Wow Mop Gearing Guide : Leasing Retail Space Negotiating The Right Deal - Letter of Intent (LOI)Retail space negotiations are complicated and time-consuminghenever you have identified the retail space which is ideal for your business, the next step is to negotiate an agreement which protects you and is acceptable to the landlordndustry practice for retail space is to negotiate a letter of intent before negotiating the leasese an Attorneyngage an attorney to assist in the letter of intent negotiationt probably seems that the letter of intent is informal and can easily be negotiated without an attorneyowever, there are issues you have to address in the letter of intent which may possibly not be obvious whenever you have not previously negotiated letters of intent for retailowhis is ComplicatedCommon factors for a retail space letter of intent include: defining the parties (leasor and leasee aka landlord and tenant), defining the space, defining the rent including any percentage rent, defining the basis for calculating sales or Net income i ... [Read More - Wow Mop Gearing Guide]
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