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[Music] hi welcome im paul vandenberg nai harcourts whangarei and im pete peters in iowa harcourts fun ray now pete weve been doing quite a few leases recently and whats actually involved and whats the binding factor here when you actually enter into a lease right a deed of lease has um first of all covered up with an agreement to lease so when we have a property that youre interested in leasing we go to whats called an agreement the lease where we get all your details on and the details of the owner and the terms of the lease are written on it its a binding document so once its signed and everyone signed it off you have actually signed yourself into a lease and it could be a three year lease or a five whatever term it is on it and so you have actually then committed to that period of time to pay the amount of money that says on that agreement to lease and also um bound by the terms of the maintenance and all the other things that happened to it its a its a complex legal d