[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-detail-280823-en":53,"doc-seo-280823-105":74},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":5,"data":54},{"doc_id":55,"user_id":56,"nickname":57,"user_avatar":58,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":60,"doc_content":61,"file_id":62,"file_url":63,"file_type":64,"file_size":65,"view_count":15,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":66,"language":67,"language_code":68,"site_id":69,"html_lang":68,"table_of_contents":70,"faqs":71,"seo_title":72,"seo_description":60,"update_tm":73,"read_time":9},280823,1374404737137,"Adam","https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","What You Need to Know About Letters of Intent in Commercial Leases","Commercial leases involve both legal and personal obligations, yet critical terms are often misunderstood or overlooked. This guidance explains what letters of intent (LOIs) are and how they function in proposed commercial lease transactions. It clarifies that LOIs are generally non-binding, summarizes typical LOI terms such as parties, premises, rent, lease term, extensions, guarantors, and permitted use, and describes how brokers usually negotiate them before attorneys draft the final binding lease agreement.","WHAT YOU NEED TO KNOW ABOUT LETTERS OF INTENT IN COMMERCIAL LEASES  \nBoth landlords and tenants have legal and personal obligations to understand and abide by each of the terms in their commercial leases. Too often, aspects of these leases are misunderstood or neglected entirely. The following blog series outlines these aspects one-byone, emphasizing key points and illustrating these concepts via real-life commercial lease tenancies. To start, let’s take a look at what you need to know about letters of intent, or LOIs.  \nLOIs are non-binding.  \nAlthough most terms listed in a commercial lease document are considered part of a binding contract, LOIs lack the formality to be considered binding. An LOI is intended to act as a general guide to outline the terms of a proposed lease, offering statements of key terms to the more legal oriented provisions necessary in the final lease agreement.  \nThe most basic terms in a LOI would include:  \n the identity of the Landlord and Tenant  \n the location of the building and size of the space  \n the amount of rent  \n term or length of the lease  \n extension options beyond the initial term  \n personal guarantor or guaranties  \n what the space may be used for  \nLOIs are typically negotiated by brokers.  \nMore often than not, LOIs are negotiated and drafted by brokers, rather than by attorneys. A lawyer typically drafts the final lease agreement. Brokers lack the legal expertise and credentials to independently create legally sufficient binding contracts, which is why LOIs are best-described as written business terms.  \nLOIs are usually written without input from attorneys.  \nBecause LOIs are typically non-binding, attorneys are not consulted to offer input throughout their drafting. However, both parties involved in any negotiations should understand the  \nrelevant legal aspects before engaging in the preparation and execution of LOIs.  \nFor help with questions that come up during your research or negotiation, whether you’re a landlord who wants to protect your interests or a tenant hoping to preserve your rights, call John Gehringer at O’Neil Cannon at 414.276.5000 for a strategic consultation about your next steps.","cbCaigSYnmbZZVW6","https://ap.wps.com/l/cbCaigSYnmbZZVW6","pdf",54598,2,"English","en",105,"# What Are Letters of Intent (LOIs)?\n## LOIs are Non-Binding\n## Common LOI Terms\n## LOIs are Typically Broker-Negotiated\n## Attorney Input and Legal Considerations","[{\"question\":\"Are letters of intent (LOIs) legally binding in commercial leases?\",\"answer\":\"No. LOIs are non-binding and are used to outline general terms for a proposed lease rather than create a binding contract.\"},{\"question\":\"What key terms are typically included in a LOI for a commercial lease?\",\"answer\":\"A LOI commonly identifies the landlord and tenant, the property location and space size, rent, lease term, extension options, personal guarantors, and the permitted use of the space.\"},{\"question\":\"Who usually negotiates and drafts LOIs, and why?\",\"answer\":\"Brokers typically negotiate and draft LOIs. Lawyers usually draft the final lease agreement because brokers are not expected to independently create legally sufficient binding contracts.\"}]","What You Need to Know About Letters of Intent in Commercial Leases | PDF",1789559082,{"code":4,"msg":75,"data":76},"ok",{"site_id":69,"language":68,"slug":77,"title":59,"keywords":78,"description":60,"schema_data":79,"social_meta":134,"head_meta":136,"extra_data":138,"updated_unix":73},"what-you-need-to-know-about-letters-of-intent-in-commercial-leases","",{"@graph":80,"@context":133},[81,96,116],{"@type":82,"itemListElement":83},"BreadcrumbList",[84,88,90,93],{"item":85,"name":86,"@type":87,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":89,"name":10,"@type":87,"position":66},"https://docshare.wps.com/template/",{"item":91,"name":41,"@type":87,"position":92},"https://docshare.wps.com/template/letters/",3,{"item":94,"name":59,"@type":87,"position":95},"https://docshare.wps.com/template/what-you-need-to-know-about-letters-of-intent-in-commercial-leases/280823/",4,{"url":94,"name":59,"@type":97,"image":98,"author":103,"headline":59,"publisher":105,"fileFormat":108,"inLanguage":68,"description":60,"dateModified":109,"datePublished":110,"encodingFormat":108,"isAccessibleForFree":111,"interactionStatistic":112},"DigitalDocument",{"url":99,"@type":100,"width":101,"height":102},"https://docshare.wps.com/thumbnails/what-you-need-to-know-about-letters-of-intent-in-commercial-leases/280823.png","ImageObject",442,249,{"name":57,"@type":104},"Person",{"url":85,"name":106,"@type":107},"DocShare","Organization","application/pdf","2026-10-27","2026-09-16",true,{"@type":113,"interactionType":114,"userInteractionCount":15},"InteractionCounter",{"@type":115},"ViewAction",{"@type":117,"mainEntity":118},"FAQPage",[119,125,129],{"name":120,"@type":121,"acceptedAnswer":122},"Are letters of intent (LOIs) legally binding in commercial leases?","Question",{"text":123,"@type":124},"No. LOIs are non-binding and are used to outline general terms for a proposed lease rather than create a binding contract.","Answer",{"name":126,"@type":121,"acceptedAnswer":127},"What key terms are typically included in a LOI for a commercial lease?",{"text":128,"@type":124},"A LOI commonly identifies the landlord and tenant, the property location and space size, rent, lease term, extension options, personal guarantors, and the permitted use of the space.",{"name":130,"@type":121,"acceptedAnswer":131},"Who usually negotiates and drafts LOIs, and why?",{"text":132,"@type":124},"Brokers typically negotiate and draft LOIs. Lawyers usually draft the final lease agreement because brokers are not expected to independently create legally sufficient binding contracts.","https://schema.org",{"og:url":94,"og:type":135,"og:title":59,"og:site_name":106,"og:description":60},"article",{"robots":137,"canonical":94},"index,follow",{"doc_id":55,"site_id":69}]