Fillable Printable Letter Of Intent Template to Lease

Letter Of Intent Template to Lease

LETTER OF INTENT TO LEASE

This letter summarizes the basic economic terms, which will form the basis of a lease agreement. It is understood that

the final form of the lease is subject to review and approval by ____________________________________, Tenant

and __________________________________, Owner of the property at _______________________________ WI.

The major business terms are as follows:

Lessee:

Store Leased Area: Approximately _____ square feet

Use:

Term of Lease (Years):

Occupancy Date:

Rent Commencement Date:

Fixed Minimum Rent:

Real Estate Taxes:

Insurance:

Common Area Maintenance:

Signage: Exterior signs will be in compliance with all city codes.

Lessor Maintenance and Repair:

Tenant’s Maintenance and Repair:

Tenant’s Construction:

Lessor’s Construction:

Assignment of Lease: Only if approved by Lessor.

Disclaimer: The terms as outlined herein are not all-inclusive, but comprise a summary of the general business terms

for which a Lease Agreement could be drafted. Other terms, which are not included, are to be negotiated. The parties

mutually agree that neither shall have any binding contractual obligations to the other with respect to the matters

referenced herein, unless and until a formal written Lease Agreement has been prepared with adequate opportunity to

be reviewed by legal counsel or either party’s authorized representative, and has been fully executed and delivered by

the parties.

Submitted this ____ day of _______________ 200_ by:_______________________________ (Tenant)

If this letter is acceptable, please so indicate by signing and returning the enclosed copy.

Accepted this _____ day of ______________________ 200_ by:_______________________ (Owner/Lessor)

This letter of intent was drafted by ___________________ of Opitz Realty, Inc.

Rough Draft Form for Letter of Intent