What is the difference between a Commercial Lease and an Agreement to Lease?
An Agreement to Lease normally is a preliminary document, which is prepared by a commercial real estate agent and contains the basic information agreed on by the Landlord and Tenant, e.g. term of lease, rental and brief description of premises.
The formal Deed of Lease is normally prepared in accordance with the terms and conditions of the Agreement to Lease and may relate to various commercial premises such as retail premises, industrial premises, and the like as opposed to residential tenancies of a dwelling house.
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