I'm I'm hoping to get some clarification on a specific line that I've seen in lease agreements.
The lease agreement states:
"Lease Not Effective Until Executed: The submission of this lease for examination does not constitute a reservation of or option for the demised premises and this lease becomes effective as a lease on upon execution thereof by Landlord to Tenant."
I'm mostly curious about the "by Landlord to Tenant" part. Does this phrasing mean that the Landlord must sign and return the lease for it to be binding, or is there a grey area?