Commercial Lease Letter Of Intent Template

Disclaimer

The document provided is intended solely as a general example for informational purposes related to commercial leasing arrangements. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in real estate or commercial lease law. Laws and regulations may vary depending on the state or jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

Please note: This is a sample template of a Commercial Lease Letter of Intent. Slight modifications in wording are recommended to tailor it to specific circumstances.

Commercial Lease Letter of Intent Sample

Parties Involved:

Lessor: ABC Commercial Properties LLC
Address: 789 Business Road, Suite 300, Los Angeles, CA 90001

Lessee: XYZ Retail Group
Address: 456 Market Street, Los Angeles, CA 90012

Description of the Property:

The premises located at 123 Commerce Lane, Los Angeles, CA 90002, consisting of approximately 5,000 square feet of retail space, including access to common areas and fixtures as specified.

Proposed Terms:

The intended lease term is from __________ to __________. The proposed base rent is $10,000 per month, payable in advance on the first of each month via wire transfer or check.

Confidentiality:

Both parties agree to keep the terms and existence of this Letter of Intent confidential until a formal lease agreement is executed.

Due Diligence:

This Letter of Intent does not constitute a binding agreement but outlines the principal terms for negotiations. Both parties acknowledge that definitive lease documents are subject to further review and approval.

Additional Provisions:

• Both parties agree to work towards a mutually acceptable lease agreement based on the terms discussed herein.
• This document is non-binding and intended solely for discussion purposes.
• Parties shall conduct necessary inspections and due diligence before finalizing the lease.

Los Angeles, ______________________