The lease: how it evolves

Maybe it is just me, but recently I have read a number of leases which are, at a minimum, badly out of date.

In many cases, this is due to the fact the landlords had the text initially drafted to contemplate their then new project, spending monies to compile a text which was both correct and acceptable.

However, as these projects change so too does the need to modify the text in order to better set forth the various requirements of the tenant.

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