Crafting a Leasehold LOI that will Save Time and Money

This seminar provides a basic overview of leasehold letters of intent focusing on commonly-included provisions as well as oft-overlooked issues. In this context, Ted Woodward of Seyfath Shaw LLP along with Jeff Pandolfo of The Shopping Center Group explain how to maximize the process of negotiating a letter of intent in an effort to streamline lease negotiations and reduce legal fees. This presentation includes a review of the specific language of various letters of intent while explores the impact of such letters on the final lease documents. Finally, Mr. Woodward and Mr. Pandolfo explore the important but challenging area of dealing with work letters and other common lease exhibits at the letter of intent stage.

Learning Objectives: 

I.    Answer, what is the purpose of a letter of intent? 

II.   Learn which parties should be involved in drafting and reviewing letters of intent (i.e. brokers, attorneys or both?)  

III.  Review the mandatory leasehold provisions that should be included in almost all letters of intent

IV.  Identify and review provisions that are often not included in letters of intent but can simplify the lease negotiation process

V.   Detail work letters and other common lease exhibits and discuss the inclusion of such documents at the letter of intent stage of negotiations

VI.  Explain how, done correctly, a well drafted LOI can reduce cycle-time and decrease legal spending