Professional Property Letter of Intent
[YOUR NAME]
[YOUR ADDRESS]
[YOUR EMAIL]
October 4, 2055
Bennie Goodwin
MasterEdge
Miami, FL 33103
Dear Bennie Goodwin,
I am writing to express my interest in leasing the commercial property located at Santa Ana, CA 92701 and to present this Letter of Intent outlining the proposed terms and conditions for consideration. I believe this property serves as a strategic fit for my business, [Your Company Name], and I am eager to move forward in negotiating a formal lease agreement.
Outlined below are the key terms I wish to propose:
Lease Term: 5 years
Commencement Date: January 1, 2056
Base Rent: $30 per square foot annually
Security Deposit: $20,000
Tenant Improvements: Propose up to $50,000 in tenant improvements, with costs split equally between landlord and tenant
Renewal Options: Option to renew for an additional 5-year term at fair market value
It is my intention to formalize a mutually beneficial agreement that accommodates both parties' interests. Upon your review of this Letter of Intent, I am open to further discussions to negotiate the specific terms and conditions more thoroughly.
Please note that this Letter of Intent is non-binding and solely serves as a basis to facilitate ongoing discussions in forming a definitive agreement. I look forward to your positive response and collaborating further to reach a successful agreement.
Thank you for considering my proposal. Please feel free to contact me at your earliest convenience to discuss this matter further.
Sincerely,
[YOUR NAME]
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