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.
- Terms to be included in contract for sale
- Terms to be included in lease
- No binding agreement until contract formalised.
3 pages long.