Letter Of Intent Restaurant. Save more time by simply modifying this document instead of making one from scratch. Make sure to use our Restaurant Non-Binding Letter of Intent template for use in +More negotiating the terms of the lease with your potential landlord.
As such, care should be taken in drafting any letter of intent. Letter of Intent* (from an attorney or bank on official letterhead stating the intent to start a business - this is acceptable for new businesses only). Letter of Intent Format: Follow the format to draft an effective Letter of Intent.
It establishes the intent of the parties, and while it is often non-binding, it can be.
With that said, letters of intent could be a bit confusing to the average person.
Get the negotiations off to a good start by presenting the landlord with a NON-BINDING LETTER of INTENT (Triple Net Lease). Contrary to common belief, it is entirely different from a contract. The letter outlines the chief terms of a prospective deal.