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We know leasing your first commercial space can be an intimidating process, especially when you don’t feel like you fully understand the terminology that is being used. That’s why we’ve put together this handy guide of our Top 10 Must-Know Commercial Real Estate Terms to help you navigate your negotiations like a seasoned pro: 1) Letter Of Intent (LOI) A Letter of Intent (often referred to as a LOI) is typically the first step taken when two parties choose to start the process of negotiating a deal. Because commercial real estate documents like leases and purchase agreements are frequently complex, most brokers will choose to submit an initial LOI to the seller or landlord on behalf of the