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Wording for lease

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Hi everyone,

Is there specific wording that is needed for a lease or is as simple as "Lessor acknowledges that the lessor's intended use is a distillery"?

Thanks!

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Simple is best if your a tenant.  Now on the other hand if your the landlord it can never be complex enough.  TTB just wants to make sure you have a legal right to occupy and for what terms. 

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Anyone know if TTB will accept a DSP application with just an executed Letter of Intent (LOI) rather than a final lease?

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On 9/1/2018 at 10:02 AM, VictorFL said:

Anyone know if TTB will accept a DSP application with just an executed Letter of Intent (LOI) rather than a final lease?

They should not because it does not constitute an agreement by which you have right of occupancy.  What they will accept is another story.

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