A lease of a high street shop that forms part of a building.

The lease contains prescribed clauses.

The lease is a lease of part. The demise includes the shopfront and fascia but is otherwise an internal only demise. The tenant repairs the demise. The lease is a full repairing and insuring lease (FRI lease).

The landlord insures the building.

The landlord retains responsibility for the repair and maintenance of its retained parts of the building. The landlord recovers the costs it has incurred through a simple on demand service charge mechanism.

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