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The Letter of Intent For Rental Property is a crucial preliminary document used in Indonesian real estate transactions when parties wish to formalize their initial understanding before committing to a full lease agreement. It serves as a roadmap for negotiations while allowing both parties to proceed with due diligence and further discussions. Typically used in both commercial and residential contexts, this document outlines key terms such as property details, proposed rental rates, intended lease duration, and any special conditions, while maintaining its generally non-binding nature under Indonesian law. The document must comply with the Indonesian Civil Code and relevant property regulations, particularly in areas concerning pre-contractual commitments and good faith negotiations. It's especially valuable in complex rental arrangements where parties need to establish clear intentions and parameters before investing significant time and resources in full lease negotiations.

1. Date and Addresses: The current date and complete addresses of both parties

2. Opening Salutation: Formal greeting and identification of the recipient

3. Subject Line: Clear indication that this is a Letter of Intent for Property Rental

4. Introduction of Parties: Full legal names and roles (prospective landlord/tenant) of the parties

5. Property Details: Specific description and address of the rental property

6. Commercial Terms: Proposed rental rate, duration, and payment terms

7. Timeline: Expected dates for lease execution and commencement

8. Due Diligence: Process and timeline for property inspection and document review

9. Non-Binding Nature: Statement clarifying the non-binding nature of the LOI, except for specified provisions

10. Closing and Signatures: Formal closing, signature blocks for both parties