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This Letter of Intent To Purchase Real Estate sets out the proposed terms and conditions between a purchaser and a vendor for the purchase of real estate. 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.


Letter Of Intent To Purchase Real Estate

[to be prepared on letterhead of Buyer]

[Date]

[name of addressee] [address]

Re: Letter of Intent to Purchase Real Estate

Dear Sirs:

It is the intention of the parties that [Name of Seller] (“Seller”) transfer to [Name of Buyer] (“Buyer”) all of the Seller’s right, title and interest in and to the following real estate (the “Property”):

Terms & Conditions

Property Address:

 

Purchase Price

 

Deposit Amount:

 

Down Payment (including deposit):

 

Amount and Type of Loan:

 

Escrow Closing Date:

 

Seller’s Agent:

 

Agent’s Address & Phone No:

 

Acting For (choose one):

____ Seller exclusively, or ____both Seller & Buyer

Buyer’s Agent:

 

Agent’s Address & Phone No:

 

Additional Terms or Conditions:

 

Acting For (choose one):

____ Buyer exclusively, or ____both Buyer & Seller

The transaction described herein is contingent upon the Buyer obtaining a mortgage loan as described above. 

 


Any [ GREEN ] highlighted language is intended to be filled in by the user. Any [ YELLOW ] highlighted language is considered optional or conditional by the attorney community. Consult with an attorney before using this document. This document is not a substitute for legal advice or services. Refer to our Terms of Use for more details.

This form has been prepared for general informational purposes only. It does not constitute legal advice, advertising, a solicitation, or tax advice. Transmission of this form and the information contained herein is not intended to create, and receipt thereof does not constitute formation of, an attorney-client relationship. You should not rely upon this document or information for any purpose without seeking legal advice from an appropriately licensed attorney, including without limitation to review and provide advice on the terms of this form, the appropriate approvals required in connection with the transactions contemplated by this form, and any securities law and other legal issues contemplated by this form or the transactions contemplated by this form.

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