Contributed By Hawkins Hatton Corporate Lawyers Ltd
There is no typical length of a lease.
Generally a tenant will covenant to maintain and repair the property in a long lease. A tenant will limit its liability by recording the state of repair of the property as at the commencement of the lease with a schedule of condition.
It is usual for lease rents to be paid on the usual quarterly days, namely 25 March, 24 June, 29 September and 25 December.