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TXR 2122 — Commercial Letter of Intent to Lease

Provides a non-binding summary of key terms proposed for a commercial lease between a landlord and tenant. It serves as a negotiation starting point covering rent, term, tenant improvements, broker fees, and other material terms without creating legally binding obligations.

Source: TXR
Form Number: 2122
Category: Other
Revised: July 8, 2022

Used For

COMMERCIAL_LEASING

Form Outline

The TXR 2122 form is organized into the following sections:

  1. Landlord and Tenant Identification
    Captures full contact details for both landlord and tenant.
  2. Leased Premises, Size, and Term
    Describes the space, its size, and the proposed lease duration and start date.
  3. Base Monthly Rent Schedule
    Outlines the proposed base rent schedule with up to six periods supporting flat rates and per-RSF pricing with escalation.
  4. Additional Rent and Expense Reimbursements
    Addresses additional rent: NNN/base year/expense stop reimbursements, percentage rent on gross sales, parking charges, and projected operating expenses.
  5. Renewal Options, Security Deposit, Use, and TI
    Consolidates renewal options, security deposit, permitted use, and tenant improvement provisions with two TI options (landlord-completed or tenant-completed).
  6. Brokers and Fee Arrangements
    Names both brokers and defines commission structure with percentage or flat fee options and flexible payment timing.
  7. Special Provisions
    Catch-all for additional proposed terms like exclusivity, signage, early termination, or co-tenancy.
  8. Non-Binding Disclaimer, Expiration, and Signatures
    States the LOI is non-binding, sets the process for moving to formal lease, establishes response deadline, and provides signature blocks.

How RaiderX Agents Use This Form

When you upload a signed TXR 2122 to a deal in RaiderX's Deal Manager, it reads the form's key dates and terms and automatically builds out your deadlines, contingencies, and tasks — so nothing slips through the cracks between contract and closing. Forms with a fill map also support e-signature directly inside RaiderX, so you can send this document for signature without leaving the platform.

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