FRI lease

FRI lease
A full repairing and insuring lease. A lease where the costs of all repairs and insurance are borne by the tenant notwithstanding that:
• The landlord will almost invariably take out the insurance itself; and
• In the case of a multi-let building, the landlord will carry out the repairs to the common parts.
The insurance costs would be recovered by an insurance rent and the costs of repairs to common parts would be recovered through a service charge.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • institutional lease — A lease that is in a form acceptable to an institution, such as a pension fund or insurance company, as an investment. Traditionally a full repairing and insuring (FRI) lease with upwards only rent reviews. Practical Law Dictionary. Glossary of… …   Law dictionary

  • service charge — An amount paid by a tenant to his landlord at a rate set by the lease to compensate the landlord for the cost of carrying out specified services in relation to a property, such as maintenance, repairs, security and so forth. Easyform Glossary of… …   Law dictionary

  • free selection — /fri səˈlɛkʃən / (say free suh lekshuhn) noun Australian History land selected, especially for agricultural use and taken up by lease or licence under various land acts, or after Crown auction, as opposed to land granted by the Crown or taken by… …  

  • NBC Red Network — NBC Red Network/ NBC Radio Network Type Radio Network Country …   Wikipedia

  • Hebrew calendar — The Hebrew calendar (הלוח העברי ha luach ha ivri), or Jewish calendar, is a lunisolar calendar used today predominantly for Jewish religious observances. It determines the dates for Jewish holidays and the appropriate public reading of Torah… …   Wikipedia

  • Continental Airlines — Not to be confused with Continental Airways, a low cost airline in Russia. Continental Airlines IATA CO …   Wikipedia

  • freehold — free‧hold [ˈfriːhəʊld ǁ hoʊld] noun [countable, uncountable] PROPERTY LAW complete ownership of a building or land for an unlimited time: • Residential leaseholders living in blocks of flats have the right to acquire the freehold of their block… …   Financial and business terms

  • Domain hack — A domain hack is an unconventional domain name that combines domain levels, especially the top level domain (TLD), to spell out the full name or title of the domain.[1] Examples include del.icio.us (http://del.icio.us/), goo.gl (http://goo.gl/)… …   Wikipedia

  • The No. 1 Ladies' Detective Agency (TV series) — Infobox Television show name = The No. 1 Ladies Detective Agency caption = (from left to right) Anika Noni Rose as Mma Makutsi, Jill Scott as Mma Ramotswe, and Lucian Msamati as Mr. JLB Matekoni genre = Drama camera = picture format = runtime =… …   Wikipedia

  • Tesco — For other uses, see Tesco (disambiguation). Coordinates: 51°42′18.89″N 0°1′36.37″W / 51.7052472°N 0.0267694°W / 51.7052472; 0.0267694 …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”