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A Letter of Offer to Lease (sometimes called an Offer Letter or Heads of Terms) is a preliminary agreement issued by a landlord (or their agent) to a prospective tenant before the formal lease is signed.It sets out the key commercial terms of the intended lease in writing and allows both parties to confirm their understanding before committing to a binding lease contract.Purpose of a Letter of Offer to Lease1. Outlines the main lease terms (rent, duration, security deposit, permitted use, service charges, etc.) so there are no surprises later.2. Serves as an indication that the tenant is serious about taking the premises and the landlord is willing to lease.3. Provides the lawyer or property manager with a clear framework for drafting the detailed lease agreement.4. Helps both parties negotiate key commercial terms before involving lawyers in drafting lengthy contracts.5. Prevents disputes and wasted legal costs by ensuring both parties agree on essentials before formal documentation.Download a sample template on Sheriaplex
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