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September 8, 2021

Agreement As Effective

Filed under: Uncategorized — Chris Chaten @ 11:59 PM

For example, if you move into a new apartment, you can sign the lease in advance. Often, landlords and tenants sign the contract weeks or sometimes months in advance. While you can sign the lease well in advance of the official entry into your new building, you will not be subject to the terms of your lease until after the effective date. For most leases, this is the first day of your fixed-term or auto-renewing lease agreement. This is also often the day when you can get and collect the keys. To understand the difference between signing a contract and entering into force of a contract, there are two important concepts to know: date of entry into force and date of performance. . . .

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