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ARTICLE · 06 JULY 2025

There Be Dragons. How to avoid the traps and pitfalls of leasing transactions

Understand the key documents and the do's and don'ts of leasing transactions.

AustraliaReal Estate and Construction

Leasing transactions can often seem to our modern minds what the unexplored parts of the world were to our ancestors: a scary unknown, complex and fraught with perils.

One way to navigate them is to understand the key documents and the do's and don'ts of each. Not every lease will require all these documents, but most leases will require a number.

Key Leasing Documents

1. Heads of Agreement

Sometimes called a Letter of Intent or Memorandum of Understanding, this is a preliminary document that lays out the key terms of the intended agreement to follow. It allows the parties to ensure they're in broad agreement before investing time and money into drafting a full contract.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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