Commercial Leasing Guide
Leasing Commercial Space
Future Market: Commercial Property is coming to REID Search as the next phase of our market expansion beyond residential. We launch new markets one at a time — Commercial → Civil → Industrial → Space → Insights — each receiving the full AI-powered intelligence treatment when it goes live.
Most businesses lease rather than buy. Understanding lease terms and using REID's location intelligence helps you secure the right space.
Key Lease Concepts
- FRI (Full Repairing and Insuring) — Tenant responsible for all repairs and insurance
- Internal Repairing Only — Landlord handles structure and exterior
- Break clauses — Options to exit before lease end
- Rent reviews — Typically every 3–5 years, usually upward-only
- Service charge — Shared building costs (multi-tenant buildings)
- Permitted use — What planning class applies and what activities are allowed
How REID Helps Commercial Tenants
Before signing a lease, verify:
- Broadband infrastructure (REID shows actual available speeds, not landlord claims)
- Transport accessibility for staff and customers
- Competitor proximity
- Planning constraints on signage, delivery hours, or use changes
- EPC rating (minimum E required for commercial lettings since 2023)