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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.

Leasing Heads of Agreement

This information is not legal information provided by Precedents Online or it’s Authors.  It is for General Information only and to be used accordingly.

heads of agreement is a short, interim agreement that parties use before negotiating and finalising a formal agreement. They are also known as ‘memorandum of understanding‘ (or ‘MOU‘) and serve much the same purpose as a ‘letter of intent’

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