Industrial Premises Short Leases for Five Years or Less

Most industrial premises are occupied under a lease.  A lease is a commercially binding contract allowing a tenant to exclusively use the premises for a specified duration, subject to the payment of rent and compliance with the provisions of the lease, such as keeping the property in repair, complying with planning, etc.  

The Industrial Premises Short Leases for Five Years or Less cover a variety of short term lettings of industrial premises, warehouses and garages, together with other helpful letting documents.  Short term leases are often attractive to business tenants as they offer more flexibility as the term ends sooner rather than later, which is particularly useful if a business' needs have changed by the end of the tenancy.  There is a useful Comparison Matrix which can be used by landlords to help decide which lease is most appropriate for any proposed letting.

The leases cover lettings of whole industrial units, warehouses, workshops and garages as well as parts of a unit, and an underlease where a tenant needs to sublet part of the premises.  The leases contain detailed provisions as to what a tenant must and must not do during the term.  These provisions aim to protect the value of the landlord’s reversionary interest in the premises.  Some of the leases are “Code Compliant”, meaning their provisions comply with the Code for Leasing Business Premises in England and Wales 2007. The Code aims to promote efficiency and fairness in landlord and tenant relationships.  

Generally on the grant of a lease the tenant automatically has security of tenure (the right to remain and request a new lease at the end of the lease term) unless the landlord and tenant agree that the lease can be granted without security of tenure.  There is also guidance covering the process which must be followed to exclude security of tenure.  A failure to follow this procedure risks the tenant acquiring security of tenure. Beside the guidance, the mandatory landlord's "health warning" notice and tenant declaration forms which need to be used are available. These forms are essential to evidencing that the landlord has made the tenant aware and that the tenant confirms their awareness of the consequences of excluding security of tenure.  

The documents are constructed in Word format, and can be customised to meet your requirements. Please click on the links below to access the documents.

For use in England and Wales only

• Industrial Leases Comparison Matrix
• Lease of Self-Contained Industrial Unit
• Lease of Self-Contained Industrial Unit (Complies with Lease Code)
• Lease of Garage or Workshop
• Lease of Garage or Workshop (Complies with Lease Code)
• Lease of Industrial Unit on an Estate
• Lease of Self-Contained Warehouse or Storage Unit
• Lease of Self-Contained Warehouse or Storage Unit (Complies with Lease Code)
• Underlease of Part of Industrial Unit on an Estate
• Guidance on Excluding Security of Tenure
• Landlord’s Notice to Exclude Security of Tenure
• Tenant’s Simple Declaration Regarding Security of Tenure
• Tenant’s Statutory Declaration Regarding Security of Tenure
• Landlord’s Notice to Guarantor to Exclude Security of Tenure
• Guarantor’s Simple Declaration Regarding Security of Tenure
• Guarantor’s Statutory Declaration Regarding Security of Tenure

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