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The difference between the two is slight and mostly a matter of style: an LOI is typically written in letter form and focuses on the parties' intentions; a term sheet skips most of the formalities and lists deal terms in bullet-point or similar format. There is an implication that an LOI only refers to the final form.
the amount of rental of the dwelling, and reasonable escalation, if any, to be paid in terms of the lease; the frequency of rental payments, if rentals are not paid on a monthly basis; the amount of the deposit, if any; the lease period or, if there no lease period is determined, the notice period requested for termination of the lease;
A rental agreement or lease may include a "rent review" clause which makes provision for the rental amount to be increased, the process for the landlord to provide notice of a rent increase and the options available to the tenant regarding acceptance or rejection of the proposed increase. [3]
Farmhouse rental programs are a common method used by many rural Australian towns to attract new residents to live in their communities. The programs generally involve offering abandoned and often semi-derelict farmhouses for rent at a nominal price, often $1 per week. [ 1 ]
Legal experts believe the unknown female celebrity tied to the Jay-Z and Sean "Diddy" Combs rape lawsuit has sought her own representation with attorneys.
By Leah Douglas and Julie Steenhuysen (Reuters) -California's public health department reported a possible case of bird flu in a child with mild respiratory symptoms on Tuesday, but said there was ...
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