Letter of Intent (LOI) to Purchase Commercial Real Estate

Letter of Intent (LOI) to Purchase Commercial Real Estate

Submitted by rebecca82 on

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Here's a form to make an offer to purchase commercial real estate.  The offer is known as an LOI, or a letter of intent in the business of commercial real estate.  The LOI here is one that can be customized; however, you really should have a broker or an agent with his or her own forms that you can use with a live transaction.  This LOI is simply an example of what one might look like.

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                                             LETTER OF INTENT TO PURCHASE

                                                                 REAL ESTATE

 

 

DATE:                       

 

TO:                

 

FROM:          

 

RE:                

 

Dear Mr. ________________,

 

After having made a preliminary inspection of the above-referenced real estate, I am hereby offering to purchase the Property at the price and terms outlined below.  Upon mutual execution of this Letter of Intent to Purchase, a formal Purchase Agreement between Buyer and Seller shall be drafted by Buyer, incorporating the terms and conditions specified herein, plus any other terms and conditions that are mutually acceptable by Seller and Buyer.

 

 

TERMS AND CONDITIONS

 

 

  1. PROPERTY:  The ______ apartment complex located at ____________   (the "Property").  ______ County Tax Parcel #______.

 

  1. SELLER:  ______  or current owner of record.

 

  1. BUYER:  ______  or nominee.  Buyer shall have the right to nominate an ______ Limited Liability Company to be formed as Buyer in this transaction.

 

  1. PURCHASE PRICE:  ______ Dollars ($______).

 

  1. 5.      TERMS:  

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