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The format and content of residential leases is largely dictated by legislation, while commercial leases are entirely negotiated by the parties, resulting in lengthy and
The format and content of residential leases is largely dictated by legislation, while commercial leases are entirely negotiated by the parties, resulting in lengthy and complex documents. The difference is largely based on the assumption that commercial tenants can take care of themselves while residential tenants are vulnerable to exploitation by landlords. Is this a valid assumption. Should there be more similarity in the process that create the two types of leases.
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