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Who prepares and pays for the lease?

April 26, 2017lease pays prepares

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Who prepares and pays for the lease?

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Once a suitable tenant is found the leasing agent will prepare a Heads of Agreement which details the basic terms and conditions of the lease. When both the tenant and the new owner have approved and signed the Heads of Agreement it is sent to the new owner’s solicitor. The new owner’s solicitor will then complete a lease and disclosure statement. This cost is borne by the new owner.