Glossary

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Proposal To Lease
When a prospective tenant asks a landlord for their terms and conditions on a lease, the reply offered by the landlord is the proposal to lease. This term often comes up when government entities need to rent space from private entities. As part of the government solicitation and bid process, the government agency will ask the landlord to respond to their request with a formal proposal to lease. This formal proposal outlines the building being considered, the actual space inside that building and the lease conditions the landlord requires of its tenants. While common in government, this type of arrangement is found in private leases as well, and it allows entities to get a proposal to lease from multiple buildings and to see what terms and conditions are most favorable. This allows for an even assessment of each building and its property owner's lease requirements.