A licence in a tenancy agreement is a personal agreement between the parties and does not grant the tenant exclusive use of the premises. A rental agreement cannot even contain a licence to allow the tenant access to the premises. Simply put, a lease is a pre-curse of a lease and may allow the tenant to temporarily access the premises to perform certain work or tasks to complete the lease, but he should not in itself rely on a tenant to occupy long-term premises. A lease agreement is a contract between two (or more) parties to enter into a lease agreement. The agreement contractually obliges the parties concerned to enter into the lease either on a fixed date in the future or after fulfilling the conditions set out in the agreement. In order to avoid litigation when completing the lease, it is best to agree on the form of the lease and attach it to the contract. If you have any questions about entering into a lease or would like someone to help you in this process, please contact our commercial real estate lawyers. Call us on 0800 689 1700 or fill out this form. A lease is a contract between two parties (or perhaps more). If the agreement meets the standard conditions that must be considered a contract, it is legally binding: if one of the parties is to take action (for example. B carry out work or file a planning application), it will be more comfortable, knowing that it has the advantage of a contract that requires the other party to enter into the lease.
From a practical point of view, also, if a lease agreement is to be entered into on a future date, it allows the parties to prepare for the move (for example.B. the tenant will be able to organize the movers and service companies and, if necessary, he will also be able to advertise). If a tenancy agreement is granted for a sufficiently long period of time with a sufficiently high rent (or a premium paid after the conclusion of the lease), the LTDS may be payable.