Letters Of Intent And Lease Proposals

LA 737 Aggressively Pro-Tenant Letter Of Intent For Office Lease For Credit Tenant

This letter of intent for an office lease deal is for a credit tenant and, as one might expect, is extremely pro-tenant in tone. It is designed to be presented to the office landlord by the tenant's broker. It goes through virtually every facet of the lease transaction and specifies pro-tenant provisions that are to be incorporated into the lease after the letter of intent is signed.

Among other things, it give the tenant a renewal option at fair market rent, rights of first refusal on adjacent space, options for additional space, right to terminate the lease if the premises are not completed within a certain time period, moving expense reimbursement by the landlord, special cleaning obligations for the landlord at tenant move-in, right to repair and deduct from rent in favor of the tenant, etc. etc.

Number of Single Spaced Pages: 17

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