A long-form letter of intent (LOI) used to begin negotiations between a landlord and a tenant for a mid-sized office space in a multi-tenant office building. LOIs (or term sheets) are governed by state and local laws and customs, but this Standard Document is relevant to landlords and tenants in every state. Although this LOI is drafted in favor of the landlord, it contains important explanatory, drafting, and negotiating tips that are helpful for tenants.