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Letter of Intent to Lease Equipment

Document Type
Microsoft Word (Editable)
Pages
3
Price: KES 350
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Document Overview

A Letter of Intent to Lease Equipment is a non-binding pre-contract document that outlines the preliminary understanding between a lessor (equipment owner) and a lessee (user) regarding the terms under which equipment may be leased in the future.

Purpose:

1. To record key terms such as type of equipment, duration, payment, and responsibilities before a formal lease is signed.

2. To confirm each party’s intention and commitment to proceed with the lease.

3. To allow for inspections, due diligence, and internal approvals before finalizing the lease.

4. To protect confidentiality and guide future negotiations.
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