Crafting a Letter of Intent for Buying or Renting Real Estate

Rent - Commercial Real Estate

Are you looking to purchase or rent a property and need a preliminary agreement to serve as the basis for the final contract? A Letter of Intent (LOI) is a non-binding agreement that outlines the principles of a sales or lease contract. Its purpose is to have a draft contract that can later evolve into a final contract, usually in the form of a purchase agreement or lease agreement.

According to Type (4)

• Rent Commercial Real Estate
• Rent Residential Real Estate
• Purchase Commercial Real Estate
• Purchase Residential Real Estate

If you want to download a template for a Letter of Intent to purchase or rent real estate, click on the links below:

• Download: PDF, MS Word, OpenDocument

Rent - Residential Real Estate

If you're interested in renting a residential property, we also have a template specifically for you. You can download the rental templates below:

• Download: PDF, MS Word, OpenDocument

Purchase - Commercial Real Estate

If you're interested in purchasing a commercial property, we also have a template specifically for you. You can download the purchase templates below:

• Download: PDF, MS Word, OpenDocument

Purchase - Residential Real Estate

If you're interested in purchasing a residential property, we also have a template specifically for you. You can download the purchase templates below:

• Download: PDF, MS Word, OpenDocument

Table of Contents

• Real Estate Letter of Intent: According to Type (4)
• Is a Letter of Intent Binding or Not?
• How a Letter of Intent Works (5 Steps)
• Template - Letter of Intent for Buying or Renting Real Estate
• How to Write a Letter of Intent

Is a Letter of Intent Binding or Not?

Determining whether a letter of intent is legally binding or not is a decision made by the parties involved. Once this decision is reached, a statement indicating the binding status of the document should be integrated into the language of the form. If such a statement is missing, protecting the enforceability of the agreement in court will be more difficult, and the case may be dismissed due to uncertainty about the letter's intent.

How a Letter of Intent Works (5 Steps)

1. Buyer/Lessee Reviews the Property
2. Parties Negotiate
3. Agreement Becomes Effective
4. Due Diligence Phase
5. Conclusion

Template - Letter of Intent for Buying or Renting Real Estate

If you want to know how to write a Letter of Intent to purchase or rent real estate, you can download the templates below:

• Download: PDF, MS Word, OpenDocument

How to Write a Letter of Intent

If you want to know how to write a Letter of Intent to purchase or rent real estate, follow the steps below:

1. Sender's Address.
2. Effective Date of Intent into a Contract.
3. Recipient's Address.
4. Subject Line.
5. Identify the Parties Involved.
6. Buyer/Lessee Identification.
7. Seller/Lessor Name.
8. Property Address.
9. Additional Description.
10. Real Estate Transaction.
11. Financial Conditions.
12. Bank Financing.
13. Purchase Conditions.
14. Closing Date.
15. Closing Costs.
16. Possession.
17. Property Inspection.
18. Disclosure Reports.
19. Termination Agreement.
20. Lease Conditions.
21. Dealing with Expenses.
22. Lease Term.
23. Lease Termination Conditions.
24. Binding Effect.
25. Additional Terms.
26. Governing Law.
27. Acceptance.

Buyer/Lessee

1. Buyer/Lessee Signature.
2. Printed Name of Buyer/Lessee.
3. Date Signed.

Seller/Lessor

1. Seller/Lessor Signature.
2. Printed Name.
3. Date Signed.

If you need more information on writing a Letter of Intent for buying or renting real estate, download the corresponding templates or contact us.