Create Letter of Intent "*" indicates required fields Step 1 of 4 25% HiddenUser Logged In? Contact InformationYour Name* First Last Email*Your completed document will be sent instantly to the following email address. Already have an account?Login now.Delivery MethodWho will send the letter of intent?*In a commercial real estate purchase and sale transaction, a letter of intent is used to commence negotiations between the seller and the purchaser.SellerPurchaserHow will this letter be sent?Electronic MailFaxOtherOther* Purchaser InformationPurchaser's Name* First Last Purchaser's Company Name Purchaser's Address* Street Address City StateAlabamaAlaskaAmerican SamoaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaGuamHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaNorthern Mariana IslandsOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahU.S. Virgin IslandsVermontVirginiaWashingtonWest VirginiaWisconsinWyomingArmed Forces AmericasArmed Forces EuropeArmed Forces Pacific State ZIP Code Purchaser's PhonePurchaser's Email Seller InformationSeller's Name* First Last Seller's Company Name Seller's Address* Street Address City StateAlabamaAlaskaAmerican SamoaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaGuamHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaNorthern Mariana IslandsOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahU.S. Virgin IslandsVermontVirginiaWashingtonWest VirginiaWisconsinWyomingArmed Forces AmericasArmed Forces EuropeArmed Forces Pacific State ZIP Code Seller's PhoneSeller's Email Property InformationProperty Address* Street Address City StateAlabamaAlaskaAmerican SamoaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaGuamHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaNorthern Mariana IslandsOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahU.S. Virgin IslandsVermontVirginiaWashingtonWest VirginiaWisconsinWyomingArmed Forces AmericasArmed Forces EuropeArmed Forces Pacific State ZIP Code Include legal description of the property?*Please note that a legal description is not required on the letter of intent, but must be included on any future sale agreement. Yes No Legal Description of the Property*The legal description can typically be found on the land title or in a mortgage agreement. If you are unsure you can contact the county’s Probate office and the Registrar of Deeds should have a copy of the information.Include a more detailed description of the property?*Even though a letter of intent is not a legally binding document, it is important to include specifics to avoid confusion and eliminate issues down the road. Yes No Detailed Description of the Property*If the property is a parcel of land, it is usually sufficient to just include the address. However, if the property can be described better using a metes and bounds description, you may want to include that as an attachment to the letter of intent.Does the property go by any other name?*The common name may be the name of a historical original owner or business. Yes No Common Name of Property* Purchase PriceWhat is the purchase price?*Will the purchaser pay a deposit?* Yes No Deposit Amount*Deposit Date* MM slash DD slash YYYY Terms and ConditionsWould you like to add any other terms to the letter of intent?Select all that apply. The real property is subject to approval of financing Seller will complete all repairs before closing date Items to be excluded from the sale Describe in detail all required repairs:An example of a repair may be to paint a wall, or fix any cosmetic issue. It depends on what the parties are agreeable to and what the seller is willing to fix. Add RemoveDescribe in detail any excluded asset or fixture:A fixture may include a dishwasher, or other appliances. Add RemoveAre there any additional terms?*An additional provision can be included to any issues or terms that may be specific to this sale. Yes No Explain any additional terms you wish to include:*Be sure to use one paragraph per additional provision. Refer to the parties as they are listed in the letter such as Purchases or Seller instead of You, I, We, etc. Be sure to use language that is easy to understand and clear to all the parties involved in this transaction.Important DatesEffective Date*The effective date of the agreement must be determined before preparing the letter of intent. This is important because the timing of specific items will be determined according to the date of the letter of intent. The parties are encouraged to verify the date on the finalized letter of intent before executing the letter of intent. MM slash DD slash YYYY Acceptance DateLeave blank if not available. MM slash DD slash YYYY When will the property be transferred to the Purchaser?* MM slash DD slash YYYY When will the Purchaser take official possession of the Property?* MM slash DD slash YYYY PDF Preview Full Screen Rotate your phone sideways for larger preview. Almost there! Complete secure checkout on the next page to receive your PDF without any watermarks or restrictions. Click “Previous” if you still have some edits to make.PhoneThis field is for validation purposes and should be left unchanged. Over 13K+ Reviews And 100K+ happy customers 100% Private & Secure Your important data protected
