The Law Society Business Lease (Part of Building) (Unregistered) 2008

The Law Society

Overview

This is one of four standard forms of business lease published by the Law Society, which are written and updated by members of the Law Society's Business Lease Working Party.

The leases were first published by the Law Society in 1991. Since then, the leases were revised in 1996 following the Landlord and Tenant (Covenants) Act 1995 and in 2006 following the Land Registration (Amendment) (No 2) Rules 2005 which introduced prescribed clauses in registrable leases. The current editions were updated in 2008 with amendments to allow the leases to comply with the Code for Leasing Business Premises.

The leases are drafted in plain English and intended to be concise, fair and acceptable to both parties. They are most suitable for lettings of up to 10 years duration, where the nature of the property and the amount of rent makes it appropriate to use a concise standard form.

Certain leases are registrable under the Land Registration Rules. If a lease is registrable it must contain prescribed clauses. Your solicitor will be able to advise you if a lease is registrable. See also Land Registry Practice Guide 25 'Leases - when to register' at www.landregistry.gov.uk