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Letter Of Intent To Lease Commercial Property
"I need a Letter of Intent to Lease Commercial Property for a retail space in Manchester city centre, where my company intends to open a flagship store from March 2025, with specific requirements for store fit-out and a six-month rent-free period during initial renovations."
1. Party Details: Full legal names and addresses of both landlord and prospective tenant
2. Property Description: Detailed description of the commercial property, including address and any relevant floor plans
3. Proposed Terms: Key commercial terms including rent, lease duration, and anticipated start date
4. Non-Binding Statement: Clear statement regarding the non-binding nature of the LOI (except for any specifically binding provisions)
5. Timeline: Expected timeline for lease negotiation and completion
1. Exclusivity Period: Period during which the landlord agrees not to negotiate with other potential tenants
2. Deposit Details: Any initial deposit or security requirements
3. Conditions Precedent: Specific conditions that must be met before proceeding
4. Confidentiality Provisions: Terms regarding confidentiality of negotiations
1. Floor Plan: Preliminary floor plan of the premises
2. Draft Heads of Terms: Detailed commercial terms for the proposed lease
3. EPC Certificate: Current Energy Performance Certificate for the property
4. Property Information: Additional property details, specifications, or photographs
Authors
Tenant
Property
Premises
Proposed Lease
Term
Commencement Date
Completion Date
Rent
Permitted Use
Binding Provisions
Non-Binding Provisions
Exclusivity Period
Break Date
Rent Review Date
Service Charge
Business Day
Planning Permission
Landlord's Works
Tenant's Works
Security Deposit
Guarantor
Building
Common Parts
Initial Rent Free Period
EPC Rating
Planning Use Class
Professional Advisers
Working Hours
Lease Code
Property Description
Commercial Terms
Proposed Rent
Lease Duration
Permitted Use
Exclusivity
Confidentiality
Due Diligence
Condition of Property
Assignment and Subletting
Alterations and Improvements
Service Charges
Insurance
Repair and Maintenance
Break Options
Rent Review
Security Requirements
Professional Costs
Timelines
Governing Law
Termination Rights
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