WorkSpace Commercial Real Estate, Inc. Brokerage Services 15643 Sherman Way, Suite 150 Van Nuys, California 91406 (818) 373-6100 Tel (818) 373-6105 Fax Date:______________ [email protected] www.workspacecommercial.com Letter of Intent This letter sets forth some of the basic terms and conditions under which Tenant would be interested in entering into lease negotiations with regard to the referenced Property. It is intended solely and exclusively as a preliminary expression of general intentions from _______________________________________________ “Tenant”, and dated _________________________ in which Tenant has set forth its interest in leasing the subject Property. PLEASE BE ADVISED THAT BOTH PARTIES (LANDLORD AND TENANT) MUTUALLY AGREE THAT THIS LETTER IS NOT CONTRACTUALLY BINDING ON EITHER PARTY WITH RESPECT TO THE MATTERS REFERRED TO HEREIN UNLESS AND UNTIL A FORMAL WRITTEN LEASE AGREEMENT HAS BEEN FULLY EXECUTED AND DELIVERED BY BOTH PARTIES, WHICH MUST BE IN FORM AND CONTENT SATISFACTORY TO EACH PARTY AND ITS COUNSEL IN THEIR SOLE DISCRETION. Property: Address: _________________________________________________________ City / State/ Zip: __________________________________________________ Tenant: Name: __________________________________________________________ Address: ________________________________________________________ City / State / Zip: _________________________________________________ Phone: __________________________ Fax: ___________________________ Email: __________________________________________________________ Premises: Approximately __________ square feet, commonly known as Suite _________ of the above-referenced Property. Use: Premises will be used as ____________________________________________ ________________________________________________________________. Lease Term: The initial proposed lease term is _________________________ years / months. Commencement: The lease will commence on ________________________________________. Page 1 of 2 Letter of Intent Base Rent: First years base rent will be $____._______ per square foot per month. Improvements: Except for any provision negotiated to the contrary in the Lease or Addendum, Tenant shall take possession of the premises in “AS-IS” condition. All additional improvements, if any desired by Tenant, shall be made in accordance with plans and specifications approved in writing by Landlord before the commencement of the work (which consent shall not be unreasonably withheld or delayed) and shall be given and all necessary governmental approvals and permits, which permits and approvals and permits Tenant shall obtain at its sole expense. Parking: Parking will be free of charge. Tenant Requests _________ spaces. Signatories: Lease will be signed by ____________________________________________. Landlord’s Financial Review: Landlord’s acceptance of the proposed transaction shall be subject to Landlord’s review and approval of the Tenant’s financial statements, company and personal tax returns, credit report, application for lease, and other pertinent information such as be reasonably required by Landlord. Brokerage Commission: Landlord and Tenant each represent that no real estate broker, finder or intermediary has been consulted or used in connection with the Leasing of the Property, except WorkSpace Commercial Real Estate, who shall be compensated by Landlord pursuant to a separate agreement. WorkSpace Commercial Real Estate will compensate any cooperating brokers per separate co-brokerage agreement. Landlord and Tenant shall agree to indemnify and hold each other harmless from and against any other brokerage commissions and finder or intermediary fees claimed or owing by reason of said lease execution. Confidentiality: Landlord, Tenant, and their agents shall maintain the confidentiality of the parties, terms, and conditions of this letter and the negotiations that may follow, if any, from this date forth. The above terms are the general business terms and conditions to be covered in the Lease, which will be executed by the parties. Additional remaining terms of the Lease will be negotiated and must be acceptable to both Landlord and Tenant. This Letter is not intended to be a binding contract. Should the terms and conditions of this Letter be acceptable, please indicate so by signing and returning this letter to us no later than________________________________________________________________________________. This letter supersedes letters, if any submitted at earlier dates and any and all other communications or discussions whether oral, in writing, or on electronic format. By: ___________________________________________________________ Date: _________________________ “Tenant” Landlord hereby agrees to the terms and conditions of the Letter. By: ___________________________________________________________ Date: _________________________ “Landlord” Name: _________________________________________________________ Title: _________________________ Page 2 of 2