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When searching for commercial lease space, it's important to compare available opportunities, which is where a Request for Proposal (RFP) becomes useful. An RFP is a template questionnaire, similar to a letter of intent, that landlords complete to provide potential tenants with detailed information about their sites. While commonly used by tenants leasing spaces, RFPs can also be applicable in scenarios involving for-sale commercial condos. They allow for a straightforward comparison of deals by presenting key details in a consistent format. RFPs may outline tenant space requirements and include landlord concessions, addressing both objective information and subjective aspects like ADA accessibility.
