Full Repairing and Insuring leases

Full Repairing and Insuring leases

This is sometimes referred to as F R & I leases

FR & I – Full repairing and insuring lease. – This means a lease where the tenant pays rent to the landlord and that the tenant will be responsible for the repair, decoration and maintenance of the property let to it as well as all outgoings associated with the property. This will apply both in respect of stand alone buildings as well as multi let premises. Whatever the letting whether in respect of an entire building, or as part of a multi let building this obligation will in addition apply to the entire structure of the building.

Where a tenant leases only part of a property, the tenant will in addition to being responsible for the interior shell of the property will pay to the landlord a contribution to the cost of the repair maintenance and decoration of the entire building including the structure exterior and the common parts by way of a service charge.

The tenant will also be required to meet the full costs of insuring the property and again, if the lease is of only part of the building, will only pay a proportionate part of such costs. For an entire building the tenant will be responsible for the full costs of insuring the building. The landlords generally insure and claim the costs from the tenant as a sum in addition to the rent or via the service charge.

The tenant will also be required to meet the costs of all outgoings e.g. council tax and services and utilities to the property (or in the case of a multi let building a proportionate part of such costs).

This definition is given for information as a guide only and is not legally binding. You are advised to seek legal advice upon such matters. The definition is given as a brief guide/outline/introduction only used in the English property market and is not definitive and may vary from case to case. No particulars included within this web site should be construed as incorporating these definitions.