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    Non Binding Letter of Intent To Lease Free PDF

    Uploaded by

    River House
    This non-binding letter of intent outlines proposed terms for a lease between a landlord and tenant. It includes details such as the demised premises, a primary lease term of [NUMBER] years with [NUMBER] renewal options of [NUMBER] years each. The proposed monthly rent amounts and security deposit are also specified. Responsibility for expenses like utilities, maintenance and insurance is allocated. The letter states that a formal lease agreement conforming to these terms will be provided within 10 days for tenant review.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Non Binding Letter of Intent To Lease Free PDF

    Uploaded by

    River House
    151 views3 pages
    This non-binding letter of intent outlines proposed terms for a lease between a landlord and tenant. It includes details such as the demised premises, a primary lease term of [NUMBER] years with [NUMBER] renewal options of [NUMBER] years each. The proposed monthly rent amounts and security deposit are also specified. Responsibility for expenses like utilities, maintenance and insurance is allocated. The letter states that a formal lease agreement conforming to these terms will be provided within 10 days for tenant review.

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    Original Title

    Non-Binding-Letter-of-Intent-to-Lease-Free-PDF

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    This non-binding letter of intent outlines proposed terms for a lease between a landlord and tenant. It includes details such as the demised premises, a primary lease term of [NUMBER] years with [NUMBER] renewal options of [NUMBER] years each. The proposed monthly rent amounts and security deposit are also specified. Responsibility for expenses like utilities, maintenance and insurance is allocated. The letter states that a formal lease agreement conforming to these terms will be provided within 10 days for tenant review.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    151 views3 pages

    Non Binding Letter of Intent To Lease Free PDF

    Uploaded by

    River House
    This non-binding letter of intent outlines proposed terms for a lease between a landlord and tenant. It includes details such as the demised premises, a primary lease term of [NUMBER] years with [NUMBER] renewal options of [NUMBER] years each. The proposed monthly rent amounts and security deposit are also specified. Responsibility for expenses like utilities, maintenance and insurance is allocated. The letter states that a formal lease agreement conforming to these terms will be provided within 10 days for tenant review.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    The document outlines a proposed non-binding letter of intent for a commercial lease. It includes details such as the lease term, rent amounts, security deposit, responsibilities for utilities and maintenance, and brokerage fees.

    The proposed lease terms include the lease term and options to renew, rent amounts for the initial term and options, security deposit due upon lease signing, and contingencies such as the tenant obtaining necessary permits.

    The landlord is responsible for HVAC, plumbing, and ADA compliance. The tenant is responsible for electrical, plumbing above the slab, and interior/exterior maintenance. The landlord warrants plumbing and HVAC for 60 days.

    NON BINDING LETTER OF INTENT TO LEASE

    (Date)

    _______________________
    _______________________
    _______________________
    _______________________

    Re: Letter of Intent to Lease


    ___________________
    ___________________

    Dear _______________:

    Per our conversation, this correspondence shall serve as a Non-binding Letter of Intent to lease the property
    located at ___________________________________

    Proposed Terms and Conditions:

    Property: Legal Description:

    Municipal Address:

    Demised Premises:

    Lease Term: Primary term to be _____________ (__) years effective ______, 200_
    or upon completion of the premises or Tenants occupancy the later of
    which shall be the determining date. Tenant to retain ___ renewal
    options each for a period of ____ (_) years.

    Property Access: Tenant to have full and complete access to the Property ______ (___)
    days prior to Lease Commencement date in order for Tenant to
    initiate and complete Tenant improvements necessary for the intended
    use of the premises.

    Lease Rate: $________ per month for the first _____ (_) years of the primary
    term. Rent for years _____ of the primary term shall be $________
    per month. Rent for option period to be $________ per month.

    Deposit: A deposit check in the amount equal to the first months rent shall
    accompany the executed Lease Agreement.

    Expenses: The following details the party responsible for the respective
    expenses:

    337886-1
    (Tenant / Landlord)
    A. Electricity (Demised Premises):
    B. Electricity (Exterior security lighting):
    C. Water / Sewer:
    D. Gas:
    E. Janitorial:
    F. Trash Removal (Exterior grounds/dumpster):
    G. Driveways/Yard/Grass etc.:
    H. Roof / Structural Maintenance:
    I. Interior/Exterior Maintenance:
    J. Window Washing:
    K. Liability Insurance:
    L. Property/Fire & Extended Coverage Insurance:
    M. Ad Valorem Taxes:
    N. Property Taxes:
    O. Plate Glass:
    P. Locks/Keys:

    H/VAC: Landlord to insure that all H/VAC systems are in good working
    condition prior to occupancy and shall, for a period of ____days (___)
    days from date of occupancy, be responsible for any repair and/or
    replacement necessary.

    Electrical / Plumbing: Landlord to insure that all existing electrical system(s) and plumbing
    system(s) are in good operating condition prior to occupancy.
    Thereafter Tenant shall be solely responsible for all Electrical &
    Plumbing systems (Tenant responsible only for plumbing above the
    slab. Landlord to warrant all plumbing for 60 days from lease
    commencement)

    Permits: Lease Agreement is contingent upon Tenant obtaining all necessary


    permits to include occupancy, zoning etc. necessary for operating the
    intended business.

    Signage: Tenant to be responsible for any new signage in front of the leased
    ,Property however Landlord shall be responsible for the removal of
    any unwanted existing signage.

    Environmental: Tenant cannot be responsible for any existing contamination at the


    site. Although Tenant does not anticipate environmental problems,
    Tenant will require copies of whatever environmental information
    that the Landlord may have to assist in the environmental evaluation
    of the Property prior to Lease execution.

    ADA Compliance: If required by Louisiana or Federal law, Landlord shall be responsible


    for the property to comply with ADA regulations for restrooms and
    property access.

    Tenant _____________________(address)
    _______________________________
    _______________________________
    _____________________(e-mail address)

    337886-1
    _____________________( Work Phone)
    _____________________ (Cell Phone)
    Intended Use:

    Lease Agreement: Lease Agreement shall be provided by the Landlord.

    Non-Binding: This Letter of Intent is completely non-binding and has no effect on


    either party whatsoever until a Lease Agreement has been fully
    executed by both Tenant and Landlord.

    Agency: Landlord and Tenant acknowledge and accept that the undersigned,
    ________________(Agent), as the Designated Listing Agent for the
    Landlord is working as a ___________ Agent as provided for in the
    attached Disclosure and Consent forms.

    Brokerage: Landlord agrees to pay a brokerage fee of a minimum of ________


    percent (____%) of the scheduled gross lease value to
    _________________________________. Commission is due and
    payable at Lease Execution. Landlord also agrees to pay a brokerage
    fee of _______ percent (____%) based upon the gross scheduled lease
    value on any expansions of the lease as well as ____% of the
    scheduled gross lease value on any extensions, options or renewals of
    the Lease Agreement.

    Each party shall keep confidential each of the provisions of this Letter of Intent and all information each
    party obtains regarding the other party, and Landlord shall not offer subject property to any other
    prospective tenant during the term of this Letter of Intent. This Letter of Intent supersedes any and all previous
    negotiations with Tenant, whether written or verbal.

    If the above terms and conditions are acceptable, please indicate in the appropriate space provided and provide
    a formal lease agreement for the Tenants review within ten (10) days of the acceptance date of this Letter of
    Intent. Please consider this proposal valid until 5:00pm, ______________________________.

    Sincerely,

    Agreed to and Accepted:

    TENANT LANDLORD

    ____________________ ____________________

    by: Date by: Date

    337886-1

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