A letter of intent is where the deal economics get set, and they are hard to reopen once the lease or purchase agreement is drafted. We draft or review LOIs for leases and acquisitions so the terms that matter are on paper, and so it is clear which parts are binding and which are not. A short, clear LOI also makes the full documents faster to negotiate.
At a glance
- Practice
- Real Estate
- Pricing
- Flat fee, quoted before we start
- Included
- 5 deliverables
- Process
- 3 steps, one named attorney
- Where we work
- Slack, email or a call
When founders call us
The moments that usually bring a company to us for this work.
- 01
A broker has sent an LOI and wants a signature this week
- 02
You are making an offer on a property and want the key terms in writing
- 03
You want exclusivity while you complete diligence
- 04
You are unsure whether an LOI you signed is binding
What you get
Scoped in writing before we start. One flat fee for all of it.
- Drafting or review of the lease or purchase LOI
- Check that price, rent, deposits, timing and contingencies are stated clearly
- Clear binding and non-binding provisions, including exclusivity and confidentiality
- List of terms to raise now rather than in the full documents
- Attorney notes for your broker or counterparty
How it works
- 1
Intake
You send the draft LOI or your deal terms and the property details.
- 2
Drafting
We draft or redline the LOI and flag missing terms.
- 3
Delivery
You get an attorney-reviewed LOI ready to send or sign.
Mistakes we help you avoid
The ones we see most often, and catch before they cost you.
- Avoided
Language that makes the whole LOI binding when only some provisions were meant to be
- Avoided
Leaving out diligence periods, contingencies or TI terms that are hard to add later
- Avoided
Agreeing to long exclusivity without a matching commitment from the other side
- Avoided
Using a broker's form without checking it reflects the deal you agreed
Letters of Intent: questions founders ask
Usually only in part. Most LOIs state that the deal terms are non-binding, while provisions such as exclusivity, confidentiality and cost allocation are binding. Courts look at the language and the parties' conduct, so the LOI should say clearly which is which.
Typically the premises, term, rent and escalations, operating expense structure, TI allowance, free rent, renewal options, use and any guaranty. Anything left out tends to be negotiated later from a weaker position.
Price, deposit, diligence period, financing and other contingencies, closing date and who pays which closing costs. If the property has tenants, it should also address estoppels and the treatment of existing leases.
Flat fee, quoted before we start. The quote depends on the documents involved and how much negotiation is expected.
Get a flat-fee quote for Letters of Intent.
A short call with an attorney. You leave with a written scope and one fixed price.
Book a call