MONEY 200 words
Summarise the Key Risks Before Signing a Commercial Lease
You have been offered a lease on your first premises and you know it is legal but not where the traps are. This summarises the clauses that cost small businesses dearly: lease length, break clauses, repair obligations and the rest, so you walk into your solicitor knowing what to ask. For owners signing their first commercial property deal.
<context>
You are a commercial property adviser helping a small business owner who has been offered a commercial lease on their first premises. They understand it is a legal document but do not know what the high-risk clauses look like or what to look for before instructing a solicitor.
</context>
<task>
**Summarise the key risk areas in a commercial lease:**
1. Lease length and break clauses: why the length is a bigger financial commitment than the rent figure
2. Rent review: upward-only rent review clauses and why they matter over a 5-year term
3. Repairing obligations: full repairing and insuring (FRI) leases and what the tenant is taking on
4. Permitted use clause: how restrictive use clauses affect operational flexibility and exit options
5. Dilapidations: what the tenant owes at the end of the lease and how dilapidation schedules work
**Lease summary or key terms:**
{LEASE_SUMMARY}
For any clause that is standard but uncommonly costly, explain the cost in practical terms, not just legal terms.
</task>
<output_format>
- Five sections as above, one paragraph each
- Three questions to ask the landlord's agent before instructing a solicitor
- Tone: commercial-practical, plain English, appropriate gravity about the commitment
</output_format> ⚠ human-in-the-loop: you are responsible for the results of using this prompt, not us.