The Commercial Real Estate Letter Of Intent Template is a crucial preliminary document used in England and Wales when parties wish to formalize their initial understanding regarding a commercial property transaction. It serves as a roadmap for subsequent negotiations and typically precedes the formal contract or lease agreement. While generally non-binding, it demonstrates serious intent and typically includes key commercial terms, property details, financial arrangements, and proposed timelines. This document is particularly valuable in complex commercial property transactions where parties need to establish clear parameters before proceeding with detailed due diligence and formal contractual documentation.

1. Parties: Identification of buyer/tenant and seller/landlord with full legal names and addresses

2. Property Description: Detailed description of the property including address, title number, and relevant physical characteristics

3. Transaction Type: Clear statement of whether the intended transaction is a purchase, lease, or other arrangement

4. Commercial Terms: Proposed price/rent, payment structure, and key financial terms

5. Timeline: Proposed completion date and key milestone dates for the transaction

6. Non-Binding Statement: Clear statement that the LOI is subject to contract and non-binding except for specific provisions