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Office Leases & Licences

Office Short Leases for Five Years or Less

Most offices are occupied under a Lease. A Lease gives the Tenant exclusive use of the premises for a specified term, subject to the Tenant paying the rent and complying with the provisions of the Lease. 

This subfolder of Office Lease Agreement Templates for five years or less contains a selection of templates for short lettings of office premises. There are Leases of part (with service charge), Leases of whole and an Underlease. All of 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.

A comparison matrix is available to help you decide which Lease is most suitable for your purpose.

Office Short Leases for Five Years or Less is part of Property. Just £38.50 + VAT provides unlimited downloads from Property for 1 year.

Frequently Asked Questions

I am letting an office for a few years, do I need rent review? +
Usually not. Rent review keeps rent in line with the market over a long term, so it is standard on leases of more than five years and normally left out of shorter ones. The Simply-Docs short office leases of five years or less are drafted without rent review, while the long lease templates include it. If you expect the market to move sharply within a short term you can still add a review, but on most short lets a fixed rent is simpler and cheaper to run.
Does a short office lease still give my tenant the right to renew? +
Yes, unless you contract out. Any business lease within Part II of the Landlord and Tenant Act 1954 carries security of tenure however short, so a two or three year office lease still lets the tenant apply for a new lease at the end. The only way to prevent this is the contracting-out procedure: a warning notice served before the lease, then the tenant's declaration. A separate exception removes security automatically only where the term is six months or less with no renewal right and no long prior occupation.
Do I need to register a five year office lease at the Land Registry? +
Not the lease itself. Only a lease granted for more than seven years must be registered at HM Land Registry, so a five year office lease does not need its own title. There is one catch: if the lease grants easements such as rights of way or parking over the landlord's other land, those can be registrable even on a short lease. Keep the executed originals safe, as you will need them on any assignment or rent review.
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