Use this template to create your own Letter of Intent regarding a lease of commercial business premises, setting out the understanding between the landlord and tenant regarding the terms and conditions which will be incorporated into the formal lease document. Key points of the letter include:

• The letter of intent ensures that all parties agree on the terms and conditions before a formal written agreement is entered into.
  
• The letter of intent is not a legal contract and is not legally binding, except as it relates to the negotiations between the parties.
  
• The letter sets out the proposed terms regarding rent, occupancy costs, early occupancy, parking, insurance, and other matters.

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