Document 6434553

WorkSpace Commercial Real Estate, Inc.
Brokerage Services
15643 Sherman Way, Suite 150
Van Nuys, California 91406
(818) 373-6100 Tel
(818) 373-6105 Fax
Date:______________
[email protected]
www.workspacecommercial.com
Letter of Intent
This letter sets forth some of the basic terms and conditions under which Tenant would be interested in entering into
lease negotiations with regard to the referenced Property. It is intended solely and exclusively as a preliminary
expression of general intentions from _______________________________________________ “Tenant”, and
dated _________________________ in which Tenant has set forth its interest in leasing the subject Property.
PLEASE BE ADVISED THAT BOTH PARTIES (LANDLORD AND TENANT) MUTUALLY AGREE
THAT THIS LETTER IS NOT CONTRACTUALLY BINDING ON EITHER PARTY WITH RESPECT TO
THE MATTERS REFERRED TO HEREIN UNLESS AND UNTIL A FORMAL WRITTEN LEASE
AGREEMENT HAS BEEN FULLY EXECUTED AND DELIVERED BY BOTH PARTIES, WHICH MUST
BE IN FORM AND CONTENT SATISFACTORY TO EACH PARTY AND ITS COUNSEL IN THEIR
SOLE DISCRETION.
Property:
Address: _________________________________________________________
City / State/ Zip: __________________________________________________
Tenant:
Name: __________________________________________________________
Address: ________________________________________________________
City / State / Zip: _________________________________________________
Phone: __________________________ Fax: ___________________________
Email: __________________________________________________________
Premises:
Approximately __________ square feet, commonly known as Suite _________
of the above-referenced Property.
Use:
Premises will be used as ____________________________________________
________________________________________________________________.
Lease Term:
The initial proposed lease term is _________________________ years / months.
Commencement:
The lease will commence on ________________________________________.
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Letter of Intent
Base Rent:
First years base rent will be $____._______ per square foot per month.
Improvements:
Except for any provision negotiated to the contrary in the Lease or Addendum,
Tenant shall take possession of the premises in “AS-IS” condition. All
additional improvements, if any desired by Tenant, shall be made in accordance
with plans and specifications approved in writing by Landlord before the
commencement of the work (which consent shall not be unreasonably withheld
or delayed) and shall be given and all necessary governmental approvals and
permits, which permits and approvals and permits Tenant shall obtain at its sole
expense.
Parking:
Parking will be free of charge. Tenant Requests _________ spaces.
Signatories:
Lease will be signed by ____________________________________________.
Landlord’s Financial
Review:
Landlord’s acceptance of the proposed transaction shall be subject
to Landlord’s review and approval of the Tenant’s financial statements,
company and personal tax returns, credit report, application for lease, and other
pertinent information such as be reasonably required by Landlord.
Brokerage Commission:
Landlord and Tenant each represent that no real estate broker, finder or
intermediary has been consulted or used in connection with the Leasing of the
Property, except WorkSpace Commercial Real Estate, who shall be
compensated by Landlord pursuant to a separate agreement. WorkSpace
Commercial Real Estate will compensate any cooperating brokers per separate
co-brokerage agreement. Landlord and Tenant shall agree to indemnify and hold
each other harmless from and against any other brokerage commissions and
finder or intermediary fees claimed or owing by reason of said lease execution.
Confidentiality:
Landlord, Tenant, and their agents shall maintain the confidentiality of the
parties, terms, and conditions of this letter and the negotiations that may follow,
if any, from this date forth.
The above terms are the general business terms and conditions to be covered in the Lease, which will be
executed by the parties. Additional remaining terms of the Lease will be negotiated and must be acceptable to
both Landlord and Tenant.
This Letter is not intended to be a binding contract.
Should the terms and conditions of this Letter be acceptable, please indicate so by signing and returning this letter to
us no later than________________________________________________________________________________.
This letter supersedes letters, if any submitted at earlier dates and any and all other communications or discussions
whether oral, in writing, or on electronic format.
By: ___________________________________________________________ Date: _________________________
“Tenant”
Landlord hereby agrees to the terms and conditions of the Letter.
By: ___________________________________________________________ Date: _________________________
“Landlord”
Name: _________________________________________________________ Title: _________________________
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