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The Filipino Entrepreneur
The Filipino Entrepreneur

Online resource of Entrepreneurship, Technology, Gadgets and Blogging

Businessman Writing

Sample Letter of Intent to Rent a Space in a Mall

Manny, January 17, 2012May 23, 2017

This week I was inquired by my sister-in-law what business I have in mind that we might start this year. The truth is, I have my own plan of starting an online business (again!) but wasn’t sure if it will succeed because the items I like to sell are only focused on hobbyist and those interested on that hobby. The items are also expensive but I was really interested on it, in fact is also my passion.

Businessman Writing

But I’ll set it aside for now and focus on a more realistic approach. My wife suggested that we should try a food card business and she choose a food cart that sells pizza. I was at first hesitant because the brand name is not popular. I saw another one, a nacho food cart that I think might be a good choice because I’ve seen it on malls like SM and Robinsons department store and the business has been running since 1995.

So the first thing I have in mind is where to place that food cart. Although I have been warned by a friend before that choosing a place like SM or Robinsons Dept store will not give you much profit because the cost of the rent or lease is impossible to produce just selling on food carts. He told me that the cost is roughly 20 to 25k a month in which you will only have an average profit or just break even. I tried to ask the SM administration about the cost of the rent but she said they can’t give it until I send a letter of intent or LOI and have evaluated my proposal which is also stated on SM Supermall website. If you are interested to rent a space there, you can visit SM Leasing Services page.

So here is the sample of the letter of intent to rent a commercial space:

Ms Laureen Uy
Zone Administrator
Twin Dragons Supermall

Dear Ms. Uy,

This is an official letter from NC Foods to inform you that we are very interested in leasing a commercial space in Twin Dragons mall.

We are in the business of selling NC Potato fries and chips and we are in the market since 1990. Our products includes 5 varieties of potato fries and chips. We also sell beverages. Our clients are usually teenagers and kids and also those who enter theaters.

NC Potato fries and Chips food cart that we plan to put up will require 3 square meters and an electrical power outlet for the coolers, freezers and cash register. A stove and an LPG tank is also included in the food cart for cooking. The food cart is manned by two employees. Attached is a photo sample of our food cart in other existing branches located in other malls inside and outside metro manila.

You can contact us at 123-4567 from Monday to Friday, 9am to 5pm for any clarifications required and for discussing this deal. Hoping we can possibly came up with a business deal since our target market is almost similar.

Yours respectfully,

Mr. Manny Morales
Sole Proprietor
NC Foods – Potato fries and Chips

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Comments (34)

  1. Maria Gloria Adan says:
    January 2, 2023 at 2:10 pm

    Thank you. This helped me.

    1. Manny says:
      January 10, 2023 at 1:08 am

      Hi Maria Gloria, you’re welcome!

  2. Bright Mwaba says:
    May 4, 2020 at 6:35 pm

    This is interesting, I really want to join this as well

  3. mojica mae san jose says:
    January 31, 2020 at 1:33 pm

    sir pwede p mag patulong pano gumawa ng letter of intent .pamg tatayo po kc ako ng palaruan sa mall..

  4. zab says:
    February 21, 2019 at 5:25 pm

    Hi, paano ang LOI kapag franchise, ” in behalf of ( sample dunkin donut) dunkin D, i would like to” or parang part na ako ng DD?

    1. Kat says:
      March 16, 2019 at 11:08 pm

      Hi may sample ka na po ng LOI para sa pag ffranchise?

  5. Ayesha says:
    February 19, 2019 at 2:44 pm

    Hi, pano po magsubmit ng LOI and business concept sa mall kung hindi via email. Sa brown envelop po ba yun nilalagay or folder. I just want to look professional. Thanks!

  6. Eva Torres says:
    October 27, 2018 at 11:55 am

    Pwede po bang makahingi ng SAMPLE ng Rental Agreement yun lang pong very basic..may apt. po ako at may gustong mag rent ng space – Cart lang po ilalagay:
    Width – 2 ft
    Length – 5 ft
    Height – 7 ft
    Daily pay is P150.00 at monthly electric pay is P200.00..di sila magbabayad ng daily pay if hindi sila nagtinda…ok lang poba yon?
    Need your help po.
    Thanks in advance…
    Ms. Eva Torres

  7. Enalyn guinocor says:
    October 6, 2018 at 6:52 pm

    Sir gud pm pwede po ba mag hingi ng draft para makakuha ng discount for leasing a commercial space sa loob ng mall

  8. marcy says:
    August 18, 2018 at 11:19 am

    Gud day sir just wondering would u know how much is d prof.fee for d atty if i ask legality of frnchising a food business of my own.i hav no idea thanks in advance

    1. Manny says:
      August 21, 2018 at 1:03 pm

      Hi Marcy, I also don’t have an idea because this is the first time
      I read about having a need for an atty just to set up a franchising business. What I know is you only need business permit and DTI registrations to set up a business.

  9. Mayen says:
    August 16, 2018 at 8:16 am

    Hi Manny, I’m a newbie in leasing a space in a mall. Your LOI sample is very helpful. Thanks for sharing. Question, kailangan ba na DTI registered na ang business before sending the LOI? Planning to send kasi by next week. We already sell our produce sa boulevard and sa public market occasionally kapag may harvest but we want to develop our food product and make our organic produce accessible to all.

    1. Manny says:
      August 21, 2018 at 12:55 pm

      Not sure kung kailangan ng DTI registration but I think it is better to have your business registered. Pwde ka naman mag register online. Just go to the DTI website.

  10. Jessica Ann C. Hembrador says:
    July 12, 2018 at 3:52 pm

    Good pm. Need your help to make LOI for leasing inside the mall that is still under construction. Also I don’t have exact type of business right now because as I’ve said, the mall is still under construction.

    1. Manny says:
      July 16, 2018 at 3:27 pm

      Hi Jessica, you need to describe your business and declare your business name in the letter of intent. Just follow the pattern on the sample given above.

  11. jennie says:
    July 12, 2018 at 12:32 pm

    hi sir,,,gusto ko pong mag lease ng space sa school…kailangan po ba tlga may business name,newbie pa po ako sa negosyo..yung business name na ilalagay po ba eh naka register na sa dti?bagohan palang po ako…

    1. Manny says:
      July 16, 2018 at 3:25 pm

      Hi Jennie, please visit the DTI website and you can search their website to check if your business name is already taken. You can also register your business name online.

  12. Evelyn Ducay says:
    May 4, 2018 at 7:28 am

    Hi sir can u write a letter of intent for leasing a stall in a mall,with 3 squar meter.im selling cellphone and accessories..thanks in advance…

    1. Manny says:
      May 4, 2018 at 10:12 pm

      Hi Evelyn, it easy to write a letter of intent. Just describe the things you are going to sell and describe your business and the kind of business you are going to run in the mall. Use the example above.

  13. Edsel-carlina pabillo says:
    January 10, 2018 at 1:07 pm

    Good afternoon sir can i ask a draft letter of intent to rent space inside the school… we are planing to sell burgers, fries,siomai, buko juice. Thank you so much

    1. Manny says:
      May 4, 2018 at 10:09 pm

      Hi Edsel, just use the above example on my post above. Just describe your food cart and what kinds of food stuffs you are going to sell like the example above.

  14. Rey Gacusan says:
    December 2, 2017 at 9:33 am

    Hi sir,

    Can I have a letter of intent to rent a space in a hotel. Our business is salon and spa.

    Rey Gaucsan

  15. odeh grace says:
    October 2, 2017 at 5:27 pm

    Your Comment Here..God bless you.this has been really helpful.

  16. Jesseica Unto says:
    August 5, 2017 at 8:08 pm

    Hi Sir, good day!

    I am planning to rent a space in the mall. Can you give me a sample of intent letter?

    Thank you

  17. Lency Balekier says:
    July 11, 2017 at 5:23 pm

    Hello could you help me draft a professional email that i can send to potential clients on the office space i have in my building that i am renting.Please need it urgently

    1. Manny says:
      July 11, 2017 at 5:27 pm

      Hi Lency, you can use the above example in my post.

  18. jing says:
    April 26, 2017 at 2:27 pm

    hi, can u help me how to write a letter of intent for leasing a stall in a mall, i put up a business like smart padala, loto, load & xerox.

    thanks.

    1. Manny says:
      July 11, 2017 at 5:27 pm

      Hi Jing, you can use the above example in my post.

  19. saeed osmans says:
    February 25, 2017 at 4:38 pm

    first thanks sir the second is there a templates for such business letters if yes where i can check and how

  20. Rodecson says:
    November 7, 2016 at 3:15 pm

    Hi sir! I am planning to rent a space in a goverment property. Can you give me a sample of letter of intent. I will sell school supplies.

  21. stephanie says:
    October 2, 2015 at 7:00 pm

    hi,

    is there are a chance that the mall will grant first time business owner? I am planning to put up a playhouse in our province at SM mall but this would be my first business venture. do malls give chance to first timers?

    1. Manny says:
      October 3, 2015 at 11:01 pm

      Hi stephanie,

      Of course they will give you a chance as long as you comply to their requirements and able to pay the rent.

  22. danielle (male) says:
    October 30, 2012 at 10:37 am

    hi do you know of a space available within manila thank you

    1. Edgar says:
      July 5, 2017 at 5:56 pm

      Yes i have a slot within recto near stacruz church

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