Lease of whole: industrial unit/warehouse on an estate
A standard document for a lease of the whole of an industrial unit or warehouse building on an estate in England or Wales. This standard document is structured as a full repairing and insuring (FRI) lease where the tenant repairs the demise but provides the flexibility for this obligation to be qualified by a schedule of condition. The landlord is responsible for insuring the property and the common parts of the estate, recovering its costs for the repair and maintenance of those common parts through a service charge. This standard document features valuable optional provisions, including a service charge cap reviewable annually against the Retail Prices Index (RPI), clauses to address uninsured risks, an upwards-only open market rent review with an optional cap and collar and a break clause. Adaptable for various scenarios, it can be used as a headlease, an underlease or a renewal lease and includes prescribed clauses and optional provisions for a tenant's guarantor .
Already a Practical Law customer? Sign in
Get access to this document with Practical Law
Why Practical Law?
Gain a built-in attorney network
Practical Law’s resources are written and maintained by over 650 dedicated, full-time attorney-editors globally. They’re highly qualified, having practiced at the world’s leading law firms, corporate law departments, and government agencies, so they understand the challenges you face. They dedicate themselves to creating resources to help you navigate the new legal realities, legislative changes, and practice areas impacting your clients or organisation.
See how to leverage the expertise of Practical Law’s attorney-editors to help you practice more efficiently.
Learn more about Practical Law
Expert guidance
650+ full-time, experienced attorney-editors keep you up to date globally
Total resources
118,000+ total resources across 17 practice areas ensure comprehensive coverage
Timely updates
150,000+ hours spent in 2025 maintaining and updating resources