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The Ontario standard lease agreement does not replace the OREA agreement to lease; rather, they serve different purposes. The OREA standard residential agreement to lease functions as an initial agreement, similar to an offer to lease (OTL), outlining the basic structure of a future lease. In contrast, the Ontario standard lease agreement is the comprehensive lease document that details the full terms of the contract. This process is akin to commercial real estate leasing, where an OTL precedes the negotiation and finalization of the actual lease agreement, which is then approved by lawyers.