Janet Portman reports:
"Most of the time, landlords (or their lawyers) write letters of intent...Occasionally, however, tenants may want to write their own, to crystalize preliminary understandings and highlight issues yet to be addressed...It’s usually best to write a letter that simply summarizes key aspects of the hoped-for rental. The issues you may want to cover are listed below; here, we suggest a workable approach...The most important part of your letter is a clear statement that you don’t intend your letter to be binding. Giving yourself and the landlord room to negotiate is as important as setting some preliminary parameters of your eventual deal...You don’t want a landlord to claim that only those issues raised in your letter of intent should be the subjects of continued negotiations...To ensure that the landlord can’t claim that the letter of intent limits the available bargaining points, simply say that future negotiations may cover additional points...Any letter of intent that you write should include the following information:
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