A Letter of Intent For Restaurant Lease is commonly used in Singapore's commercial property market as a preliminary step before entering into a formal lease agreement. It establishes the fundamental terms and demonstrates serious intent while allowing parties to negotiate details and conduct due diligence. The document typically includes proposed rental terms, property specifications, intended restaurant concept, and key conditions that must be met before proceeding to a formal lease. In Singapore's context, this document must consider various regulatory requirements including food establishment licensing, building codes, and zoning regulations.
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1. Date and Parties: Identification of intended landlord and tenant with full legal names and addresses
2. Property Details: Specific details of the premises including exact address, floor area, and permitted use
3. Commercial Terms: Key terms including proposed rental, tenure, security deposit, and payment terms
4. Restaurant Concept: Description of intended F&B concept, operating hours, and business model
5. Timeline: Expected dates for lease execution, handover, fit-out period, and commencement
6. Non-Binding Nature: Statement clarifying the non-binding nature of the LOI except for specific binding provisions
1. Exclusivity Period: Period during which parties agree not to negotiate with others for the same premises
2. Due Diligence: Timeline and scope for conducting property and business due diligence
3. Conditions Precedent: Prerequisites that must be fulfilled before proceeding with formal lease
4. Costs and Expenses: Allocation of costs related to lease preparation, due diligence, and professional fees
5. Confidentiality: Obligations regarding confidential information exchanged during negotiations
1. Floor Plan: Detailed layout drawing of the premises
2. Preliminary Design Concept: Basic renovation and fit-out plans for the restaurant
3. Required Approvals Schedule: List of licenses, permits and regulatory approvals needed for restaurant operation
4. Proposed Timeline: Detailed schedule of key dates and milestones
Relevant legal definitions
Premises
Permitted Use
Commencement Date
Term
Base Rent
Gross Floor Area
Trade Name
Security Deposit
Common Areas
Business Day
Food & Beverage Operations
Fitting Out Works
Operating Hours
Required Licenses
Service Charge
Building
Landlord's Fitting Out Guidelines
Property Manager
Condition Precedent
Exclusive Period
Letter of Offer
Formal Lease Agreement
Working Day
Goods and Services Tax
Utilities
Permitted Use
Commencement Date
Term
Base Rent
Gross Floor Area
Trade Name
Security Deposit
Common Areas
Business Day
Food & Beverage Operations
Fitting Out Works
Operating Hours
Required Licenses
Service Charge
Building
Landlord's Fitting Out Guidelines
Property Manager
Condition Precedent
Exclusive Period
Letter of Offer
Formal Lease Agreement
Working Day
Goods and Services Tax
Utilities
Clauses
Premises Description
Rental Terms
Lease Duration
Security Deposit
Permitted Use
Exclusivity
Due Diligence
Conditions Precedent
Licenses and Permits
Fit-Out Requirements
Timeline
Non-Binding Nature
Good Faith
Confidentiality
Operating Hours
Property Access
Utilities
Insurance Requirements
Environmental Compliance
Health and Safety
Termination
Costs and Expenses
Assignment
Governing Law
Time Sensitivity
Rental Terms
Lease Duration
Security Deposit
Permitted Use
Exclusivity
Due Diligence
Conditions Precedent
Licenses and Permits
Fit-Out Requirements
Timeline
Non-Binding Nature
Good Faith
Confidentiality
Operating Hours
Property Access
Utilities
Insurance Requirements
Environmental Compliance
Health and Safety
Termination
Costs and Expenses
Assignment
Governing Law
Time Sensitivity
Relevant Industries
Relevant Teams
Relevant Roles
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