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Commercial Lease Letter Of Intent Template
I need a Commercial Lease Letter of Intent Template for a retail space in Manchester city centre, with a proposed 10-year lease term starting March 2025, including specific provisions for shop fit-out works and an exclusivity period of 30 days.
1. Identification of Parties: Full legal names and addresses of both landlord and prospective tenant
2. Property Description: Detailed description of the premises including address and any relevant floor plans
3. Proposed Terms: Key commercial terms including rent, lease duration, and payment terms
4. Timeline: Expected dates for lease execution and commencement
5. Non-Binding Statement: Clear statement that the LOI is non-binding except for specific clauses
1. Due Diligence Period: Timeline and conditions for property inspection and document review period
2. Exclusivity Period: Terms and duration of exclusive negotiation rights between parties
3. Deposit Terms: Details of any required deposits or securities and payment conditions
1. Floor Plan: Preliminary plans showing the premises layout and dimensions
2. Space Plan: Proposed configuration of the space including any tenant improvements
3. EPC Certificate: Energy Performance Certificate details and ratings
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