The Full Repairing and Insuring Lease is a standard, recognised property industry lease and as such is put forward as a starting point in the Standard Lease Agreement agreed between NHS Property Services (NHS PS) and the British Medical Association in 2016.
NHS England has committed to a date of 30 November 2017 by which it will offer certain additional benefits to general practitioner practices which enter into a Lease. These are as follows:
- NHS England will reimburse Stamp Duty Land Tax for an initial term of up to 15 years;
- NHS England will reimburse legal fees for conveyancing up to a maximum of £1,000, plus VAT; and
- NHS England will reimburse the Management Fee for Service Charges for both 2016/17 and 2017/18.
NHS PS is working with all GP practices to facilitate outcomes which work for both parties in all cases, using the framework as outlined by NHS England.