In our experience, Heads of Agreement are all too often drafted insufficiently. This can lead to disagreements when it comes to drafting the lease terms, after additional costs have been incurred. The result is that the lease often falls over. To avoid disappointment and protect your interests, we believe that a Heads of Agreement should be comprehensive and clearly outline terms that are important to you. This approach can also help you ensure that the lease agreement doesn’t leave you exposed to any unexpected costs that are sometimes hidden in market review, recovery of outgoings, option and make good clauses, to name a few.
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