Letter Of Intent For Restaurant Lease Template for Germany

A Letter of Intent for Restaurant Lease is typically used in the initial stages of commercial lease negotiations in Germany when a prospective tenant has identified a suitable location for their restaurant operations. This document serves as a framework for further negotiations, outlining key commercial terms while maintaining flexibility for both parties. It includes essential elements such as property description, proposed rental terms, intended use, and timeline for finalizing the lease agreement. While predominantly non-binding, certain provisions like confidentiality and exclusivity periods are typically enforceable. The document must comply with German commercial property laws and pre-contractual obligations (culpa in contrahendo), while considering specific requirements for restaurant premises under German law. It's particularly useful for complex restaurant lease arrangements where detailed negotiations are anticipated before finalizing a binding lease agreement.

1. Identification of Parties: Full legal names and addresses of both the prospective landlord and tenant

2. Property Description: Detailed description of the restaurant premises, including exact location, size, and any included facilities

3. Proposed Commercial Terms: Key financial terms including proposed rent, deposit, and payment terms

4. Intended Use: Specific description of the intended restaurant operation and any restrictions

5. Timeline: Proposed timeline for lease negotiation, execution, and commencement

6. Non-Binding Nature: Clear statement that the LOI is non-binding except for specified provisions

7. Confidentiality: Binding confidentiality obligations regarding the negotiations and shared information

8. Exclusivity Period: Period during which the landlord will negotiate exclusively with the prospective tenant