The Preliminary Lease Agreement is a crucial document in U.S. real estate transactions, serving as an intermediate step between initial interest and final lease execution. It is particularly useful in complex commercial leasing situations or when significant due diligence is required before finalizing a lease. This document typically comes into play when parties have agreed on basic terms but need time to investigate the property, negotiate details, or arrange financing. The agreement includes proposed lease terms, due diligence periods, and conditions for moving forward to a final lease, while being governed by both federal and state-specific property laws. A Preliminary Lease Agreement provides protection for both parties by documenting their intentions and commitments while maintaining flexibility for final negotiations. It's commonly used in both commercial and residential contexts, though more frequently in commercial real estate transactions where more complex terms and conditions need to be negotiated.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the landlord/lessor and tenant/lessee with full legal names and addresses
2. Background: Context of the agreement and brief description of the property and intended lease arrangement
3. Definitions: Key terms used throughout the agreement defined for clarity
4. Property Description: Detailed description of the property to be leased, including address and basic specifications
5. Proposed Lease Terms: Basic terms including proposed duration, rent amount, and payment terms
6. Due Diligence Period: Timeline and conditions for property inspection and review of documents
7. Deposit Terms: Amount and conditions of any preliminary deposit or earnest money
8. Path to Final Agreement: Process and timeline for negotiating and executing the final lease agreement
9. Binding Effect: Extent to which the preliminary agreement is legally binding
10. Termination Rights: Conditions under which either party may terminate the preliminary agreement
11. Governing Law: Specification of applicable state law and jurisdiction
12. Signatures: Execution block for all parties
1. Broker Representation: Details of any real estate brokers involved and their roles, include if brokers are part of the transaction
2. Exclusive Negotiating Period: Terms preventing the landlord from negotiating with other potential tenants, include if exclusivity is required
3. Preliminary Services: Any services or access needed before the final lease execution, include if early access is required
4. Confidentiality: Terms regarding confidential information shared during negotiations, include for commercial leases
5. Cost Allocation: Assignment of costs for due diligence and document preparation, include if significant costs are expected
6. Existing Tenant Provisions: Terms related to current tenant vacation, include if property is currently occupied
7. Construction or Improvement Provisions: Preliminary terms for any required modifications, include if property improvements are planned
1. Schedule A - Property Details: Detailed description of the property, including floor plans and specifications
2. Schedule B - Proposed Commercial Terms: Outline of key commercial terms to be included in the final lease
3. Schedule C - Due Diligence Requirements: List of documents and information to be provided during due diligence
4. Schedule D - Timeline: Key dates and deadlines for the preliminary agreement and path to final lease
5. Appendix 1 - Property Photos: Current photographs of the property condition
6. Appendix 2 - Required Disclosures: Any mandatory state or federal property disclosures
Find the exact document you need
Building Sale Agreement
A legally binding U.S. contract documenting the terms and conditions of a building sale transaction between seller and buyer.
Download
Preliminary Lease Agreement
A U.S.-governed preliminary agreement establishing key terms and conditions for a future lease arrangement, subject to federal and state-specific real estate laws.
Download
Bank Pre Approval Letter
A U.S. banking document providing preliminary loan approval based on initial financial review, subject to federal banking regulations and final verification of conditions.
Download
Pre Contract Agreement Property Purchase
A preliminary non-binding agreement outlining terms and conditions for a proposed property purchase in the United States, setting the framework for due diligence and final negotiations.
Download
Mortgage Pre Approval Letter
A U.S.-compliant formal document from a lending institution indicating preliminary approval for a specific mortgage amount based on initial financial assessment.
Download
Preliminary Contract
A U.S.-governed preliminary agreement that establishes the framework and key terms for a potential transaction while distinguishing between binding and non-binding provisions.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)