A lease of the whole of a building for use as a high street shop.

The lease contains prescribed clauses.

The lease assumes that the property to be let is the whole of a building. The landlord will not retain any part of the building and the building does not form part of an estate owned by the landlord. Therefore, the lease does not include any service charge provisions.

The tenant repairs the demise. The lease is a full repairing and insuring lease (FRI lease).

The landlord insures the building.

The lease contains optional provisions for an upwards only open market rent review.