The current PSG leases are based on the MCL version 1.5. The PSG has chosen not to update to MCL version 1.6 (1 September 2022) as the changes in that version have either already been made by the PSG in version 1.5 where appropriate, or are only applicable in England and Wales.
See the Offers page for an Offer to Grant a Lease.
Guidance Notes
Guidance Notes for Lease (based on MCL) v5
Archived versions: 4 | 3 | 2 | 1
Note on recent updates to leases v2
Office Leases
Lease (based on Model Commercial Lease Building (Office) (MCL – Office – 01)) (v1.5) v7
Archived versions: 6 | 5 | 4 | 3 | 2 | 1
Lease (based on the Model Commercial Lease of Part of a Retail Building (MCL – Retail – 02)) (v1.5) v5
Archived versions: 4 | 3 | 2 | 1
Lease (based on the Model Commercial Lease of Retail Building on an Estate (MCL – Retail – 03)) (v1.5) v5
Archived versions: 4 | 3 | 2 | 1
Lease (based on the Model Commercial Lease of a Retail Unit in a Shopping Centre with Turnover Rent (MCL – Retail – 08)) (v1.5) v5
Archived versions: 4 | 3 | 2 | 1
Food and Drink Leases
Lease (based on Model Commercial Lease of Whole Building (Food_Drink) (MCL –FOODDRINK– 01)) (v1.5) v4
Archived versions: 3 | 2 | 1
Lease (based on Model Commercial Lease of Unit in Shopping Centre (Food_Drink) (MCL –FOODDRINK– 05)) (v1.5) v4
Archived versions: 3 | 2 | 1
Industrial/Logistics Leases
Lease (based on the Model Commercial Lease of Whole of a Logistic/Industrial Building (MCL –Logistics-01)) (v1.5) v5
Archived versions: 4 | 3 | 2 | 1
Lease (based on the Model Commercial Lease of Whole of a Logistic/Industrial Building on an Estate (MCL–Logistics-02)) (v1.5) v5
Archived versions: 4 | 3 | 2 | 1
Index-linked Rent Review