Common Contracts
1 similar Lease Agreement contracts
ContractLease Agreement • May 17th, 2018
It may seem obvious that a lease should identify what is being leased, but not all lease agreements do so adequately. The purpose of a good description of the premises is to clearly and thoroughly identify what is being leased so that the parties to the lease—as well as any third party such as an appraiser, a judge, or subsequent owner—can easily identify what’s included and understand its condition at the outset of the lease. Providing a clear written description as well as a visual representation of the leasehold will avoid awkward discussions later about exactly which land and infrastructure is included in the lease agreement.
