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Commercial Real Estate Letter Of Intent

Commercial Real Estate Letter Of Intent Template for United Arab Emirates

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Key Requirements PROMPT example:

Commercial Real Estate Letter Of Intent Template

"I need a Commercial Real Estate Letter of Intent Template for leasing a 5,000 square foot retail space in Dubai Mall, with the intention to open a luxury boutique by March 2025, including specific fit-out requirements and exclusivity provisions."

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Document background
The Commercial Real Estate Letter of Intent Template is a crucial preliminary document used in UAE real estate transactions to establish the initial framework for negotiations between parties interested in commercial property transactions. It serves as a precursor to a formal contract, outlining key terms such as price/rent, timeline, and basic conditions while typically remaining non-binding except for specific provisions. This document is essential in UAE business practice, where formal documentation of intent is highly valued, and must comply with both federal laws (such as UAE Civil Code) and emirate-specific real estate regulations. The template is designed to protect parties' interests during the negotiation phase while providing a clear pathway to a definitive agreement, incorporating local business customs and legal requirements specific to the UAE real estate sector.
Suggested Sections

1. Date and Address Block: Formal letter heading with date and recipient's address

2. Subject Line: Clear identification of the property and nature of the document (Letter of Intent)

3. Parties: Full legal names and addresses of both parties (prospective buyer/tenant and seller/landlord)

4. Property Details: Specific description and address of the commercial property, including size and any relevant registration details

5. Transaction Structure: Whether the intended transaction is a purchase or lease, with basic commercial terms

6. Price/Rent: Proposed purchase price or rental rate, including payment terms and schedule

7. Due Diligence: Timeframe and scope of due diligence investigation

8. Timeline: Proposed timeline for negotiation, due diligence, and closing

9. Confidentiality: Statement regarding confidentiality of negotiations and information exchange

10. Non-Binding Nature: Clear statement that the LOI is non-binding except for specified provisions

11. Expiration: Deadline for response or acceptance of the LOI terms

12. Signature Block: Space for signatures of authorized representatives of both parties

Optional Sections

1. Deposit Terms: Include when an initial deposit or earnest money is part of the transaction

2. Exclusivity Period: When seller/landlord agrees not to negotiate with other parties for a specified period

3. Broker Representation: Include when real estate brokers are involved in the transaction

4. Conditions Precedent: Specific conditions that must be met before proceeding with the transaction

5. Building Access: Terms for accessing the property during due diligence period

6. Existing Tenants: For properties with existing tenants, addressing their rights and obligations

7. Governing Law: Specific emirate jurisdiction if different from UAE federal law

8. Language Preference: When dual language versions are required

Suggested Schedules

1. Property Plan: Floor plan or site plan of the commercial property

2. Initial Terms Sheet: Summary of key commercial terms in tabular format

3. Due Diligence Checklist: List of required documents and investigations

4. Photographs: Current photographs of the property if available

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

























Clauses





















Relevant Industries

Real Estate

Commercial Property Development

Retail

Hospitality

Office Space Management

Industrial and Warehousing

Banking and Financial Services

Healthcare

Education

Professional Services

Retail and Shopping Centers

Manufacturing

Logistics and Distribution

Relevant Teams

Legal

Real Estate

Finance

Operations

Business Development

Risk Management

Facilities Management

Corporate Services

Compliance

Property Management

Relevant Roles

Real Estate Director

Commercial Property Manager

Chief Financial Officer

Legal Counsel

Real Estate Investment Manager

Facilities Manager

Business Development Director

Corporate Real Estate Manager

Property Acquisition Manager

Real Estate Broker

Asset Manager

Operations Director

Risk Manager

Commercial Leasing Manager

Chief Executive Officer

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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