The dominant UK commercial lease structure.
Lease structure · UK
The dominant UK commercial lease structure.
Under an FRI lease, the tenant takes responsibility for the cost of internal repair, reimburses the landlord's building insurance, and pays a proportional service charge. For multi-tenant buildings, repair obligations typically extend only to the demised premises. A Schedule of Condition can cap the repair obligation to the recorded standard at lease commencement.
FRI (Full Repairing and Insuring) is part of the lease structure vocabulary that institutional Class A occupiers, landlords, and advisers use across UK markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks the UK definition alongside the global standard so cross-border occupiers can translate quickly.