FLA

FLA (an acronym for "Future Lease Agreement") is a term used in the field of commercial real estate to designate a future lease contract.

A Future Lease Agreement is an accord between two parties that establishes the conditions under which a lease agreement will be concluded in the future. This type of contract is typically utilized when a new space is anticipated to be available (for example, after the construction or renovation of a building), but the parties want to negotiate the lease terms in advance.

The conditions may specify, for example, the amount of rent, the duration of the lease, space modifications, responsibility for maintenance and repairs, and more. One of the key benefits of a Future Lease Agreement is that it gives both parties certainty regarding the future lease conditions.

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