Document background
The Letter of Interest for Rental Property is commonly used in Pakistan's real estate market as a preliminary document to initiate rental negotiations. This document type is particularly relevant when dealing with high-value commercial properties or competitive residential rentals where formal communication is preferred. It helps establish serious intent and professional approach while operating within Pakistan's legal framework, including the Transfer of Property Act 1882 and provincial rental laws. The letter typically precedes formal rental applications and lease agreements, containing key information about the prospective tenant, desired property, proposed terms, and financial capability. While not legally binding, it often serves as a reference point for subsequent negotiations and can help secure priority consideration in competitive rental markets.
