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A request for proposal (RFP) is a useful tool when looking to lease commercial space. Similar to a letter of intent, an RFP is a template questionnaire that landlords respond to with information about available sites. Tenants can use an RFP to compare and contrast different opportunities in a standardized way. This document can outline tenant requirements, space size, and landlord concessions. RFPS cover various aspects such as tenant information and ADA accessibility, with some elements being objective and others subjective. It is useful not just for leasing but also for commercial condo scenarios.
