Document background
The Commercial Lease Letter Of Intent Template is a crucial preliminary document in Australian commercial property transactions, designed to facilitate the transition from initial property interest to formal lease negotiations. This document is typically used when a prospective tenant has identified a suitable commercial property and wishes to formalize their interest while maintaining flexibility before committing to a binding lease agreement. The template captures essential commercial terms including proposed rent, tenure, and special conditions, while adhering to Australian property law principles and state-specific commercial leasing regulations. While predominantly non-binding, it may contain certain binding provisions such as confidentiality and exclusivity periods. The document serves as a foundational tool for lease negotiations, providing clarity on key terms while allowing parties to proceed with due diligence and detailed lease discussions.
