Description

Streamline your leasing process with our downloadable Letter of Intent template. This comprehensive business form provides a clear framework for finalizing lease terms and conditions between the tenant and landlord. Whether you are the tenant or the landlord, this letter of intent sets the stage for a smooth negotiation process and serves as a solid foundation for the lease agreement.

Key Features:

1. Formalize Lease Terms: Clearly outline lease commencement, duration, base rent, and renewal options.
2. Comprehensive Details: Specify premises size, property address, and essential landlord and tenant information.
3. Financial Terms: Define rent structure, operating expenses, and tenant’s responsibility for maintenance and insurance.
4. Premises Condition: Address premises delivery and any repair or environmental impact responsibilities.
5. Tenant Improvements: Clarify tenant’s obligations for making necessary improvements.
6. Utilities and HVAC: Discuss utility payments and tenant’s responsibility for HVAC maintenance.
7. Signage and Exclusive Use: Include provisions for signage installation and exclusive use rights.
8. Security Deposit and Brokerage: Specify security deposit amount and brokerage agreements.
9. Nonbinding Letter: Emphasize that the letter serves as a basis for negotiations and is nonbinding.

Facilitate a smooth lease negotiation process with our Letter of Intent template. Download it now to establish a clear understanding of the lease terms and move towards a successful lease agreement.