Commencement Date (when they're handed the keys)
Rent Commencement Date (when rent is due - in case of free rent)
If Rent is amortized, put in the asking rent, plus free rent, then (effective rent = $xxxx)
Lessee's expenses (like HVAC, Electric, Phone, etc)
Lessor's expenses (maintaining the roof, structure, etc)
Signage/parking uses ("at tenant's sole expense - Landlord approval")
State who is paying the commission.
Our letters of intent are long, but very detailed so as to save confusion.
But remember: these are not LEGALLY binding, and it should state as such clearly in the document.
Hope this helps.
Jul 1, 2010