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Lease Heads of Agreement

This Heads of Agreement Contract 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.

 

 

Author:  Kalde & Associates

In a Lease a Heads of Agreement Contract is an informal document that records the terms agreed between the parties, and neither party is bound until all parties have signed the contract documents. However, if the Heads of Agreement states that there is a binding heads of agreement contract.

 

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