Business points to address in the LOI
- Premises, rentable/usable area and any expansion or contraction rights.
- Base rent, escalations, CAM/OPEX structure and estimated total occupancy cost.
- Lease term, commencement, rent commencement and renewal options.
- Delivery condition and specific landlord work before turnover.
- Tenant-improvement allowance, construction management and reimbursement mechanics.
- Free-rent/abatement periods and what charges still apply during abatement.
- Permitted use broad enough for the practice and anticipated services.
- Parking allocation, reserved spaces, validation and employee/patient parking expectations.
- Signage and directory rights.
- Assignment/subletting considerations for a future practice sale or ownership change.
- Guaranty structure and any burn-off or limitation being requested.
- Contingencies or timing protections tied to approvals, permits or other material feasibility items.
Important: Property-specific conditions should be independently verified by the appropriate legal, architectural, engineering, zoning, permitting, insurance and other professionals before reliance.