This article contains some useful tips and insights on matters
of importance for landlord leasing. The information is general in
nature and does not take into account any personal
circumstances.
- Get your commercial terms in order
The document which sets out the agreed commercial terms of a
lease has several different names: leasing advice, heads of
agreement, agreed terms. The main aim of this document should
be to capture most, if not all of the agreed commercial terms
between the parties before the lease drafting
commences.
The leasing advice should be as concise as possible. Whilst a
leasing advice is not usually binding between the parties, it can
be relied upon as a record of agreement where specific terms have
been agreed and a party seeks to depart from them.
