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Commercial Lease Letter Of Intent
"I need a Commercial Lease Letter Of Intent for a retail space in Singapore's Orchard Road area, approximately 2,000 square feet, with a proposed lease term of 3 years starting March 2025, including an option to renew for two additional years."
1. Property Details: Specific description of the premises including address, floor area, and permitted use
2. Commercial Terms: Rental rate, lease period, security deposit, and payment terms
3. Key Dates: Proposed commencement date, handover date, and validity period of the LOI
4. Basic Obligations: FuNDAmental responsibilities of both landlord and tenant
5. Conditions Precedent: Key conditions that must be met before proceeding with the formal lease
1. Fitting Out Works: Details of renovation or modification requirements and conditions for premises alterations
2. Option to Renew: Terms and conditions for lease renewal, including notice periods and rental revision mechanisms
3. Break Clause: Early termination provisions including conditions and notice requirements
1. Floor Plan: Detailed layout of the premises showing dimensions and key features
2. Building Rules and Regulations: Standard building management rules and operational guidelines
3. Existing Condition Photos: Photographic documentation of premises condition before handover
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