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1. Dear Chamunorwa, there is a binding contract if you get a business lease from a landlord who is on a mortgage. Just ensure that the business lease is in writing and signed by both you and the landlord. It makes no difference that the landlord is repaying a mortgage. The landlord is still the owner even if he has to pay off a mortgage. A landlord on a mortgage can validly grant you a business lease. This lease is then binding on both you and on the landlord. However, ,to ensure that you are protected, it should be in writing.