A Letter of Intent to Lease Residential Property is commonly used in the Australian residential property market when a prospective tenant wishes to formally express interest in leasing a property before entering into a binding lease agreement. This document is particularly useful in competitive rental markets or when dealing with high-value properties where formal expressions of interest are expected. While primarily non-binding, it typically includes proposed key terms, timeline, and any special conditions. The document helps streamline the leasing process by establishing clear communication between parties and demonstrating serious intent. It's governed by Australian property law, with specific requirements varying by state/territory, and serves as a stepping stone toward a formal residential tenancy agreement. This type of document is especially valuable when either party needs to conduct due diligence or fulfill certain conditions before proceeding with a binding lease.

1. Date and Address Block: Formal letter heading including date and recipient's details

2. Opening Statement: Clear statement of intent to lease the specific property

3. Property Details: Precise identification of the property being considered

4. Proposed Key Terms: Overview of main terms including proposed lease duration, rent, and intended use

5. Timeline: Proposed timeline for negotiations and intended move-in date

6. Financial Capacity: Brief statement regarding ability to meet rental obligations

7. Next Steps: Outline of proposed process for moving forward

8. Non-Binding Nature: Clear statement that this is not a binding agreement except for specific terms

9. Closing and Signature: Formal closing, signature block and contact details