Overview
Once you have negotiated the terms and conditions of your lease agreement, it is time to have it put in final form and prepare for what is referred to as the lease closing. At the closing, all parties will sign the lease agreement and, in addition, fulfill any closing conditions identified or requested in accordance with the lease or other governing papers, such as the lessee delivering to the lessor any specified collateral documents requested. These collateral, or supplemental, documents range from those that essentially provide comfort on specified issues, such as opinions of counsel, to those that define critical supportive arrangements, such as guarantee agreements. All the collateral documents ...
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