Document background
The Letter Of Intent Rental is a crucial preliminary document used in Danish property transactions when parties wish to formalize their intent to enter into a rental agreement while maintaining flexibility for negotiations. It serves as a roadmap for the final lease agreement, typically used in situations where detailed negotiations are anticipated or where significant due diligence is required before finalizing the rental arrangement. The document operates within the framework of Danish property law, particularly the Lejeloven (Danish Lease Act) and Erhvervslejeloven (Business Lease Act), and typically includes both binding elements (such as confidentiality provisions) and non-binding elements (such as proposed rental terms). This type of document is particularly valuable in complex commercial rentals or when either party needs to secure basic terms while conducting further investigations or obtaining internal approvals.
