Office Rental Intent (Letter of intent)

Usually the first stage in securing your choice office premises, this letter of intent contains just some brief terms and conditions, which tenant offers Landlord. Its an opportunity for Landlord to profile the interested tenant in regards to how stable the company is, whether its a local establishment or overseas set-up in Singapore, how sufficient their paid-up capital is etc. All these contribute to the success of the lease. The brief terms and conditions are:

Terms of Lease Monthly Rental Security Deposit Utility Charges Stamp Duties Legal and Admin Fee Tenancy Agreement Rent-free Fitting-out Period (if applicable) Good-faith deposit (optional booking fee) Other Special Provisions

 

A Letter of Offer is issued when all the principal rental terms in the letter of intent are mutually agreed by both parties. When the Letter of Offer is signed and a non-refundable deposit given, the premises will be secured, subject to the signing of the Tenancy Agreement. In general, the Letter of Offer is a legally binding document, like a contract. A sample copy (sometimes the actual) tenancy agreement is attached along with the letter of offer for tenant's review.