Sample Letter of Intent for Lease Agreement
A letter of intent for a lease agreement is a document that outlines the basic terms and conditions that a tenant and landlord agree to before entering into a lease agreement. It is an important document that sets the tone for negotiations and helps to ensure that both parties are on the same page.
Here is a sample letter of intent for a lease agreement:
[Your Name]
[Your Address]
[City, State ZIP Code]
[Date]
[Landlord’s Name]
[Landlord’s Address]
[City, State ZIP Code]
Dear [Landlord’s Name],
I am writing to express my interest in leasing the property located at [Property Address] for a period of [Lease Term]. I have reviewed the property and feel that it is an ideal location for my business.
As we begin to negotiate the terms of the lease, I would like to outline some of the key terms that I am looking for:
1) Rent: The monthly rent for the property should not exceed [Rent Amount]. This amount is within my budget and I believe is fair for the property.
2) Security Deposit: I am willing to provide a security deposit equal to [Security Deposit Amount] to ensure that the property is taken care of and any damages are covered.
3) Lease Term: I am looking to enter into a lease agreement for a period of [Lease Term Length]. This will give me enough time to establish my business at the location and ensure that it is a good fit for me.
4) Renewal Option: I would like to have the option to renew the lease at the end of the initial term. This will give me the flexibility to continue to use the property if my business is successful.
5) Maintenance and Repairs: As the tenant, I will be responsible for the maintenance and repairs of the property. However, I would like to have the option to deduct any expenses related to repairs from the rent.
If you agree to these terms, I would be happy to proceed with the lease agreement. Please let me know if you have any questions or concerns.
Thank you for your time and consideration.
Sincerely,
[Your Name]
In conclusion, a letter of intent for a lease agreement is a crucial document that helps to establish the basic terms and conditions of a lease agreement. As a tenant, it is important to clearly outline your expectations and requirements in order to ensure that both parties are on the same page. By following the sample letter of intent provided, tenants can help to ensure that their lease agreements are fair, reasonable, and mutually beneficial.