A Proposal To Lease Commercial Space is a preliminary document used in the English and Welsh commercial property market to initiate lease negotiations. It typically precedes the formal heads of terms and lease agreement, serving as a structured way to present initial lease terms and conditions. This document is particularly important in commercial real estate transactions as it helps establish clear expectations and forms the foundation for subsequent negotiations. The proposal typically includes detailed information about the property, proposed commercial terms, timeline for occupation, and any specific requirements or conditions from either party.
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1. Property Details: Full description of the premises including address and any relevant floor plans
2. Proposed Terms: Key commercial terms including rent, lease length, and break options
3. Permitted Use: Specified use class and permitted activities
4. Timeline: Proposed dates for lease completion and occupation
5. Financial Requirements: Rent, deposit, and other financial obligations
1. Fit-out Proposals: Details of any tenant improvements or alterations, include when significant modifications are planned
2. Service Charge Estimates: Include when the property is part of a larger development or building
3. Parking Arrangements: Include when parking spaces are part of the proposal
1. Floor Plans: Detailed plans showing the premises and measurements
2. EPC Certificate: Current energy performance certificate
3. Photos: Current photographs of the premises
4. Draft Heads of Terms: Initial outline of key lease terms
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