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THE ABOVE LETTING IS UPON THE FOLLOWING CONDITIONS Peaceful Possession First. -The Landlord covenants that the Tenant on paying the said rental and performing the covenants and conditions in this Lease contained shall and may peaceably and quietly have hold and enjoy the demised premises for the term aforesaid* Second. - The Tenant covenants and agrees to use the demised premises as a Purpose and agrees not to use or permit the premises to be used for any other purpose without the prior written ...

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What are the 4 types of leases?

There are, in general, four types of leases: the gross lease, the modified gross lease (or net lease), the triple net lease, and the bond lease.

What is the normal term for a commercial lease?

Commercial leases are typically three to five years. That guarantees enough rental income for the landlords to recoup their investment.

What is the most common lease length?

One-year leases are by far and large the most popular length for leases. Theyre good if you have high-quality tenants and an effective tenant screening process in place. In this case, year-long leases are good because it secures good tenants for a long period of time.

Are commercial leases registered with Land Registry?

The landlord of a freehold or leasehold may grant a lease to a tenant. If the lease is granted for more than 7 years, it must be registered with HM Land Registry. Some leases that are shorter than 7 years are also registered.

What is the most common lease for retail?

Percentage leases are most commonly used for retail properties (especially malls). In a percentage lease, tenants pay a base rent plus a portion of the gross sales they make from conducting business in the building.

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