OK. You have sent landlord LOI. The next thing is lease negotiations. Get ready. You are going to receive a document that looks like a book. I will try to cover each section in different post. Lets start with Terms. The original lease term landlord is going to want is at least five years and probably ten is preferred. You want to also have some options for renewal with predetermined values. The other important term is when rent starts verses when term starts. You are going to need some development time prior to paying rent . You need to consider the amount of time required for Architecture, Design, Permitting, Bidding and Construction prior to rent starting. Your consultants can give you a time line to follow. Stay Tuned !!