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Non Binding Letter Of Intent To Lease
"I need a Non-Binding Letter of Intent to Lease for a retail space in Singapore's Orchard Road area, with a proposed lease term of 3 years starting March 2025, including an exclusivity period of 30 days for negotiations."
1. Opening Statement: Date, parties involved, and property details
2. Non-Binding Declaration: Clear statement that the LOI is non-binding and does not create legal obligations except where explicitly stated
3. Proposed Terms: Key commercial terms including proposed rental, lease term, and property usage
4. Timeline and Process: Expected timeline for negotiation and formal lease execution
5. Closing and Signatures: Signature blocks, date, and contact information for both parties
1. Exclusivity Period: Terms regarding exclusive negotiation rights and duration
2. Confidentiality Provisions: Non-disclosure obligations regarding the negotiations and shared information
3. Due Diligence Process: Framework for property inspection and documentation review
4. Conditions Precedent: Any specific conditions that need to be met before proceeding with formal lease
5. Cost Allocation: Distribution of costs related to the lease preparation and due diligence
1. Property Floor Plan: Basic layout and dimensions of the premises
2. Proposed Lease Terms Summary: Detailed list of key commercial terms and conditions
3. Property Information Sheet: Technical specifications, facilities, and amenities of the property
4. Required Documentation List: List of documents required for due diligence and lease completion
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