Designed and made in Canada
Deals · Real estate
Every lease draft, in one room
A letter of intent, a counter, a work letter, a renewal option. The broker, the landlord, the tenant and their attorneys all need to be reading the same draft. A deal gives that one lease a shared room for sixty days, for one price per lease.
The problem
Drafts travel between two brokers, a landlord, a tenant and two law firms by email. Somebody comments on last week’s version, and nobody can say which points are still open without rereading the whole lease.
How Termsroom handles it
- Every draft is kept in order with its date and who sent it, with what changed from the last one.
- The points still open, such as rent, term, tenant improvements and renewal, are listed, and each one agreed is recorded.
- Your side keeps a private room for your client and your team. The other side sees only the shared table.
- The other side and their advisers join free, and need no storage of their own.
What you end up with
The full history of the lease, from first letter of intent to agreed terms, kept read only for the file once the deal ends.
Where it fits
Commercial leases
Office, retail and industrial leases, new or on renewal.
Letters of intent and counters
The rounds before a lease is drafted, kept in order.
Renewals and amendments
A renewal option exercised, or a change to a lease in force.
Residential leases
Where a landlord or property manager negotiates terms with a tenant.
What it costs
Your first deal is free. After that, each lease is $150 for sixty days.
- Sixty days per deal. A thirty-day extension is $50, up to two per deal.
- A brokerage with many leases can buy five for $500 or twenty-five for $1,945, or take Deals Unlimited at $4,995 a year for up to 25 people.
Launch prices, the same figure in US or Canadian dollars, for purchases made until October 31, 2027. Until buying deals online opens, write to sales@termsroom.com.
Worth knowing
- It does not sign the lease. Sign it the way you do today, with your e-signature tool or on paper.
- It does not give legal advice or tell you what to accept. Your attorney and your brokerage still do that.
- It does not tell you whether your records meet your state’s rules. It gives you a dated record to show them.
A question? Talk to us.
Buying, a security review, a purchase order, or a question about your own situation: write to us and a person on the team will reply.