![H-Teal (1).svg]](https://help.occupier.com/hubfs/H-Teal%20(1).svg){kind=small}
What are Deal Stages?
Within the Transaction Management module, Occupier has built canned deal stages to help real estate teams manage their deal pipeline movement:
- Planning - The phase of a new deal includes making decisions about square footage requirements, costs, location, etc.
- Touring - This is where the fun starts! You get to start looking at spaces in-person or virtually to see if it meets your business needs.
- Negotiation - Congrats! You have found a space that meets your organization's needs. Now you can start negotiating the terms and conditions of the lease agreement with the landlord.
- LOI - The letter of intent (LOI) is a non-binding contract that is typically presented by the Tenant Rep Broker to the Landlord
- Legal - Now both legal parties will review the lease agreement.
- Build Out - The space is officially yours, now you can build it out for your needs. And tag your construction and facilities teams for support.
Read more here about: Navigating the Deal Process from Planning to LOI and Build Out.
Want to create custom deal stages that resonate most for your business? Learn how here.