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The Letter Of Intent Rental is a crucial preliminary document used in Pakistani real estate transactions to establish the initial framework for a potential lease agreement. It is typically employed when parties have reached a general understanding but need to formalize their intentions before proceeding with a full lease agreement. This document outlines key commercial terms, conditions, and timelines while providing a structured approach to negotiations. In the Pakistani jurisdiction, where property transactions are governed by both federal and provincial laws, the LOI helps parties navigate the preliminary stages of a lease transaction while maintaining flexibility. It's particularly valuable in commercial leasing scenarios where detailed due diligence and complex negotiations may be required before finalizing a binding lease agreement.

1. Opening Salutation: Formal business letter opening, including date, addressee details, and reference number if applicable

2. Introduction of Parties: Clear identification of the prospective landlord and tenant, including full legal names, addresses, and any relevant registration numbers

3. Expression of Intent: Clear statement of intention to enter into a lease agreement, subject to terms and conditions

4. Property Details: Specific description and address of the property to be leased

5. Key Commercial Terms: Essential rental terms including proposed rent amount, security deposit, duration of lease

6. Timeline: Proposed timeline for negotiation, documentation, and execution of the final lease agreement

7. Conditions Precedent: Any conditions that must be met before proceeding with the final lease agreement

8. Non-Binding Statement: Clear statement regarding which provisions are binding and non-binding

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