A Letter of Intent to Lease Commercial Property is a typed or handwritten statement prepared by the landlord or the property manager that informs the prospective tenant of the commercial premises about rental conditions and their expiration date. This document serves as a basis for the contract the parties eventually sign to outline the lease - it helps to advance the process of negotiations and lets the potential landlord and tenant know each other's expectations better. If the individual or company agrees to become the tenant and accepts the terms and conditions indicated in the Letter of Intent, they may sign it and give it to the letter writer to confirm their decision to enter into a lease.
You may find a Letter of Intent to Lease Commercial Property template through the link below. If you are looking to buy residential property for yourself and your family and the seller wants you to commit to a proposed transaction, prepare a Letter of Intent to Purchase Real Estate - this written declaration will allow you to acknowledge the terms of the deal and begin the drafting of a legally binding purchase and sale agreement.
Follow these steps to compose a Commercial Property Lease Letter of Intent:
Check out these related letter templates: