Letter of Intent to Lease Commercial Space

Negotiate the lease for a business premises with this generic Letter of Intent to Lease Commercial Space.

The Letter of Intent (LOI) signals the parties' intention to proceed with the transaction, in order to allow certain work (such as tenant improvements) to get underway before the formal lease is signed.

The LOI is a vehicle by which the landlord and tenant can negotiate the terms of the finalized lease agreement, such as:

• square footage of the leased premises,
• permitted use of the space,
• compliance with zoning bylaws and obtaining of permits,
• the amount and payment dates of rent payments,
• the tenant's occupancy costs,
• early occupancy for completion of tenant improvements,
• landlord's work and tenant's work,
• parking access,
• insurance obligations,
• procedure for terminating the lease,
• confidentiality provisions,
• disclosure of broker representation.

The Letter of Intent to Lease Commercial Space is not a legal contract and is not legally binding, except as it relates to the negotiations between the parties. This is a generic template which is not country specific and can be used anywhere. For country-specific versions of this LOI, jump to the Letter of Intent Forms main page and find your country in the list.