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A Letter Of Intent Rental is commonly used in New Zealand's property market as a preliminary step before entering into a formal lease agreement. This document is particularly valuable in commercial rental situations or complex residential arrangements where parties need to establish key terms before committing to full documentation. The LOI typically includes proposed rental terms, conditions, timelines, and any special requirements, while clearly stating which provisions are binding and non-binding. It operates within the framework of New Zealand property law and provides a structured approach to rental negotiations while protecting both parties' interests during the pre-contractual phase. The document is especially useful when dealing with high-value properties or when significant due diligence is required before finalizing a lease.

1. Date and Addresses: Opening of the letter with proper dating and addressing to the relevant party

2. Introduction: Brief introduction identifying the parties and purpose of the letter

3. Property Details: Specific details of the rental property including address and basic description

4. Key Terms: Proposed fundamental terms including rental amount, term, and intended start date

5. Due Diligence: Timeline and conditions for property inspection and verification processes

6. Conditions Precedent: Key conditions that must be met before proceeding to a formal lease agreement

7. Timeline: Proposed timeline for negotiation, documentation, and execution of the formal lease

8. Non-Binding Nature: Clear statement about the non-binding nature of the LOI (except for specific terms)

9. Confidentiality: Terms regarding confidentiality of negotiations and information exchanged

10. Closing: Signature blocks and formal closing of the letter