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

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