Lease Letter of Intent
Complete the Consultative Form below and you'll receive a fully customized Commercial Lease LOI in just a few minutes (so good you'd think an actual attorney wrote it).
Download our Lease Checklist, which outlines the 20 most ignored and overlooked provisions that should be in your lease.
Watch the video and written tutorials to help you make critical business decisions
Learn why it's critical for you to create your own LOI (as opposed to just accepting the Landlord's version).
If you like this document, try out our other documents.
Download our Commercial Lease Checklist
This Checklist outlines the 20 most critical lease provisions to check before you sign your commercial lease. It can help you avoid millions of dollars in potential liability. Or better yet, get our Lease Letter of Intent (aka LOI) above that contains many of these same protections. You'll have specific language to add to your LOI as you negotiate with the landlord. Better to handle that negotiation before attorneys get involved!
$50 million dollar restaurant co-owner and business attorney talk what lease provisions you need to scale big.
They prepped big time for this interview!
Why have a Commercial Lease LOI?
Many commercial tenants simply sign the landlord-friendly lease presented, so long as the lease reflects the negotiated base rent and tenant improvement allowance. This is a big mistake! What happens if your business fails to perform as expected twelve months from now at this location? Under most landlord-friendly leases, the landlord can require you to stay put, even though your business is losing money. If you attempt to terminate, the lease will allow the landlord to accelerate the rent over the
the remaining lease term. If you still have 9 years left on the initial term, this means the landlord demanding you pay the rent owed over 9 years plus its attorneys' fees and collection costs. That could be millions in liability. You can avoid this bad result by negotiating a kick-out clause. Did you sign a personal guaranty? Did you limit it, by negotiating a release after a specified period or reducing your personal liability to a rolling 12 months? These are just a few of the lease terms that you should negotiate in your commercial lease. Our Commercial Lease Letter of Intent allows you take a strong position from the very beginning, before attorneys get involved. The Letter of Intent stage is the best place to negotiate these other non-economic terms. Once attorneys get involved, it becomes expensive and protracted. There's only one step left to take. Get a Lease LOI and experience the difference.