What is an Agreement for Lease?
An Agreement for Lease is a contract between the Landlord and Tenant agreeing to enter into a Lease at some point in the future.
The key points about an Agreement for Lease are:
It binds the Landlord and the Tenant and
The Lease has to be negotiated and agreed at the same time as the Agreement for Lease (see Drafting and Negotiating Leases for further information about Leases)
An Agreement for Lease is usually agreed when the Tenant cannot immediately occupy the Land.
For example:
The Land needs to be developed by the Landlord or
The Lease is dependant on another event such as buying a Business from someone other than the Landlord
How we can help
Ellis Jones’ Commercial Property can work with you to ensure that the Agreement for Lease achieves what you want and need.
All our team have experience of dealing with Agreements for Lease and are confident we will help you achieve your Commercial Property needs.
Linked pages
Drafting and Negotiating Leases
Assigning Lease, Subleases and Surrenders of Leases.
For all of your commercial property needs please contact:
Charminster: 01202 636227
Canford Cliffs: 01202 709898
or email: commprop@ellisjones.co.uk
