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What is a “term sheet” relative to a commercial lease renewal?

A term sheet is an agreement to agree and used for an initial commercial lease and / or a renewal. They are primarily used by brokers and serve as a letter of intent. If you’d like to have a term sheet drafted or reviewed by experienced commercial lease attorneys then feel free to check out LawTrades. Our legal marketplace makes it easy for businesses to seek the legal advice they need when they need it.

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