The new form is more user-friendly and has a more modern language. It is also fairer between the landlord and the tenant. We see the new form as an improvement over its predecessor. However, it would be unwise to treat the standard form as a « One Size Fits All » document. If you are considering entering into a rental agreement or a rental agreement, we strongly recommend that you obtain legal advice beforehand. In hire-purchase situations, it is customary for a commercial real estate agent to negotiate all the terms of the lease agreement between the parties, prepare the document, have both parties sign, and then deliver a copy to their respective lawyers for the purpose of having them establish the formal lease. A tenancy agreement is an agreement between a lessor and a tenant of commercial property. The parties have the possibility to withhold their leasing contracts before being formalized in a leasing deed. . .