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The Lease Proposal Letter of Intent is a crucial preliminary document in Hong Kong's commercial property leasing process, typically used before entering into a formal lease agreement. It is employed when a prospective tenant wishes to formally express interest in leasing a property and document the primary commercial terms proposed for the lease. The document serves multiple purposes: it demonstrates the serious intent of the parties, outlines key commercial terms for negotiation, and can secure an exclusivity period for detailed discussions. While generally non-binding in nature (except for specific provisions), it forms an important part of the transaction record and helps prevent misunderstandings during subsequent negotiations. The LOI must be drafted with consideration of Hong Kong's property laws and commercial practices, particularly the Landlord and Tenant Ordinance and stamp duty requirements.

1. Letter Header: Date, addressee details, and subject line identifying the property and nature of the document

2. Introduction: Brief introduction identifying the parties and purpose of the letter

3. Property Details: Specific identification and description of the premises to be leased

4. Commercial Terms: Key lease terms including proposed rent, lease duration, and commencement date

5. Security Deposit: Proposed security deposit amount and payment terms

6. Intended Use: Specified intended use of the premises

7. Timeline: Proposed timeline for negotiation, documentation, and completion

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

9. Confidentiality: Binding confidentiality provisions regarding the proposed transaction

10. Exclusivity Period: Period during which the landlord agrees not to negotiate with other parties

11. Closing: Signature blocks and formal letter closing