Leases: very long lease of a whole commercial property | Practical Law
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This standard document is designed for use when letting the whole of a commercial property on a very long lease (sometimes referred to as a virtual freehold), where a premium is being paid for the lease.
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Leases: very long lease of a whole commercial property
Practical Law UK Standard Document 6-562-2307
(Approx. 29 pages)
Leases: very long lease of a whole commercial property
by
Practical Law Property
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This standard document is designed for use when letting the whole of a commercial property on a very long lease (sometimes referred to as a virtual freehold), where a premium is being paid for the lease.
For a long lease that allows the landlord to retain more control over the property, see
Standard document, Long lease of a whole commercial property
.