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The Letter Of Intent To Lease Residential Property is a crucial preliminary document in the Indonesian residential property leasing process. It is typically used when a prospective tenant has identified a suitable property and wishes to formally express their interest in leasing it, while allowing time for due diligence and detailed negotiations. This document, while generally non-binding, establishes the framework for the future lease agreement by outlining key terms such as proposed rental amount, duration, and specific conditions. Operating within the Indonesian legal framework, particularly under the Civil Code (KUHPerdata) and relevant property regulations, it serves as a bridge between initial property viewing and the execution of a final lease agreement. The document is particularly valuable in more complex residential leasing situations, such as high-value properties or when dealing with corporate tenants, where formal preliminary commitment is desired.

1. Date and Parties: Full names and addresses of the prospective landlord and tenant, including any registration numbers for companies

2. Property Details: Complete address and brief description of the residential property intended to be leased

3. Key Commercial Terms: Proposed rental amount, lease duration, target commencement date, and any specific conditions for lease execution

4. Due Diligence Period: Timeframe for conducting property inspections and document verification

5. Deposit Terms: Any initial deposit or earnest money to be paid, conditions for refund or forfeiture

6. Timeline: Expected timeline for negotiation and execution of the final lease agreement

7. Non-Binding Nature: Clear statement that this is a non-binding letter of intent, except for specified binding provisions

8. Signatures: Signature blocks for all parties