Letter of Intent Provisions
The Letter of Intent provisions normally include the following in this order:
(Please consult the Lease Terms Definition section of this website for definitions)
Landlord and Tenant name address, phone and
Address of the proposed location to be leased.
Site Plan identifying the proposed location.
Term of the lease and date it is over.
Base rent amount stated in psf, monthly and
Build out time defined.
Rent commencement date.
Option dates with rents noted.
Percentage rent amount and breakpoint figure.
Pro-rata charge defined: CAM, Taxes, Insurance.
Improvements landlord will provide.
Tenant improvement allowance landlord will
provide to assist in build-out.
Projection turnover to tenant date for new
No Relocation language.
No mandated landlord advertising.
Personal guarantee provision.