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A residential lease letter of intent is used to show a potential tenant's desire to sign a binding lease agreement. If you're in the process of searching for commercial real estate or negotiating a commercial lease, you will need access to a letter of intent to start negotiating with Landlords and Sellers of commercial property. Denoted as "LOI" or "LoI," letter of intent is a document that outlines the arrangement of two or more parties.
PandaTip: A letter of intent is a legal document outlining the major terms of an agreement between two parties, in advance of actually entering into.
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It is always good to have a copy of the terms agreed upon by. Use our Letter of Intent to declare your intention to purchase a good or service. Build your free Letter of Intent using our guided template to showcase both parties' willingness to continue negotiations in good faith.