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Document Id : 6343
File Type : Microsoft Word
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USA Letter of Intent to Lease Commercial Space
Negotiate the lease of a business premises in the United States before drawing up a formal lease document with this USA Letter of Intent to Lease Commercial Space.
The Letter of Intent itself is not a legal contract. Its purpose is to ensure that both the landlord and the proposed tenant have the same understanding of the lease terms discussed, such as:- square footage of the leased premises,
- allowed use of the space,
- compliance with zoning bylaws and obtaining of permits,
- the amount and payment dates of rent payments,
- the tenant's occupancy costs,
- early occupancy for completion of tenant improvements,
- landlord's work and tenant's work,
- parking access,
- insurance obligations,
- procedure for terminating the lease,
- confidentiality provisions,
- disclosure of broker representation.
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