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Click ‘Get Form’ to open the leasing agreement in the editor.
Begin by filling in the date at the top of the document. This is crucial as it marks the official start of your agreement.
Next, enter the names and details of both parties involved: the Lender and Borrower. Ensure accuracy to avoid any legal complications.
In Section 1, specify the amount of the loan and how it will be secured. Fill in all monetary values clearly to maintain transparency.
Proceed to Section 2, where you will outline conditions for disbursement of funds. Make sure to provide evidence of completion for improvements and leasing as required.
Review Sections 3 through 6 carefully, ensuring that all obligations and rights are clearly stated. Adjust any terms as necessary based on your specific agreement.
Finally, sign and date at the bottom of the document. Both parties should retain a copy for their records.
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