Standard Non-Binding Proposal to Lease or Sublease - PL-4.00 - Revised 01-03-2017

Sep 16, 2026

Standard non-binding proposal template for leasing or subleasing real property, covering the parties involved, described premises, broker relationship, deposit handling, and lease term placeholders. Establishes rent and common area maintenance payment structure, security deposit amount, and total monies due upon execution. Specifies agreed use, possession and condition requirements, maintenance and repair responsibilities, insurance and tax allocation, and which association standard lease form will govern ultimate agreement, including sublease procedures.

LanguageEnglish

CategoryLetters

FormatPDF

Pages3

Reading Time1 min

AccessFree to download

Standard Non-Binding Proposal to Lease or Sublease

Parties and Broker Terms

Premises, Deposit, and Lease Term

Rent, Charges, and Security Deposit

Use, Possession, Condition, and Repairs

Insurance, Taxes, and Lease Agreement Form

Sublease Proposal and Master Lease Relationship

STANDARD NON-BINDING PROPOSAL TO LEASE OR SUBLEASE State: City: Date: 1. Lessee. ,("Lessee") hereby proposes to lease the real property (the "Premises") hereinafter described upon the terms and conditions herein set forth. 2. Premises. The Premises which are the subject of this proposal are located in the County of , State of , commonly known as and described as . 3. Broker. 3.1 This proposal is being submitted to Lessor through ("Broker") who is the procuring cause of this proposal. Lessee agrees to use the services of Broker exclusively in connection with any and all negotiations and offers with respect to the Premises for a period of one year from the above date. 3.2 Notwithstanding whether or not the Parties ultimately enter into a lease of the Premises, the Parties acknowledge that the following real estate brokerage relationship exists: (Check if applicable) Broker represents both Lessor and Lessee; or (Check if applicable) Broker represents Lessee exclusively and shall not be considered the subagent and/or representative of Lessor's broker. 4. Deposit. 4.1 (Check if applicable) Lessee hereby delivers to Broker a check in the amount of $ ("Deposit") . Broker is to hold said check uncashed in Trust. 4.2 Upon execution of the lease agreement contemplated hereby: (a) If the Deposit check is made payable to Broker, Broker is authorized by Lessor and Lessee to apply the Deposit to any Commission owed to Broker pursuant to the terms of this proposal or the lease agreement and to deliver the balance of the Deposit, if any, to Lessor. (b) If the Deposit check is payable to Lessor, Broker is authorized by Lessee to deliver the Deposit to Lessor. 5. Term. The term of the lease shall be months and shall begin on and shall end on . 6. Base Rent and Common Area Maintenance Charges. 6. 1 The Base Rent at the commencement of the lease shall be $ payable, in advance, on the day of each month. 6.2 The Common Area Maintenance Charges shall initially be $ payable, in advance, on the day of each month. 6.3 During the term of the lease the Base Rent shall be adjusted as follows: . 7. Security Deposit. The Security Deposit shall be in the amount of $ . 8. Total Monies Due Upon Execution . On execution of lease, Lessee shall pay to Lessor $ representing Base Rent, Common Area Maintenance Charges, and for and the Security Deposit. 9. Agreed Use. The Premises shall be used only for INITIALS PAGE 1 OF 3 INITIALS © 2017 AIR CRE. All Rights Reserved. PL-4.00, Revised 01-03-2017 10. Possession and Condition of Premises. Lessor shall deliver the Premises on broom clean and free of debris with the plumbing, lighting, heating, ventilating and air conditioning, and loading doors in good operating condition. Subject to the preceding two sentences, Lessee accepts the Premises "AS IS", i.e. , in its present condition. 11. Maintenance and Repairs. Lessee shall repair and maintain all parts of the Premises and adjacent areas except: the Common Areas (including the roof and foundations) the roof and the foundations no exceptions. 12. Insurance. 12. 1 Property Insurance (i.e. , fire, extended coverage, etc. ) shall be paid for by . If paid for by Lessor, Lessee shall pay any increase in premiums over those paid in the "Base Period" . 12.2 Liability insurance naming Lessee and Lessor as co-insured or "additional insured," shall be paid for by Lessee. 13. Property Taxes. Real property taxes shall be paid by . If paid by Lessor, Lessee shall pay increases over the taxes payable for the real estate tax year. 14. Lease Agreement. The Lease which is to be ultimately executed by the parties shall contain the provisions of the most recent edition of the Commercial/Industrial Single Tenant Net Commercial/Industrial Single Tenant Gross Commercial/Industrial Multi-Tenant Net Commercial/Industrial Multi-Tenant Gross Retail Multi-Tenant Net

FAQs

What is this document used for?

It serves as a standard non-binding proposal to lease or sublease real property, setting out key business terms before a lease agreement is executed.

How is the deposit supposed to be handled?

The lessee may deliver a deposit check to the broker, held uncashed in trust, with instructions that depend on whether the check is payable to the broker or to the lessor.

What lease provisions control the final lease agreement?

The final lease is expected to use the most recent edition of the specified AIR Commercial Real Estate Association standard lease form, subject to modifications agreed in writing and the terms set forth in the proposal.

What changes if the transaction is a sublease?

When the sublease box is checked, references to lease terms are construed as sublease equivalents, and the sublease is made subject to and subordinate to the master lease, including obligations to provide the master lease copy and obtain required approvals.

Sep 16, 2026

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