Fast answerA preliminary document recording proposed commercial terms, often with a stated mix of binding and non-binding provisions.
Why it matters
Important lease issues can be shaped before the full legal document is drafted.
What to request
Clarify status, confidentiality, exclusivity, deposit, conditions, expiry and the path to lease documentation.
Planning example
Track every agreed commercial term into the final lease. The example organizes arithmetic or evidence only; the transaction documents and facts determine the result.
Related decisions
Connect this term to the area, cost, building, flexibility and document provisions elsewhere in the office decision file.
Evidence boundary: office availability and quoted economics change. Confirm current premises, authority, area, costs, permitted use and documents for the specific transaction. Read the methodology.