The Tribunal found that, although the payment and acceptance of rent, in accordance with the lease document, is an essential factor for the tenant, the context in which those payments were made, combined with the surrounding circumstances and the conduct of both parties, shows an objective intention not to be bound before the execution and replacement of the Forma rental document. A lease deals with other secondary issues that must be dealt with before the lease is signed. In the situation where the land (in our example the mall) has not yet been built, the lease would determine when it will be built, how it will be built and when the opening of the different units will be triggered. Here is an example of a rent clause in a rental agreement: each lease must indicate between whom the contract exists. In the case of a lease for a leased property, this agreement exists between the lessor and / or the lessor`s representative and the tenants who will occupy the property. All tenants over the age of 18 must be mentioned on the lease. The address of each party should also be included. This is in contrast to walsh v lonsdale, where a lease agreement was as good as a lease. There may often be circumstances in which a lessor and tenant have agreed to enter into a lease, but it may not be possible (or preferable) to enter into the lease immediately.

In such scenarios, the parties may enter into a document called a lease agreement. In this regard, we are considering, among other things, what a lease is and when its use may be appropriate. .