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The Letter of Intent to Renew Commercial Lease is a crucial business document used in the Philippine real estate market when a commercial tenant wishes to formally communicate their intention to renew their existing lease agreement. This document is typically prepared and sent several months before the current lease expires, in accordance with the notice periods specified in the original lease agreement. It serves as a preliminary step in the renewal process, allowing both parties to begin negotiations while operating under Philippine commercial law. The letter should include references to the existing lease, current terms, proposed modifications, and timeline for finalizing the renewal. While not legally binding, it demonstrates professional courtesy and commitment to continuing the landlord-tenant relationship. The document is particularly important in Philippine business culture, where formal written communication is highly valued in commercial relationships.

1. Header and Date: Formal business letter header including sender's details, recipient's details, and date

2. Subject Line: Clear indication that this is a Letter of Intent to Renew Commercial Lease for the specific property

3. Reference to Current Lease: Details of the existing lease agreement including date, parties, and property description

4. Statement of Intent: Clear expression of intention to renew the lease

5. Proposed Terms: Key terms for renewal including proposed duration and any modifications to existing terms

6. Timeline: Proposed timeline for negotiation and execution of renewal

7. Contact Information: Details for further communication and negotiations

8. Closing: Formal closing, signature block, and title of signatory