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Short term lease of a shop (turnover rent)
Practical Law UK Standard Document 8-505-7450 (Approx. 38 pages)
Short term lease of a shop (turnover rent)
| Maintained • , England, Wales |
A lease of a high street shop for a term of less than five years in which:
The tenant pays a rent representing a fixed percentage of its gross turnover, with a minimum base rent. There are no rent review provisions.
Alienation is prohibited but there is a tenant's break clause.
The parties agree to exclude Part II of the Landlord and Tenant Act 1954.
See Standard clauses and drafting notes for clauses that can be used to adapt this document.