NON BINDING LETTER OF INTENT TO LEASE

Date: _________________________________
To: _________________________________________________ (Landlord)
From: _______________________________________________ (Tenant)
Re:

Letter of Intent to Lease

Dear _________________________:
This correspondence shall serve as a Non-binding Letter of Intent to lease the property located at
_______________________________________________.
Proposed Terms and Conditions:
Property:

Legal Description:____________________________________________
Municipal Address:___________________________________________
Demised Premises:___________________________________________

Intended Use:

__________________________________________________________________
__________________________________________________________________

Lease Term:

Primary term of the Lease to be _____________ (__) years commencing on

____________, 20__ or upon completion of the premises construction or
Tenants improvements the later of which shall be the determining date. Tenant to
be granted ___ renewal options each for a period of ___________ (__) years.

Property Access:

Tenant to have full and complete access to the Property ______ (__) days prior to
Lease Commencement date in order for Tenant to initiate and complete Tenant
improvements necessary for the intended use of the premises.

Lease Rate:

Year(s)

$/Sq. Ft. Per Year

Monthly Rent

__________

______________________

___________________

__________

______________________

___________________

__________

______________________

___________________
Rev. 3/2012

Deposit:

A deposit check in the amount equal to the first months rent shall accompany the
executed Lease Agreement.

Expenses:

The following details the party responsible for the respective expenses:
(Tenant / Landlord)

A. Electricity (Demised Premises):

________________

B. Electricity (Exterior security lighting):

________________

C. Water / Sewer:

________________

D. Gas:

________________

E. Janitorial:

________________

F. Trash Removal (Exterior grounds/dumpster):

________________

G. Driveways/Yard/Grass etc.:

________________

H. Roof / Structural Maintenance:

________________

I. Interior/Exterior Maintenance:

________________

J. Window Washing:

________________

K. Liability Insurance:

________________

L. Property/Fire & Extended Coverage Insurance:

________________

M. Ad Valorem Taxes:

________________

N. Property Taxes:

________________

O. Locks/Keys:

________________

P. ____________________________

________________

Q. ____________________________

________________

R. ____________________________

________________

HVAC:

Landlord to insure that all HVAC systems are in good working condition prior to
occupancy by Tenant. Thereafter, for a period of ____days (___) days from date
of occupancy, Landlord shall be responsible for any necessary repairs and/or
replacement of said systems.

Electrical/Plumbing: Landlord to insure that all existing electrical system(s) and plumbing system(s)
are in good working condition prior to occupancy by Tenant. Landlord to warrant
all plumbing for 60 days from lease commencement. Thereafter Tenant shall be
solely responsible for all plumbing systems, however, Tenant shall only be
responsible for plumbing above the slab. After lease commencement, Tenant
shall be responsible for all electrical systems.

Rev. 3/2012

Permits:

Lease Agreement is contingent upon Tenant obtaining all necessary permits to

include occupancy, zoning, etc. necessary for operating Tenants intended
business.

Signage:

Tenant to be responsible for any new signage in front of the leased Property.
Landlord shall be responsible for the removal of any unwanted existing signage.

Environmental:

Tenant shall not be responsible for any existing contamination at the site.
Although Tenant does not anticipate environmental problems, Tenant will require
copies of whatever environmental information that the Landlord may have to
assist in the environmental evaluation of the Property prior to Lease execution.

ADA Compliance:

If required by Louisiana or Federal law, Landlord shall be responsible for the

property complying with ADA regulations for restrooms and property access.

Tenant:

__________________________________ (Name/Title)
__________________________________(Company)
__________________________________ (Address)
__________________________________
__________________________________ (E-mail address)
__________________________________ (Work Phone)
__________________________________ (Cell Phone)

Lease Agreement:

Lease Agreement shall be provided by the Landlord.

Non-Binding:

This Letter of Intent is completely non-binding and has no effect on either party
whatsoever until a Lease Agreement has been fully executed by both Tenant and
Landlord.

Agency:

Landlord and Tenant acknowledge and accept that the undersigned,

___________________________ is the Designated Listing Agent for the
Landlord and ___________________________is working as the Designated
Buyers Agent for the Tenant. The parties agree that no other agents and/or
brokers are involved in this transaction or entitled to any fees or commissions in
connection with the transaction contemplated herein.

Rev. 3/2012

Brokerage:

Landlord agrees to pay a brokerage fee of a minimum of ________ percent

(____ %) of the scheduled gross lease value to ___________________________
_________________________________. Commission is due and payable at
Lease Execution. Landlord also agrees to pay a brokerage fee of _______ percent
(____ %) based upon the gross scheduled lease value on any expansions of the
lease as well as _________ percent (____%) of the scheduled gross lease value on
any extensions, options or renewals of the Lease Agreement.

Each party shall keep confidential all of the provisions of this Letter of Intent and all information each
party obtains regarding the other party. Landlord shall not offer subject property to any other
prospective tenant during the term of this Letter of Intent. This Letter of Intent supersedes any and all
previous negotiations between Landlord and Tenant, whether written or verbal.
If the above terms and conditions are acceptable, please indicate in the appropriate space provided and
provide a formal Lease Agreement for Tenants review within ten (10) days of the acceptance date of
this Letter of Intent. This proposal shall be valid until ____________________, 20____ at 5:00pm.

Sincerely,

Agreed to and Accepted:

TENANT(S):

LANDLORD:

____________________________________
Signature
Date

____________________________________
Signature
Date

____________________________________
Printed Name/Title

____________________________________
Signature
Date

____________________________________
Printed Name/Title

____________________________________
Printed Name/Title

____________________________________
Signature
Date

____________________________________
Printed Name/Title

Rev. 3/2012