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Offer to Lease Commercial Property
THIS OFFER TO LEASE (this "Offer") dated this ________ day of ________________, ________
FROM:
______________________________of______________________________________(the "Tenant")
TO:
______________________________of______________________________________(the "Landlord")
THIS OFFER WILL BE irrevocable until February 11, 2025, after which time, if it was not accepted by the Landlord, this Offer will be null and void.
DATED this ________ day of ________________, ________.
_______________________________WITNESS: ______________________
__________________________(Tenant)Per:____________________________ (Seal)
The undersigned hereby accepts the above Offer this _____ day of _____________, 20____.
__________________________(Landlord)Per:____________________________ (Seal)
Last updated December 31, 2024
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An Offer to Lease is a document a prospective tenant uses to offer to rent a commercial property from a landlord or property manager. In other words, it’s an official offer to enter a Commercial Lease Agreement
It outlines some basic lease terms negotiated by the landlord and tenant, such as the lease length, rent amount, and security deposit.
Prospective tenants may use an Offer to Lease when attempting to rent business properties, such as:
An Offer to Lease is also known as a lease offer letter or a lease proposal.
Here’s a breakdown of the process you may experience when securing a commercial rental property, including how an Offer to Lease works with other important rental documents
The landlord and tenant use a Commercial Lease Agreement to outline the exact tenancy details.
Yes, when signed by both parties, an Offer to Lease is usually a legally binding contract.
Unless you modify the exact terms of your Offer to Lease, our template creates an irrevocable offer. However, it does prompt you to provide a date on which the offer expires. Therefore, the offer is irrevocable until this expiry date.
It only becomes null and void if the landlord does not accept the offer and the expiry date passes.
If the landlord accepts the offer before the expiry date, then the offer constitutes a binding agreement between the parties. In that sense, once the tenant has signed the Offer to Lease and given it to the landlord, they could be bound to their offer. Once the landlord accepts and signs the offer, it constitutes a binding agreement.
If you want to create a revocable Offer to Lease, use our editor tool to modify the exact wording of your document, ensuring you remove “irrevocable.”
Although these are both legal documents used when securing a rental property, they’re distinct from one another. Let’s discuss two key differences.
Of course, an Offer to Lease and a Commercial Lease Agreement are similar in some ways. They’re both documents that govern commercial tenancies. Also, when signed by all parties, they’re both binding agreements.
In order for an Offer to Lease to serve its purpose, it should include some key details. Our template asks you to include information about the:
In addition, you can also specify whether the lease is subject to approval by the tenant’s attorney.
Sample
Offer to Lease - Commercial
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