United Kingdom Commercial Lease Renewal Checklist
Information Item | Reason Required | Usually Provided By | Importance | Example Entry | Needed By Stage |
|---|---|---|---|---|---|
Property details | |||||
Full property address | Identifies the premises being renewed. | Both parties | Essential | Unit 4, High Street Retail Park, Leeds LS1 1AA | Before drafting |
Land Registry title number | Checks ownership and title restrictions. | Solicitor | Recommended | WYK123456 | Before drafting |
Lease plan or marked premises plan | Defines the physical extent of the demise. | Surveyor | Essential | Plan edged red dated 1 March 2026 | Before drafting |
Description of demised premises | Clarifies included areas and fixtures. | Both parties | Essential | Ground floor shop and rear store only | Before drafting |
Common parts and shared facilities | Records access and maintenance arrangements. | Managing agent | Recommended | Shared entrance, loading bay and toilets | During negotiation |
Rights granted to tenant | Ensures the tenant can use the premises properly. | Solicitor | Essential | Pedestrian access and service yard loading | Before drafting |
Rights reserved to landlord | Preserves landlord access and estate management rights. | Landlord | Recommended | Entry on notice to inspect and repair | During negotiation |
Parking spaces included | Confirms whether parking is leased or licensed. | Landlord | Recommended | Two spaces numbered 14 and 15 | During negotiation |
Party details | |||||
Landlord legal name | Identifies the party granting the renewal lease. | Landlord | Essential | ABC Properties Limited | Before drafting |
Tenant legal name | Identifies the party taking the renewal lease. | Tenant | Essential | XYZ Trading Limited | Before drafting |
Company numbers and registered offices | Verifies company identity and execution details. | Solicitor | Essential | 12345678, 10 King Street, London EC2A 1AA | Before drafting |
Addresses for notices | Sets where formal notices must be served. | Both parties | Essential | Landlord care of managing agent at 20 Station Road | Before signing |
Authorised signatories | Ensures valid execution by each party. | Both parties | Essential | Two directors, or one director with witness | Before signing |
Financial terms | |||||
VAT election or option to tax status | Determines whether VAT is payable on rent. | Landlord | Essential | Landlord has opted to tax VAT added to rent | Before drafting |
Existing lease details | |||||
Date of existing lease | Links the renewal to the current tenancy. | Both parties | Essential | 15 June 2019 | Before drafting |
Parties to existing lease | Checks continuity and any assignments. | Solicitor | Essential | ABC Properties Limited and XYZ Trading Limited | Before drafting |
Existing contractual expiry date | Determines timing of renewal and occupation risk. | Both parties | Essential | 14 June 2026 | Before drafting |
1954 Act security of tenure status | Determines renewal rights and required procedure. | Solicitor | Essential | Inside the Landlord and Tenant Act 1954 | Before drafting |
Section 25 notice details | Records landlord-initiated statutory renewal procedure. | Landlord | Recommended | Notice served 1 January 2026 termination 30 June 2026 | Before drafting |
Section 26 request details | Records tenant-initiated statutory renewal procedure. | Tenant | Recommended | Request served 10 February 2026 start date 1 August 2026 | Before drafting |
Regulatory information | |||||
Contracting-out declaration and warning notice | Excludes 1954 Act renewal rights if validly completed. | Solicitor | Essential | Statutory declaration made before lease completion | Before signing |
Financial terms | |||||
Interim rent position | Addresses rent payable during statutory continuation. | Solicitor | Recommended | Interim rent to be agreed from 1 July 2026 | During negotiation |
Existing lease details | |||||
Rent arrears and outstanding sums | Confirms financial position before renewal completion. | Managing agent | Recommended | No arrears as at 31 March 2026 | Before signing |
Term and dates | |||||
New lease term length | Sets duration of the renewed tenancy. | Both parties | Essential | Five years | During negotiation |
New lease commencement date | Determines when new obligations begin. | Both parties | Essential | 15 June 2026 | Before drafting |
New lease expiry date | Confirms final date of the renewed term. | Solicitor | Essential | 14 June 2031 | Before signing |
Financial terms | |||||
Annual rent | States the core payment obligation. | Surveyor | Essential | £45,000 per annum exclusive | During negotiation |
Rent payment frequency and dates | Sets when rent must be paid. | Landlord | Essential | Quarterly in advance on usual quarter days | Before drafting |
Rent review mechanism | Controls future rent increases. | Surveyor | Recommended | Open market review on third anniversary | During negotiation |
Rent-free period or concession | Records agreed commercial incentive. | Both parties | Recommended | Three months rent-free from commencement | During negotiation |
Service charge obligations | Allocates estate or building costs. | Managing agent | Essential | Fair proportion of estate service charge | During negotiation |
Service charge cap or exclusions | Limits or clarifies recoverable costs. | Both parties | Recommended | Cap of £8,000 plus RPI annually | During negotiation |
Insurance rent and insured risks | Confirms building insurance cost recovery. | Landlord | Essential | Tenant pays premium proportion on demand | Before drafting |
Business rates responsibility | Confirms tenant liability for non-domestic rates. | Solicitor | Recommended | Tenant to pay all business rates directly | Before drafting |
Operational terms | |||||
Utilities and metering arrangements | Allocates utility costs and meter responsibility. | Managing agent | Recommended | Separate electricity meter water via service charge | During negotiation |
Security and guarantees | |||||
Rent deposit amount and trigger events | Secures tenant payment and performance obligations. | Landlord | Recommended | Six months rent plus VAT held under deposit deed | During negotiation |
Guarantor details | Identifies any party guaranteeing tenant obligations. | Tenant | Recommended | John Smith of 1 Market Street, York | During negotiation |
Authorised guarantee agreement requirements | Sets guarantee terms on future assignment. | Solicitor | Recommended | AGA required for non-group assignment | During negotiation |
Operational terms | |||||
Permitted use clause | Defines lawful business use under the lease. | Both parties | Essential | Retail sale of clothing and accessories | During negotiation |
Regulatory information | |||||
Planning use class and permissions | Checks the intended use is planning compliant. | Solicitor | Recommended | Class E retail and office use | Before signing |
Operational terms | |||||
Opening hours or trading restrictions | Controls business operation and estate rules. | Landlord | Optional | Open between 08:00 and 20:00 daily | During negotiation |
Repairing obligations | Allocates responsibility for repair and condition. | Solicitor | Essential | Tenant to keep interior in good repair | During negotiation |
Schedule of condition | Limits repair obligation to existing condition. | Surveyor | Recommended | Photographic schedule dated 2 April 2026 | Before signing |
Alterations and fit-out permissions | Controls tenant works and consent requirements. | Tenant | Recommended | Landlord consent required for structural works | During negotiation |
Existing lease details | |||||
Existing licences to alter | Carries forward approved works and reinstatement duties. | Tenant | Recommended | Licence to Alter dated 12 September 2021 | Before drafting |
Operational terms | |||||
Reinstatement obligations | States what must be removed at lease end. | Landlord | Recommended | Remove tenant partitions unless landlord elects otherwise | During negotiation |
Assignment restrictions | Controls transfer of the lease to another tenant. | Solicitor | Essential | Assignment of whole only with consent | During negotiation |
Underletting and sharing restrictions | Controls subletting, sharing and group occupation. | Both parties | Recommended | No underletting of part group sharing permitted | During negotiation |
Term and dates | |||||
Break clause dates and conditions | Gives agreed early termination rights. | Both parties | Recommended | Tenant break on third anniversary with six months notice | During negotiation |
Operational terms | |||||
Forfeiture and re-entry clause | Sets landlord remedy for serious tenant default. | Solicitor | Recommended | Re-entry for unpaid rent after 21 days | Before signing |
Financial terms | |||||
Default interest rate | Applies interest to overdue sums. | Landlord | Recommended | 4% above Bank of England base rate | Before drafting |
Regulatory information | |||||
Superior landlord consent | Confirms headlease consent where landlord is tenant. | Landlord | Recommended | Consent required under headlease dated 1 May 2010 | Before signing |
Mortgage lender consent | Checks mortgage restrictions on granting leases. | Landlord | Recommended | Bank consent required before completion | Before signing |
Energy Performance Certificate rating | Checks energy compliance before letting. | Landlord | Essential | EPC rating C, valid until 3 May 2030 | Before signing |
MEES compliance or exemption | Confirms minimum energy efficiency letting compliance. | Landlord | Essential | Rating E or above, or registered exemption | Before signing |
Asbestos management information | Supports duty to manage asbestos in non-domestic premises. | Landlord | Recommended | Asbestos register last updated 5 January 2026 | Before signing |
Fire safety responsibilities | Clarifies responsible person duties and premises controls. | Both parties | Recommended | Tenant responsible for internal fire risk assessment | Before signing |
Health and safety file or manuals | Provides operational compliance information for the premises. | Managing agent | Optional | Building manual and emergency procedures supplied | After completion |
SDLT calculation and filing requirement | Checks whether lease renewal must be notified to HMRC. | Solicitor | Essential | SDLT return required within 14 days of effective date | After completion |
Land Registry registration requirement | Determines whether the renewal lease must be registered. | Solicitor | Essential | Term over seven years registration required | After completion |
Financial terms | |||||
Legal and surveyor costs agreement | Allocates renewal transaction costs. | Both parties | Recommended | Each party bears own legal and surveyor costs | During negotiation |
Operational terms | |||||
Estate or building regulations | Incorporates rules for multi-let property operation. | Managing agent | Recommended | Tenant to comply with estate regulations schedule | Before signing |
Regulatory information | |||||
Environmental obligations | Allocates contamination, waste and environmental compliance duties. | Solicitor | Optional | Tenant must not store hazardous materials | During negotiation |
Business licences and consents | Checks tenant operation needs external permissions. | Tenant | Optional | Premises licence for alcohol sales required | Before signing |
What Information Is Needed For A UK Commercial Lease Renewal?
A strong commercial lease renewal checklist should confirm the parties, the exact premises, the existing lease, the new term, the rent package and any changes to operational clauses before drafting. In England and Wales, it is especially important to identify whether the renewal is inside or outside the Landlord and Tenant Act 1954, because this affects security of tenure, renewal rights and the procedure needed to exclude those rights.
Which Lease Renewal Points Usually Cause Negotiation?
The most sensitive items are usually open market rent, rent review wording, service charge treatment, break rights, repairing obligations, permitted use, alterations and any rent deposit or guarantor requirements. These points should be settled during negotiation, not left until signing, because small wording changes can materially affect cost, flexibility and future exit options.
What Should Be Checked Before Signing A Commercial Lease Renewal?
- Property details: confirm the address, title number, plan, extent of demise, rights granted and any excluded areas.
- Regulatory status: check EPC position, planning use, asbestos information where relevant and whether SDLT notification or payment may be required.
- Authority: verify company details, signatories, landlord title and lender or superior landlord consent where needed.
- Completion documents: ensure any licence to alter, rent deposit deed, guarantee, schedule of condition or 1954 Act contracting-out documents are completed in the correct order.
Useful official sources include GOV.UK forms and notices, HMRC SDLT lease guidance, GOV.UK EPC guidance and HSE asbestos management guidance.

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