Commercial Lease Letter Of Intent Template – US

Notice

The information provided here serves as a general template intended for proposals regarding commercial leasing arrangements. It is not legal advice and should not replace consultation with a qualified attorney experienced in real estate or contract law. Regulations and requirements may differ across jurisdictions, and modifications may be necessary to ensure full compliance. The responsibility for using this example rests with the user, and no liability is assumed for errors, omissions, or outcomes resulting from its use without professional guidance.

Please note: This is a sample Commercial Lease Letter of Intent template, provided here for illustrative purposes only. Actual terms and language may vary based on specific negotiations and legal requirements.

Commercial Lease Letter of Intent Sample

Parties Involved:

Landlord: ABC Properties LLC
Address: 123 Main Street, New York, NY 10001

Tenant: XYZ Corporation
Address: 456 Broadway, New York, NY 10012

Property Details:

The premises intended for lease are located at 789 Commerce Avenue, New York, NY 10003, or any designated space as mutually agreed upon in subsequent negotiations.

Proposed Lease Terms:

This Letter of Intent indicates the mutual interest of the parties to negotiate and execute a lease agreement for a term of 12 months, commencing on ____________________, at a base rent of $____ per month, payable in accordance with customary lease provisions.

Parties’ Intent and Conditions:

This letter is non-binding and subject to the preparation and execution of a definitive lease agreement containing customary terms and conditions. Both parties agree to negotiate in good faith to reach a formal lease document.

Governing Law:

This Letter of Intent shall be governed by the laws of the State of New York. Any disputes arising from this document shall be resolved within the courts of New York County.

Additional Provisions:

• Both parties acknowledge that this is a preliminary document and does not constitute a binding lease agreement.
• Preliminary terms outlined herein are subject to change upon further negotiations.
• The parties agree to work diligently toward executing a formal lease agreement within 30 days.

New York, ______________________