![]() While the letter of intent won’t cover all aspects of the rental arrangement, it must at the very least identify the basic terms of the proposed lease, such as: In other words, the sender must explain that they intend to enter into a binding rental agreement. Intention to LeaseĪn explanation of the letter’s purpose must be communicated to the recipient. Each party’s phone number and email address should also be included in the form. In most instances, the tenant will send the letter to the landlord. ![]() Necessary Terms Names and Contact InformationĪ letter of intent (LOI) must specify who’s sending and receiving the letter.
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