This week we will talk about the next step in finding the right leasing space – letter of intent or LOI. Please remember this is a general summary of the leasing process and the steps involved for your company can vary depending on a number of factors.
Letter of intent – A letter of intent is sent to a property owner such as The Sundance Company stating your intent or desire to enter into a lease agreement at their property. These agreements are not leases so they are non-committal in nature but they do establish your intent to negotiate a term with the landlord. With more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations, The Sundance Company can help you find the commercial real estate leasing space that best fits your business needs.
About The Sundance Company
The Sundance Company has become a development powerhouse with more than 30 years of successful history in Idaho’s Treasure Valley and the Boise metropolitan area. The Sundance Company is one of the few local companies that self-manages and maintains its own properties—enjoying higher occupancy levels and superior quality control for its projects.
Savvy tenants and buyers look to The Sundance Company for development; office, warehouse, and retail leasing; property management; build-to-suit/construction; and land and building sales. With more than 1.5 million square feet of prime office and industrial space in the greater Treasure Valley, The Sundance Company has the size and diversity to avoid the need for a “one-size-fits-all” approach—thereby assuring customized solutions that are genuinely tailored to each client’s needs.
Every project by The Sundance Company is conceived and executed with integrity, innovation, accountability, and dedication by a team of seasoned experts who always remains mindful not only of tangible aspects of a property transaction but also the intangible. The in-house management team values its personal connections and the relationship of trust it has created with its tenants and property owners, which include national and regional companies, some of whom have been in Sundance buildings for more than 15 years.