A lease of the whole of an industrial unit or warehouse building.

The lease contains prescribed clauses and optional provisions if there is a tenant's guarantor.

The lease assumes that the property to be let is the whole of an industrial unit or warehouse building. The landlord will not retain any part of the property and the property 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 can be used as a full repairing and insuring lease (FRI lease). Alternatively, the tenant's repair obligation can be qualified by reference to a schedule of condition.

The landlord insures the let property. The lease contains optional provisions to deal with uninsured risks.

The lease contains optional provisions for an upwards only open market rent review and for an optional cap and collar on the reviewed rent.

The lease also contains optional wording for a break clause.

The lease can be used as a headlease or as an underlease where the landlord has a leasehold interest in the whole industrial unit/warehouse building. It also contains optional wording to enable it to be used as a renewal lease.