FRI Leases
Full Repairing & Insuring
Maximum protection for landlords \u2014 transfer all maintenance, repair and insurance obligations to your tenant.
A Full Repairing and Insuring (FRI) lease is the gold standard for landlord protection. Under an FRI lease, the tenant takes full responsibility for all repairs, maintenance and building insurance — essentially treating the property as their own for the duration of the lease. For landlords, this represents the ultimate in hands-off property investment. You own the asset, you receive the rent, and you have virtually no day-to-day involvement. The tenant handles everything from fixing a leaking tap to replacing the roof. They insure the building. They maintain the grounds. They manage all compliance requirements. FRI leases are most commonly used in commercial property, but they are increasingly being adopted in the residential investment space — particularly for company lets and care provider arrangements where the tenant is a substantial organisation with the resources and incentive to maintain the property properly. The key advantage is total cost certainty. With a standard tenancy, you budget for maintenance but never really know what the year will bring. A boiler replacement, a roof repair, a tenant who damages the property — these costs come out of your pocket. Under an FRI lease, they come out of the tenant's. Your net income is genuinely predictable. We structure FRI leases with care providers and corporate tenants who are comfortable with this level of responsibility. The lease terms are longer (typically 5 to 15 years) to make the arrangement worthwhile for the tenant, providing you with extended income security in return for the benefit of a fully repairing lease.
Who Is This For?
Key Benefits
Zero maintenance responsibility — tenant handles everything
Building insurance arranged and paid for by the tenant
Predictable net income with no unexpected repair costs
Long lease terms typically 5 to 15 years
Ideal for passive investors seeking hands-off returns
Tenant has incentive to maintain property to high standard
All compliance obligations transferred to the tenant
Clear lease structure with defined responsibilities
Our Simple Process
Property Review
We assess your property and identify suitable FRI lease opportunities with established tenants.
Tenant Matching
We connect you with corporate tenants or care providers willing to enter an FRI lease arrangement.
Lease Setup
We structure the FRI lease with clear obligations, responsibilities and rent review mechanisms.
Passive Income
You receive rent with no maintenance surprises. The tenant handles everything else.
FRI Leases FAQs
How is an FRI lease different from a standard tenancy?
Under a standard tenancy, you as landlord are responsible for most repairs, maintenance and building insurance. Under an FRI lease, the tenant takes on all of these obligations. This is a fundamentally different arrangement that transfers operational responsibility to the tenant.
What types of tenants take on FRI leases?
FRI leases are typically agreed with corporate tenants, care providers and housing associations — organisations with the resources and incentive to maintain properties properly over the long term. Individual residential tenants would not normally enter an FRI lease.
Does FRI mean I have zero involvement?
Almost. You retain ownership of the asset and receive rent, but the tenant handles all operational aspects. You would typically only be involved in major strategic decisions, such as agreeing significant alterations or discussing lease renewal terms.
What happens at the end of an FRI lease?
The property is returned in the condition specified in the lease agreement. Because the tenant has been responsible for maintenance throughout, properties under well-managed FRI leases are typically returned in good condition. The lease includes a schedule of condition and clear handback requirements.
Ready To Get Started?
Speak to our team today for a free, no-obligation discussion about how fri leases can work for your property.
