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I) SAMPLE PARKING LEASE LETTER OF INTENT <br />[PROPERTY OWNER] <br />DATE: [Month] [Day], [Year] <br />TO: [Property Owner] <br />[Property Owner Street Address] <br />[City], [State] [Zip Code] <br />RE: Letter of Intent for Parking Arrangement <br />[Property Street Address] <br />Santa Ana, California (the "Property") <br />Please allow this Letter of Intent (LOI) to specify the basic terms and conditions under <br />which [Property Owner] as the "Arranger" will enter negotiations for lease terms on the <br />above described Property: <br />BASIC TERMS OF LEASE: <br />LANDLORD: [Property Owner] <br />TENANT: [Individual residents of First Point Apartments] <br />LOCATION AND SIZE OF PREMISE: [Property Street Address], located in the <br />City of Santa Ana, CA consisting of approximately [Square Feet Size of Space] square <br />feet. <br />INTENDED USE: Parking <br />TERM: [Number of Months] months. <br />PAYMENT: [Dollar Amount] per month. <br />LEASE PAYMENT COMMENCEMENT DATE: Tenant Rent Payments shall <br />commence on [Month] [Day], [Year]. <br />EXCLUSIVE NEGOTIATIONS: Upon signing of this Letter of Intent, Landlord <br />agrees to negotiate exclusively in good faith with Arranger. <br />If the foregoing terms and conditions are acceptable to you, please indicate your consent <br />by counter -executing a copy of this letter below, and thereafter return an executed copy <br />to the Arranger. Upon your delivery of such counter -executed letter, we recommend a <br />meeting to discuss the above. <br />Page 9 of 16 <br />60A-107 <br />