The 30 Day Notice Commercial Lease is specifically designed for situations requiring flexible commercial letting arrangements in England and Wales. This type of lease is particularly suitable for businesses seeking short-term occupancy or those requiring the ability to quickly adapt to changing circumstances. It provides all standard commercial lease provisions while incorporating a shorter notice period than traditional commercial leases. The document ensures compliance with relevant legislation including the Landlord and Tenant Act 1954 and addresses key aspects such as rent, maintenance obligations, and permitted use of the premises.
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1. Parties: Details of landlord and tenant, including registered addresses
2. Background: Context of the lease arrangement and property details
3. Definitions: Key terms used throughout the lease
4. Demise: Exact description of property being leased
5. Term: Duration and notice period specifications
6. Rent: Payment terms, amounts, and review mechanisms
7. Tenant Covenants: Tenant obligations including repairs, alterations, use
8. Landlord Covenants: Landlord obligations including quiet enjoyment
9. Termination Provisions: Notice requirements and termination procedures
1. Break Clause: Early termination rights - used when parties want flexibility to end lease early
2. Service Charge: Additional charges for building services - used for multi-let buildings
3. Insurance Provisions: Building insurance requirements - used when landlord maintains building insurance
1. Schedule 1: Property Plan: Detailed floor plan and property boundaries
2. Schedule 2: Rights Granted: Specific rights granted to tenant (access, parking etc.)
3. Schedule 3: Rights Reserved: Rights retained by landlord
4. Schedule 4: State of Repair: Initial condition report of premises
5. Schedule 5: Permitted Use: Detailed description of allowed business activities
Relevant legal definitions
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