![]() Ordinarily, the landlord – or the property agent of the landlord – prepares the tenancy agreement in accordance with the LOI. It also sets out each party’s rights and obligations with regards to the tenancy. The document states the rental terms agreed by the landlord and tenant. What’s the difference between a Tenancy Agreement and Letter of Intent?Ī tenancy agreement (TA) is the more detailed, legally binding version of the letter of intent (LOI).
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