Heads of Agreement for Lease

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Heads of Agreement for a Lease Template

This Heads of Agreement precedent is for parties intending to enter into a Lease.

Includes provisions relating to:

  • Identification of business
  • Identification of property from which the business is operated
  • Payment of holding deposit
  • Vendor’s costs to be paid from deposit
  • Deposit to be returned if lease does not proceed, less costs.
  • Acceptance
  • Terms to be included in contract for sale
  • Terms to be included in lease
  • No binding agreement until contract formalised.

3 pages long.