Sample Letter Of Intent Real Estate. If both parties are ready to. The letter of intent provides for the purchase price, deposit, financing and states that the letter of intent is not legally binding on either party, before a formal purchase agreement is executed. [name of addressee] [address].
This sample letter of intent to purchase is a great example of how to communicate your intentions.
A letter of intent to purchase is given by a buyer to the seller of a real estate property.
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Intent to Purchase Real Estate Letter (with Sample)
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Sample LOI Letter of Intent Financing Period: Upon waiver of contingencies, Buyer shall have obtained a loan application detailing terms acceptable to Broker - Principals of the Buyer are licensed real estate brokers in [state], and are acting as principals only. In business, a Letter of Intent is used when a negotiation is getting serious, as it helps. Such an agreement can be anything from a Share Purchase Agreement, Asset Purchase Agreement to Joint Venture Agreement.