A Lease Proposal is an offering made to a prospective tenant that outlines the key terms and conditions of a potential lease agreement, facilitating the leasing process.
A Letter of Intent (LOI) is a formal document expressing the intention to enter into a contract or agreement without formally binding the parties involved.
A Letter of Intent (LOI) in real estate serves as a preliminary agreement that outlines the terms and details before finalizing a contract. It is commonly used during property sales, leases, and development transactions.
