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A Letter of Intent to Lease is a crucial preliminary document used in Austrian real estate transactions when parties wish to formally express their intention to enter into a lease agreement while still maintaining flexibility for negotiations. This document is particularly valuable in commercial leasing scenarios where complex negotiations are anticipated and parties need to establish clear parameters before committing resources to detailed lease negotiations. Governed by Austrian law, including the ABGB and MRG, it typically outlines proposed commercial terms, property specifications, timelines, and any binding preliminary obligations. While primarily non-binding, certain provisions such as confidentiality or exclusivity can be made explicitly binding. The document serves as a roadmap for subsequent negotiations and helps prevent misunderstandings about key terms and expectations.

1. Heading and Date: Document title ('Letter of Intent to Lease') and date of the letter

2. Parties: Full legal names and addresses of both the prospective landlord and tenant

3. Background: Brief context explaining the parties' intentions to enter into a lease agreement

4. Property Description: Detailed description of the property to be leased, including address and relevant specifications

5. Key Commercial Terms: Essential lease terms including proposed rent, lease duration, and intended commencement date

6. Condition Precedents: Any conditions that must be met before proceeding with the final lease agreement

7. Timeline: Proposed timeline for negotiation, documentation, and execution of the final lease agreement

8. Binding Provisions: Clear statement of which provisions are legally binding (typically confidentiality, exclusivity if applicable, and governing law)

9. Non-Binding Nature: Express statement that the LOI is generally non-binding except for specifically identified provisions

10. Signatures: Execution block for both parties