A lease of a retail unit in a shopping centre for a term of one year or less with no rent review. Alienation is not permitted.

The rent is inclusive of the landlord's costs of providing services and a proportion of the landlord's costs of insuring the shopping centre. The rent is not inclusive of non-domestic business rates and utilities.

The lease is a lease of part. The demise includes the shopfront and fascia but is otherwise an internal only demise. If the tenant is obliged to repair the demise, that obligation can be qualified by reference to a schedule of condition. It is not a full repairing and insuring (FRI) lease.

The lease will be contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.

The lease does not contain prescribed clauses or provide for a tenant's guarantor.

The lease can be used as a headlease or as an underlease where the landlord has a leasehold interest in the whole shopping centre.