Document background
The LOI Commercial (Real Estate) agreement is essential for any commercial property lease transaction in Belgium. This document is required when establishing a commercial tenancy relationship and must comply with the stringent requirements of Belgian law, particularly the Commercial Lease Act of 1951. It is used when a property will be primarily used for commercial, retail, or professional activities, providing security of tenure through a mandatory minimum nine-year term. The agreement covers comprehensive aspects of the landlord-tenant relationship, including financial terms, maintenance obligations, use restrictions, and termination rights. It must be drafted with consideration of both federal Belgian legislation and regional regulations (Brussels, Flanders, or Wallonia), and requires mandatory registration with tax authorities. The document serves as the primary reference point for managing the ongoing commercial property relationship and resolving any disputes that may arise.
