Lease Agreement - Short Term

A Lease Agreement (also known as a Business Tenancy Agreement) is a legally binding agreement made between the Landlord and the Tenant which governs the terms and conditions under which the lease is to operate. This agreement is drafted specifically for leases of a commercial nature where the period of the lease is less than 7 years.

A Business Tenancy Agreement is a legally binding agreement made between the Landlord and the Tenant which governs the terms and conditions under which the lease is to operate. In terms of this agreement, the Landlord grants the Tenant the right of lease over the property, for commercial purposes, and in return for rental.

This agreement is drafted specifically for leases of a commercial nature where the period of the lease is less than 7 years. It is a comprehensive agreement containing the essential clauses necessary to ensure that both parties’ interests are protected. There is also the option to either include or exclude security of tenure in terms of the Landlord and Tenant Act 1954. Leases that are less than 7 years do not need to be registered with the Land Registry.

This agreement contains the following clauses:

1. Definitions
2. Interpretation
3. Letting and Hiring
4. Duration
5. Rent Payments
6. Additional Charges
7. Use of Premises
8. Maintenance and Repairs
9. Statutory and Other Obligations
10. Maintenance of Common Areas
11. Special Provisions
12. Landlord’s Right of Access
13. Transfer and Sub-letting
14. Insurance
15. Breach
16. Forfeiture
17. Arbitration
18. Notices
19. Exclusion of Security of Tenure (optional)
20. Governing Law and Jurisdiction
21. Counterparts
22. Signatories

Related Documents:

• Lease Agreement - Long Term