Sample letters of intent are available for different purposes; including letters to document the intention to buy real estate. These letters also known as LOI are useful to present the agreed upon terms of a real estate purchase without actually signing a contract. Letters of intent are drafted and signed before formal agreements and contracts are executed. They may or may not lead to final negotiations with a commitment to buy.
Letter of Intent to Purchase Real Estate Property
In a letter of intent to purchase real estate the two parties are agreeing to perform certain duties or to refrain from performing those duties. Also, they are agreeing to include some terms and exclude others from final negotiation.
