Commercial Lease Letter of Intent (LOI)

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Before the full lease, there's the deal. PaperKit drafts a proper commercial-lease Letter of Intent — the term sheet a landlord or broker and a prospective tenant sign to agree the key economics: premises & use, term, base rent + escalations, free rent, TI allowance, security deposit and a renewal option. It computes the annualized rent, total free-rent value and TI total for you. Pick whether it's non-binding, a binding LOI, or binding upon board/financing approval — and add an exclusivity / no-shop period. Hosted online for the tenant to review & e-accept. Clean PDF.

Landlord / broker (offeror)

Landlord / broker name *

Legal entity (optional)

Role

Signer name

Signer title

Email (optional)

Notice address (optional)

Prospective tenant (counterparty)

Business / tenant name

Entity type (optional)

Authorized signer

Signer title

Tenant email (optional)

Tenant phone (optional)

Binding effect

The big lever — it reframes whether this LOI is just an expression of intent or a commitment to proceed.

Premises & proposed use

Property address

Premises description

Rentable sq ft

Permitted use

Term

Target commencement

Term length

End date (optional)

Lease structure (optional)

Proposed rent & economics

Base rent

Rent period

Annual escalation (%)

Or custom escalation note

Free rent (months)

TI allowance ($/sq ft)

Security deposit

Renewal option (optional)

PaperKit computes the annualized base rent, total free-rent value and TI allowance total for you.

Exclusivity & closing termsInclude an exclusivity / no-shop period (binding)

Exclusivity period

Offer expires on (optional)

Governing law (optional)

Expenses / broker note (optional)

Additional terms (optional)

Live preview

A real, section-by-section commercial-lease letter of intent. The binding-effect choice drives the enforceability section. Publish to get a hosted link the prospective tenant can e-accept online.

Enter the landlord/broker name…

✨ PaperKit Pro

$9/mo — remove the DRAFT watermark + “Made with PaperKit” badge, unlimited clean-PDF LOIs, and Pro across every tool.

A letter of intent is a template for convenience, not legal advice, and (except where it is expressly made binding) is not a lease. PaperKit is not a law firm. Review the LOI and consult a qualified attorney.