In this article, you'll learn:

• How to identify and address your landlord’s needs in the LOI
• Key tips for drafting a detailed and effective LOI
• The role of a tenant rep broker in guiding the LOI process
• Why treating an LOI like a legal agreement benefits negotiations

A letter of intent, also known as LOI, is a letter that is used in informing the owner of a property that you are interested in leasing a commercial property. In addition, it gives the landlord a concise idea of how you will use the property in case they agree to lease you the building.