Form 14-2: Letter of Intent with Bank to Ground Lease
Form 14-2: Letter of Intent with Bank to Ground Lease Free-Standing Bank Pad in Neighborhood Center
In addition to the following deal points, this Word form also includes developer-oriented comments addressing how refinements could be made to cooperatively expedite the transaction.
- Initial lease term.
- Options to extend lease term.
- Minimum annual rent and adjustments thereto.
- Option period rent.
- Rent commencement.
- Pad delivery.
- Site plan.
- Architectural criteria.
- Restricted parking.
- Subletting and assignment.
- Completion of on- and off-site improvements.
- On-site and off-site maintenance and expense.
- Not binding.