Create Letter of Intent
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Specify who is sending this LOI and how it will be delivered.
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Letter of Intent
This Letter of Intent ("LOI") is made effective as of _______________, by the party identified below:
Purchaser
_______________
_______________
_______________
Seller
_______________
_______________
_______________
Property Description
_______________, _______________
Purchase Terms
Purchase Price: _______________
Timeline
Effective Date: _______________
Transfer/Closing Date: _______________
Possession Date: _______________
Non-Binding Disclaimer: This Letter of Intent is intended to express the general intentions of the parties and does not constitute a binding agreement. A binding purchase agreement will be negotiated and executed by the parties following acceptance of this LOI. Neither party shall be legally bound by the terms herein until a formal purchase agreement is executed by both parties.
IN WITNESS WHEREOF, the parties have executed this Letter of Intent as of the date first written above.
Purchaser Signature
Name: _______________
Date: _______________
Seller Signature
Name: _______________
Date: _______________