Document background
A Letter of Intent to Lease is commonly used in Swiss real estate transactions as a preliminary step before entering into a formal lease agreement. This document is particularly useful when parties have reached agreement on key commercial terms but need time to negotiate detailed provisions or fulfill certain conditions before executing the final lease. It typically includes essential information such as property details, proposed rental terms, timeline for execution, and any conditions precedent. While governed by Swiss law, particularly the Swiss Code of Obligations, most provisions are typically non-binding except for specific clauses like confidentiality and exclusivity. The document serves as a roadmap for negotiations and demonstrates serious intent from both parties while maintaining flexibility for final terms. It's especially valuable in complex commercial leases where detailed due diligence or board approvals may be required before final commitment.
