This letter of intent is not a legally binding document, but a very important and useful way to outline key elements of a lease agreement prior to completing the actual lease. It is also a pledge to continue negotiations in good faith. By using this letter, both parties will be able to state their expectations for their rights and responsibilities in the final lease. This letter of intent is for use in Texas.
Although it is not legally binding, this document is important and should be signed only if both parties have read and agreed upon its contents.