Commercial Lease Letter of Intent (Multi-Tenant) - Colorado
LETTER OF INTENT FOR COMMERCIAL LEASE — MULTI-TENANT PROPERTY
STATE OF COLORADO
CONFIDENTIAL — FOR NEGOTIATION PURPOSES ONLY
Date: [__/__/____]
LOI Reference No.: [________________________________]
IMPORTANT NOTICE REGARDING NON-BINDING EFFECT: This Letter of Intent ("LOI") sets forth the principal business terms upon which the parties intend to negotiate a definitive Lease Agreement. Except for provisions expressly identified as binding in Section 18 below, this LOI is not intended to create, and shall not be construed as creating, any legally binding or enforceable obligation. Under Colorado law, every contract for the leasing of real property for a period longer than one (1) year is void unless made in writing and signed by the party to be charged (C.R.S. § 38-10-108). Note that under Colorado law, such contracts are void — not merely voidable — if they do not comply with the statute.
1. PARTIES
Landlord:
| Field | Details |
|---|---|
| Legal Name | [________________________________] |
| Entity Type | ☐ Corporation ☐ LLC ☐ Partnership ☐ Individual ☐ Trust ☐ Other: [____] |
| State of Organization | [________________________________] |
| Colorado Registered Agent | [________________________________] |
| Principal Address | [________________________________] |
| Contact Person | [________________________________] |
| Telephone / Email | [________________________________] |
Tenant:
| Field | Details |
|---|---|
| Legal Name | [________________________________] |
| Entity Type | ☐ Corporation ☐ LLC ☐ Partnership ☐ Individual ☐ Trust ☐ Other: [____] |
| State of Organization | [________________________________] |
| Principal Address | [________________________________] |
| Contact Person | [________________________________] |
| Telephone / Email | [________________________________] |
2. PREMISES AND BUILDING
Building Description:
- Building Name: [________________________________]
- Building Address: [________________________________], [________________________________], Colorado [____]
- County: [________________________________]
- Municipality: ☐ Denver ☐ Colorado Springs ☐ Aurora ☐ Boulder ☐ Fort Collins ☐ Lakewood ☐ Other: [________________________________]
- Total Building Rentable Area: [________________________________] square feet
- Number of Stories: [____]
- Year Built / Last Renovated: [____] / [____]
- Building Class: ☐ A ☐ B ☐ C
- Property Type: ☐ Office ☐ Retail ☐ Mixed-Use ☐ Industrial ☐ Medical ☐ Other: [____]
- Altitude: Approximately [________________________________] feet above sea level
Tenant's Premises:
- Suite / Unit Number(s): [________________________________]
- Rentable Square Feet (RSF): [________________________________]
- Usable Square Feet (USF): [________________________________]
- Load Factor / Loss Factor: [____]%
- Floor(s): [________________________________]
Measurement Standard:
- ☐ BOMA 2017 Office Standard (ANSI/BOMA Z65.1-2017)
- ☐ BOMA 2010 Retail Standard
- ☐ BOMA Industrial Standard
- ☐ Other: [________________________________]
Colorado Note: Colorado does not have a comprehensive commercial landlord-tenant statute. Commercial leases are governed by general contract principles and the specific terms of the lease. Unlike residential leases (governed by C.R.S. § 38-12-101 et seq.), commercial lease parties enjoy broad freedom of contract. The definitive Lease must expressly address all rights, remedies, and obligations. However, certain Colorado-specific statutes (construction defect, environmental, property tax) significantly affect commercial lease negotiations.
3. LEASE TERM AND COMMENCEMENT
- Initial Term: [____] years [____] months
- Anticipated Commencement Date: [__/__/____]
- Rent Commencement Date: [__/__/____] or upon:
- ☐ Delivery of Premises
- ☐ Substantial Completion of Landlord's Work
- ☐ Certificate of Occupancy
- ☐ Other: [________________________________]
- Lease Expiration Date: [__/__/____]
- Early Access / Fixturing Period: [____] days prior to Rent Commencement Date, rent-free
4. DELIVERY OF PREMISES
- Delivery Condition:
- ☐ Warm Shell (HVAC to Premises, electrical stub, plumbing stub, fire-life safety to code)
- ☐ Cold Shell (structural shell only)
- ☐ As-Is
- ☐ Built-Out per approved plans
-
☐ Other: [________________________________]
-
Target Delivery Date: [__/__/____]
-
Outside Delivery Date: [__/__/____]
-
Late Delivery Remedies:
- ☐ One (1) day of free Base Rent per day of delay
- ☐ [____] days free rent per day of delay
- ☐ Termination right if delay exceeds [____] days
-
☐ Other: [________________________________]
-
Force Majeure: Delays caused by acts of God, governmental restrictions, labor disputes, material shortages, severe winter weather, avalanche closures (mountain locations), or other events beyond Landlord's reasonable control shall extend the Outside Delivery Date day-for-day, not to exceed [____] additional days.
Colorado Weather Note: Colorado's climate features significant seasonal variation, including heavy snowfall (particularly in mountain and Front Range areas), hailstorms (Colorado is among the most hail-prone states), and occasional severe thunderstorms. Construction timelines should account for winter weather restrictions, particularly at higher elevations. The definitive Lease should address snow removal responsibilities and weather-related force majeure provisions.
5. RENT
5.1 Base Rent
| Lease Year | Annual Base Rent per RSF | Monthly Base Rent | Annual Base Rent |
|---|---|---|---|
| Year 1 | $[____] | $[____] | $[____] |
| Year 2 | $[____] | $[____] | $[____] |
| Year 3 | $[____] | $[____] | $[____] |
| Year 4 | $[____] | $[____] | $[____] |
| Year 5 | $[____] | $[____] | $[____] |
| Years 6+ | Escalation: [____]% per annum |
- Rent Escalation: ☐ Fixed percentage ([____]%) ☐ Fixed dollar ($[____]/RSF) ☐ CPI (All Urban Consumers, Denver-Aurora-Lakewood MSA) ☐ Other: [________________________________]
5.2 Free Rent / Abatement
- Free Rent: [____] months of Base Rent abatement
- ☐ Base Rent only ☐ Base Rent and Additional Rent
- Recapture upon Default: ☐ Yes ☐ No
5.3 Security Deposit
- Amount: $[________________________________] (equivalent to [____] months' Base Rent)
- Form: ☐ Cash ☐ Letter of Credit ☐ Other: [________________________________]
- Reduction: ☐ Reduced by [____]% after Year [____] ☐ No reduction
Colorado Security Deposit Note: While C.R.S. § 38-12-101 et seq. governs residential security deposits (including specific return timelines and penalties), these provisions do not apply to commercial leases. Commercial security deposit terms are governed entirely by the lease agreement. However, counsel should confirm that deposit provisions comply with any applicable lender requirements and that the deposit account arrangements are properly documented.
6. ADDITIONAL RENT — CAM, TAXES, AND INSURANCE (MULTI-TENANT ALLOCATION)
6.1 Lease Structure
- ☐ Triple Net (NNN) — Tenant pays pro rata share of Operating Expenses, Taxes, and Insurance
- ☐ Modified Gross — Landlord includes [________________________________] in Base Rent; Tenant pays increases over Base Year [____]
- ☐ Full Service Gross — All Operating Expenses included; Tenant pays increases over Base Year [____]
- ☐ Other: [________________________________]
6.2 Tenant's Pro Rata Share
- Tenant's RSF: [________________________________]
- Building RSF: [________________________________]
- Tenant's Pro Rata Share: [____]%
- Gross-Up: Operating Expenses grossed up to [____]% occupancy
6.3 Common Area Maintenance (CAM)
- Estimated Year 1 CAM: $[____]/RSF
- CAM Includes: Property management fee (not to exceed [____]%), common area utilities, janitorial, landscaping, snow and ice removal (significant in Colorado), parking lot maintenance, security, trash removal, elevator maintenance, common area repairs, window cleaning, pest control
- CAM Exclusions: Capital expenditures (except amortized per GAAP over useful life for items that reduce Operating Expenses or are required by law enacted after Lease execution), leasing commissions, Landlord's income taxes, depreciation, debt service, ground rent, latent defect correction, insurance-reimbursed costs, costs specific to other tenants, costs arising from Landlord's negligence
- Controllable CAM Cap: ☐ [____]% per annum increase ☐ Cumulative cap of [____]% ☐ No cap
Colorado CAM Note: Snow removal is a significant and variable expense in Colorado commercial properties, particularly along the Front Range and in mountain communities. CAM provisions should address: (a) whether snow removal is a controllable or uncontrollable expense; (b) whether there is a separate snow removal reserve; (c) minimum service standards for snow removal frequency and timing; and (d) allocation between Tenant and Landlord for extraordinary snow events.
6.4 Real Estate Taxes
- Estimated Year 1 Taxes: $[____]/RSF
- Base Year: Calendar Year [____]
Colorado Property Tax Note — CRITICAL:
Colorado's property tax system has unique features that significantly affect commercial lease economics:
Assessment Rate: Following the repeal of the Gallagher Amendment in 2020 (formerly Colo. Const. Art. X, § 3), commercial (nonresidential) property is assessed at 29% of actual value (frozen by statute following repeal). Residential property is assessed at a lower, variable rate (currently approximately 6.7%). This means commercial tenants bear a proportionally higher tax burden.
TABOR (Colo. Const. Art. X, § 20): The Taxpayer's Bill of Rights limits government revenue growth and requires voter approval for tax increases. While TABOR constrains mill levy increases, it does not prevent assessed value increases, which can result in significant tax increases when property values rise.
Reappraisal Cycle: Colorado reappraises property every two years (odd-numbered years), using the prior 18-month data period. The next reappraisal will be reflected in tax bills for 20[____]/20[____].
Tax Protest: Protests must be filed with the county assessor by June 1 of the reappraisal year. Appeals go to the County Board of Equalization, then the Board of Assessment Appeals or district court.
Tax Bills: Due in full by April 30, or in two installments (February 28 and June 15).
Tenants should verify the current assessed value and mill levy, and the Lease should address the allocation of tax increases resulting from reappraisal, new construction, or special district formation.
- Tax Protest Rights: ☐ Landlord shall protest increases exceeding [____]% ☐ Tenant may participate in appeals ☐ Costs/benefits shared pro rata
6.5 Insurance
- Estimated Year 1: $[____]/RSF
- Landlord maintains: property/casualty (replacement cost including hail and wind coverage), CGL, umbrella, and lender-required coverage
- Tenant maintains: CGL ($[________________________________] per occurrence / $[________________________________] aggregate), property insurance for personal property, business interruption, workers' compensation
Colorado Insurance Note: Colorado is among the most hail-prone states. Ensure property insurance includes adequate coverage for hail and windstorm damage without excessive deductibles. Wildfire coverage is also important for properties in the wildland-urban interface, particularly along the Front Range foothills and mountain communities. The Marshall Fire (2021) demonstrated wildfire risk to commercial properties in the Boulder County area.
6.6 Annual Reconciliation and Audit Rights
- Reconciliation within [____] days after calendar year-end
- Tenant audit rights for [____] months following delivery
- Overcharge threshold for audit cost reimbursement: [____]%
7. TENANT IMPROVEMENTS
7.1 TI Allowance
- Amount: $[____]/RSF (total: $[________________________________])
- Application: ☐ Hard costs ☐ Hard and soft costs ☐ FF&E ☐ Other: [________________________________]
- Unused: ☐ Forfeited ☐ Rent credit ☐ Cash payment
- Disbursement: ☐ Progress payments with lien waivers ☐ Upon completion
7.2 Landlord's Work
- Scope: [________________________________]
- Plans: ☐ Mutually agreed ☐ Per Exhibit [____] ☐ Building Standard
- Completion: [__/__/____]
7.3 Tenant's Work
- Plans subject to Landlord approval (not unreasonably withheld)
- Contractors: ☐ Landlord-designated ☐ Tenant-selected, approved by Landlord
- All contractors must be properly licensed and insured
7.4 Construction Defect — CDARA Considerations
Colorado-Specific — Construction Defect Action Reform Act (CDARA):
C.R.S. § 13-20-801 et seq. governs construction defect claims in Colorado. Key provisions affecting commercial lease tenant improvements:
Notice of Claim (NOC): Before filing any construction defect action, the claimant must provide a written NOC to the construction professional. For commercial properties, the construction professional has 90 days to respond (vs. 75 days for residential). The NOC must describe the defects in reasonable detail.
Statute of Limitations: Construction defect claims must be brought within two years of discovery of the defect (C.R.S. § 13-80-104).
Statute of Repose: No construction defect action may be brought more than six years after substantial completion (C.R.S. § 13-80-104).
Commercial vs. Residential: Unlike residential property owners (who are protected by the Homeowner Protection Act), commercial property owners may contractually waive CDARA protections. Review all construction contracts carefully for exculpatory clauses.
LOD Allocation: The Lease should allocate responsibility for construction defect claims between Landlord (for base building and Landlord's Work) and Tenant (for Tenant's improvements).
7.5 ADA and Code Compliance
- Landlord represents Building common areas comply with ADA and applicable codes as of Delivery
- Tenant responsible for ADA compliance within Premises
- Colorado-specific: Green Building Code compliance for municipalities that have adopted the International Green Construction Code (IgCC) or equivalent
8. USE, EXCLUSIVES, AND CO-TENANCY
8.1 Permitted Use
- Permitted Use: [________________________________]
- Zoning/CC&R restrictions: [________________________________]
Colorado Zoning Note: Colorado is a home-rule state, meaning municipalities have broad authority to enact their own zoning codes. Denver, Colorado Springs, Boulder, Fort Collins, Aurora, and Lakewood each have distinct zoning ordinances. Some Colorado municipalities have adopted form-based codes. Additionally, many commercial properties in Colorado are within metropolitan districts or special districts that impose additional requirements and fees. Confirm all applicable zoning, overlay district, and special district requirements.
8.2 Exclusive Use Provisions
- ☐ Tenant exclusive right to operate as [________________________________]
- ☐ Scope: ☐ Entire Property ☐ Building ☐ Shopping center
- ☐ Exceptions: [________________________________]
- ☐ Remedies: ☐ Rent reduction ☐ Termination ☐ Injunctive relief
- ☐ No Exclusive
8.3 Co-Tenancy (Retail / Multi-Tenant)
- Opening Co-Tenancy:
- ☐ Anchor(s) [________________________________] open and operating
- ☐ [____]% RSF occupied and open
-
☐ None
-
Ongoing Co-Tenancy:
- ☐ Reduced rent if conditions fail
- ☐ Termination right after [____] months of failure
- ☐ None
8.4 Tenant Mix
- Prohibited/restricted uses: [________________________________]
- Existing tenants acknowledged: [________________________________]
9. RENEWAL OPTIONS
- Number: [____] options of [____] years
- Rent: ☐ FMV per Section 17 ☐ Fixed [____]% ☐ Greater of FMV or [____]% ☐ CPI (Denver-Aurora-Lakewood MSA)
- Notice: [____] months prior
- Conditions: No uncured default
10. EXPANSION AND RIGHTS OF FIRST OFFER / REFUSAL
- ROFO: ☐ Yes for [________________________________] ☐ No
- ROFR: ☐ Yes — [____] business days to match ☐ No
- Expansion Option: ☐ Yes ☐ No
- Contraction Option: ☐ Yes (after Year [____], with fee) ☐ No
11. SIGNAGE
- ☐ Suite entry signage per Building standard
- ☐ Building directory
- ☐ Exterior / monument signage: ☐ Exclusive ☐ Shared ☐ N/A
- ☐ Pylon signage
- Subject to municipal sign code and Landlord approval
Colorado Signage Note: Colorado municipalities regulate signage extensively. Denver's sign code (Denver Revised Municipal Code, Chapter 10, Article XIII) has specific requirements by zone district. Boulder has particularly restrictive sign regulations. Mountain resort communities (Vail, Aspen, Breckenridge, Telluride) have highly specific design and aesthetic sign requirements.
12. PARKING AND COMMON AREAS
12.1 Parking
- Ratio: [____] per 1,000 RSF
- Total: [____]
- Reserved: [____] at $[____]/space/month
- Unreserved: [____] at $[____]/space/month (or ☐ included)
- ☐ Covered / structured parking: [____] spaces at $[____]/space/month
- EV charging: ☐ Existing: [____] ☐ To be installed: [____] ☐ None
Colorado Parking Note: Several Colorado municipalities (Denver, Boulder) have adopted transportation demand management (TDM) requirements that may affect parking ratios and require alternative transportation amenities. Denver's Green Buildings Ordinance may require EV-ready infrastructure for commercial buildings. Confirm local requirements.
12.2 Common Areas
- Non-exclusive access to all common areas
- Landlord may modify common areas (no material diminishment)
- Loading dock / freight: ☐ Shared ☐ Dedicated ☐ N/A
13. ASSIGNMENT AND SUBLETTING
- Landlord consent required (not unreasonably withheld)
- Permitted Transfers: Affiliates; merger/consolidation/acquisition with minimum net worth of $[________________________________]
- Recapture: ☐ Yes ☐ No
- Profit Sharing: ☐ [____]% to Landlord ☐ None
14. INSURANCE AND INDEMNIFICATION
- Mutual indemnification; mutual waiver of subrogation
- Tenant names Landlord as additional insured
Colorado Insurance Considerations:
- Hail: Colorado is one of the top hail-damage states. Verify property insurance coverage and deductibles for hail damage.
- Wildfire: Properties in the wildland-urban interface (WUI), particularly along the Front Range foothills, face elevated wildfire risk. The Marshall Fire (December 2021) destroyed over 1,000 structures in Boulder County. Consider wildfire endorsements.
- Flood: Colorado is subject to flash flooding. Verify FEMA flood zone status. Properties along the South Platte, Cherry Creek, Bear Creek, and other drainages may require flood insurance.
- Snow/Ice Liability: Colorado's premises liability laws apply to slip-and-fall claims from snow and ice. The Lease should clearly allocate snow/ice removal responsibility and associated liability.
15. SUBORDINATION, NON-DISTURBANCE, AND ATTORNMENT (SNDA)
- Landlord delivers SNDA within [____] days of Lease execution
- Non-disturbance of Tenant's possession if no Tenant default
16. BROKERS
- Landlord's Broker: [________________________________] (Colorado License No. [________________________________])
- Tenant's Broker: [________________________________] (Colorado License No. [________________________________])
- Commission: Per separate agreement
Colorado Broker Note: Under C.R.S. § 12-10-201 et seq., all persons acting as real estate brokers must hold a valid Colorado license. Colorado requires that all agency/listing agreements be in writing (C.R.S. § 12-10-403). Colorado uses a mandatory brokerage disclosure form. Colorado brokers owe specific duties depending on their role: single agent, transaction broker, or customer relationship. The broker's relationship type must be disclosed in writing before substantive negotiations.
- Mutual broker indemnification.
17. FAIR MARKET VALUE DETERMINATION (IF APPLICABLE)
- Negotiation: [____] days from exercise.
- Broker Determination: Each party appoints a licensed Colorado commercial broker with [____]+ years in the [________________________________] market. Independent FMV within [____] days. If within [____]%, average; otherwise, baseball arbitration.
- FMV Definition: Rental rate for comparable multi-tenant space in the [________________________________], Colorado submarket, considering concessions, excluding Tenant-funded improvements and goodwill.
18. BINDING PROVISIONS
Legally binding upon execution:
18.1 Exclusivity
Landlord shall not market, show, negotiate, or enter into any lease or LOI for the Premises during the Exclusivity Period (through [__/__/____]).
18.2 Confidentiality
All terms confidential except to attorneys, accountants, lenders, brokers, and professional advisors.
18.3 Broker Indemnification
Section 16 indemnification obligations are binding.
18.4 Governing Law and Venue
Governed by Colorado law. Exclusive jurisdiction in state or federal courts in [________________________________] County, Colorado. Note: For Denver properties, the City and County of Denver is a single jurisdiction.
18.5 Expenses
Each party bears its own costs.
19. ENVIRONMENTAL AND SUSTAINABILITY
19.1 Environmental Representations
- Landlord represents (to actual knowledge):
- ☐ No Hazardous Materials in violation of law
- ☐ Not on any contaminated sites registry
- ☐ No pending environmental actions
- Phase I/II ESAs to be provided within [____] business days
- Tenant due diligence period: [____] days
Colorado Environmental Note: The Colorado Department of Public Health and Environment (CDPHE) administers environmental regulations, including the Voluntary Cleanup and Redevelopment Program (VCRP) under C.R.S. § 25-16-301 et seq. Verify whether the Property has any VCRP or Brownfields designations. Former mining properties (common in mountain communities) may have legacy contamination. Colorado also has specific regulations for oil and gas operations near commercial properties — check proximity to wells under the Colorado Energy and Carbon Management Commission (ECMC, formerly COGCC) rules.
19.2 Sustainability and Energy Efficiency
Colorado Green Building Requirements:
Several Colorado jurisdictions have adopted aggressive sustainability requirements:
- Denver: The Denver Green Buildings Ordinance (effective 2025) requires benchmarking and performance standards for commercial buildings over 25,000 SF. Denver also has adopted an Energize Denver ordinance requiring energy performance improvements.
- Boulder: Building Performance Ordinance applies to commercial buildings over 20,000 SF.
- Colorado State: The Greenhouse Gas Pollution Reduction Roadmap and C.R.S. § 25-7-105 set state-level emissions reduction goals that may affect commercial building standards.
The Lease should address:
- ☐ Energy benchmarking compliance (Denver Benchmarking Ordinance)
- ☐ Allocation of costs for energy efficiency upgrades required by law
- ☐ Green lease provisions for utility data sharing
- ☐ Solar panel installation rights (if applicable)
- ☐ EV charging infrastructure requirements
20. METROPOLITAN DISTRICTS AND SPECIAL ASSESSMENTS
Colorado-Specific — Metropolitan Districts:
Many Colorado commercial properties are located within one or more metropolitan districts (C.R.S. § 32-1-101 et seq.) or special districts that impose additional mill levies for infrastructure, debt service, and operations. These additional taxes can significantly increase the overall tax burden.
- Confirm whether the Property is within a metropolitan district: ☐ Yes ☐ No
- District name(s): [________________________________]
- Additional mill levy: [____] mills
- Are district assessments included in or excluded from Tenant's tax pass-through? ☐ Included ☐ Excluded
- Business Improvement Districts (BIDs) may impose additional assessments in downtown areas (e.g., Denver's Downtown Denver BID)
21. ADDITIONAL TERMS AND CONDITIONS
- Holdover: [____]% of last month's Base Rent, plus Additional Rent.
- Default Cure Periods: [____] days monetary; [____] days non-monetary.
- Casualty: Standard repair/restoration; address hail damage, wildfire, and flood events specifically.
- Condemnation: Standard provisions; note that Colorado's eminent domain procedures are governed by C.R.S. § 38-1-101 et seq.
- Estoppel Certificates: Within [____] business days.
- Quiet Enjoyment: Landlord covenants.
- HVAC and Altitude: Building HVAC systems should be designed and maintained for Colorado's altitude and climate. Cooling capacity, heating requirements, and air handling may differ from sea-level specifications.
22. TIMELINE AND NEXT STEPS
| Milestone | Target Date |
|---|---|
| LOI execution | [__/__/____] |
| Draft Lease delivery | Within [____] business days |
| Tenant comments | Within [____] business days |
| Lease execution | [__/__/____] |
| Delivery of Premises | [__/__/____] |
| Rent Commencement | [__/__/____] |
23. PRACTICE TIPS AND COLORADO-SPECIFIC NOTES
For Counsel:
Statute of Frauds — Void, Not Voidable: Under C.R.S. § 38-10-108, a lease exceeding one year that is not in writing is void (not merely voidable). This is stricter than many states. The LOI must clearly state it is not a lease and that all terms are subject to a signed definitive Lease.
CDARA (C.R.S. § 13-20-801 et seq.): Construction defect claims for tenant improvements must comply with the NOC process. Commercial property owners, unlike residential owners, may contractually waive CDARA protections — review construction contracts carefully. The 90-day NOC response period for commercial properties is longer than the 75-day residential period.
Property Tax — 29% Assessment Rate: Colorado's nonresidential assessment rate of 29% (frozen by statute after the Gallagher Amendment repeal) is among the highest in the nation for commercial property. Combined with TABOR restrictions on mill levy increases, the system can produce volatile tax outcomes when property values rise. Negotiate clear tax escalation provisions and protest rights.
Metropolitan Districts: Confirm all applicable metro district and special district mill levies. Some Colorado commercial properties carry combined effective tax rates exceeding 100 mills when district overlays are included. Metro district taxes should be clearly addressed in the tax pass-through provisions.
Green Building Compliance: Denver, Boulder, and other municipalities are rapidly adopting energy performance and benchmarking requirements. Allocate compliance costs between Landlord and Tenant in the Lease, including the costs of mandatory energy audits, upgrades, and reporting.
Broker Requirements: Colorado requires written agency agreements (C.R.S. § 12-10-403) and mandatory brokerage disclosure. Ensure proper disclosure of the broker's relationship type (single agent, transaction broker, or customer).
Snow and Ice: Colorado's climate makes snow and ice removal a critical and expensive obligation. Clearly allocate responsibility, define service standards, and consider whether extreme snow events are treated as controllable or uncontrollable CAM expenses.
Oil and Gas: For properties in or near oil and gas producing areas (particularly in Weld County, Adams County, and parts of the Western Slope), confirm proximity to active wells and compliance with ECMC setback rules.
SIGNATURES
Except for the Binding Provisions in Section 18, this LOI is non-binding.
LANDLORD: TENANT:
Entity: _____________________________ Entity: _____________________________
By: _________________________________ By: _________________________________
Name: _______________________________ Name: _______________________________
Title: ______________________________ Title: ______________________________
Date: _______________________________ Date: _______________________________
EXHIBIT A — PREMISES FLOOR PLAN
[Attach floor plan showing the Premises, common areas, and access]
EXHIBIT B — BUILDING SITE PLAN
[Attach site plan with building, parking, common areas, and access points]
Sources and References
- Colorado Revised Statutes, Title 38, § 38-10-108 — Statute of Frauds (Leases)
- Colorado Revised Statutes, Title 38, § 38-12-101 et seq. — Security Deposits
- Colorado Revised Statutes, Title 12, § 12-10-201 et seq. — Real Estate Broker Licensing
- Colorado Revised Statutes, Title 13, § 13-20-801 et seq. — CDARA
- Colorado Revised Statutes, Title 32, § 32-1-101 et seq. — Metropolitan Districts
- Colorado Revised Statutes, Title 38, § 38-33.3-101 et seq. — CCIOA
- Colorado Revised Statutes, Title 25, § 25-16-301 et seq. — Voluntary Cleanup (VCRP)
- Colorado Constitution, Art. X, § 20 — TABOR
- Denver Green Buildings Ordinance
- Americans with Disabilities Act, 42 U.S.C. § 12101 et seq.
About This Template
Real estate documents transfer ownership, define who can use a property, and record agreements between buyers, sellers, landlords, and tenants. Deeds, purchase agreements, leases, and easements have to be drafted to meet state recording requirements, and mistakes show up at closing or years later in title disputes. Good real estate paperwork moves transactions forward quickly and avoids the kind of problems that only surface when it is time to sell or refinance.
Important Notice
This template is provided for informational purposes. It is not legal advice. We recommend having an attorney review any legal document before signing, especially for high-value or complex matters.
Last updated: April 2026