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Overview

What's Typical

Term

Long; 10–15 years common

Breaks

Options to break dependent on market conditions

Renewals

Negotiable. Law gives tenant right to renew, but this right can be waived

Rent basis

Net. Most leases fully repairing and insuring

Rent free

Wide range. Between 6 and 30 months on a 10-year lease depending on the market

Escalation

Negotiable. Typically every 5 years. Sometimes to market, usually upward only

Security

Negotiable

Fit-out

Tenant pays

Tenant's broker

Tenant pays

Right to sublet

Allowed with restrictions

Transparency

High

Offices

Aberdeen +44 1224 219 000

Belfast +44 28 9043 8555

Birmingham +44 121 609 7666

Bristol +44 117 943 5757

Edinburgh +44 131 469 7666

Glasgow +44 141 204 7666

Jersey +44 1534 874 141

Leeds +44 113 233 7666

Liverpool +44 151 224 7666

London (City) +44 207 182 2000

London (West End) +44 207 182 2000

Manchester +44 161 455 7666

Southampton +44 23 8033 8811