A full repairing and insuring (FRI) lease of a high street shop unit. Rent review is to open market rent. It is assumed that the landlord retains the structural parts and that upper storeys will be separately let. It is also assumed that there are no external areas (such as a service area). The tenant contributes to the costs of repair of the structural parts. It is assumed that the lease, when granted, will be a headlease. This standard document is not intended for use for a unit in a shopping centre. The prescribed clauses can be deleted if not required.

NOTE: This standard document is no longer maintained and has been replaced by Standard documents, Lease of part: high street shop and Lease of part: high street shop (shorter form).For a list of all of our current standard document commercial leases, see Standard documents and drafting notes, Leases of commercial property.