Commercial Leases · glossary
Words on every offer, email and paper about a letting until completion. They mean nobody is bound yet: either side can walk away or change the terms and owe the other nothing. Nothing binds until the lease and the counterpart are exchanged. Chapter 1 · see Heads of terms
Explained in Chapter 1, What a Lease Is, of Commercial Leases.
The offer is marked subject to contract and subject to lease. That means nobody is bound until the lease itself is signed and exchanged. Either side can still walk away or change the terms, and owe the other nothing.Read Chapter 1, What a Lease Is →
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This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Commercial Leases → · All terms A–Z →