Document background
A Letter of Intent to Lease Commercial Property is typically used in the Dutch commercial real estate market as a preliminary step before entering into a formal lease agreement. It serves to document the parties' initial understanding and commitment to negotiate a lease while protecting their interests during the negotiation phase. This document is particularly relevant when parties have agreed on key commercial terms but need to formalize their intent before proceeding with detailed lease negotiations and due diligence. Under Dutch law, while generally non-binding in nature, certain provisions such as confidentiality and exclusivity can be made explicitly binding. The document typically incorporates references to Dutch commercial property practices and may align with ROZ model principles, which are widely used in the Netherlands. It provides a structured framework for moving forward with lease negotiations while allowing both parties to clarify their positions and expectations.
