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Replace Text Lease Proposal Template

Replace Text Lease Proposal Template

Aug 6th, 2022

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How to Replace Text Lease Proposal Template

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The Ontario standard lease agreement does not replace the OREA agreement to lease. Rather, the OREA document serves as an agreement to enter into a lease, akin to an offer to lease (OTL), outlining the initial terms. In contrast, the Ontario standard lease agreement is the finalized lease contract, providing detailed terms and conditions. This process mirrors commercial real estate leasing, where an OTL is negotiated before arriving at a finalized lease agreement that is vetted by lawyers.

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