HEADS OF AGREEMENT FOR A LEASE

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What is included

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.

Including GST

 

 

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Suitability

Australia

Preview Sample

HEADS OF AGREEMENT FOR A LEASE
What is a Heads of a Agreement for a Lease

A Heads of Agreement for a lease is an important preliminary document that helps to outline the main terms and conditions agreed upon by the landlord and the tenant. It provides a clear framework for the subsequent detailed lease agreement, ensuring that both parties have a mutual understanding of their expectations and responsibilities. While generally not legally binding, it includes crucial provisions like confidentiality and exclusivity that protect the interests of both parties during the negotiation process.

Key Elements

Key Elements of a Heads of Agreement for a Lease

  1. Parties Involved:
  2. Property Details:
  3. Lease Term:
  4. Rent:
  5. Security Deposit: .
  6. Maintenance and Repairs:
  7. Use of Premises:
  8. Alterations and Improvements:
  9. Insurance:
  10. Confidentiality:
  11. Exclusivity:
  12. Governing Law:
  13. Non-Binding Nature:
  14. Signatures:
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