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Letter of Intent To Purchase Real Estate

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letter of intent to purchsae real estate 

Letter of Intent To Purchase Real Estate

File Type: Word          Price: $9.99            Add Letter of Intent To Cart:

                                  

Summary: This letter of intent to purchase real estate is great for all types of real estate transactions including both residential and commercial real estate. This letter of intent details all of the necessary information need for a successful real estate transaction, including the deposit, the review period, purchase price, closing costs, binding nature, indemnities, and more. 

 

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Other Letters of Intent:

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General, Multi-purpose Letter Of Intent   (see more details>>)

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Asset Purchase Agreement   (see more details>>)

Secured Term Loan Agreement   (see more details>>)

 

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Print on Buyers Letterhead 

Date 

Seller Name

Seller Address Line 1

Seller Address Line 2

Fax:

Phone:

Email:

 

Letter of Intent to Purchase the Property at:  [add address]

Dear _____________: 

This letter constitutes a Letter of Intent (LOI) to purchase the above referenced property owned by _____________________.   The terms and conditions under which Buyer would enter into a Purchase and Sale Agreement (Contract), which will be prepared by Seller or its counsel, are as follows: 

Name of Buyer or Entity:           

Purchase Price:                                                                                             

Deposit:   Upon mutual execution of the Contract, Buyer shall deposit the greater of (i) ten percent (10%) of the Purchase Price or (ii) Fifty Thousand Dollars, in escrow with the Title Company designated by the Seller per below. The Deposit will become non-refundable at the expiration of the Review Period. In the event the transaction fails to close on or before the closing date as a result of a breach by the Buyer, the Seller shall retain the Deposit as liquidated damages. 

Review Period:   Buyer shall have twenty-one (21) days from the Effective Date of the Contract to complete its due diligence.  In the Contract, Buyer acknowledges that the sale of the Property to Buyer is made solely on an AS-IS, WHERE-IS, WITH ALL FAULTS basis.  Copies of all data and work product compiled by or at the request of Buyer about the Property, including, but not limited to, all feasibility and property studies, audits, and environmental studies will be delivered to Seller (at no charge to Seller) when received by Buyer. 

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