Standard Form Of Letter Of Intent printable pdf download

EXHIBIT A

(Standard Form of Letter of Intent)

_______________ __, 20__

Re:

Invitation to Negotiate

[

] Property

Dear _______________:

This letter sets forth the proposed basic terms for the negotiation of a Purchase and Sale

Agreement for the above-referenced Property.

Seller:

Buyer:

Property:

The Property is located at ____________________ in ______________

County, City/Village/Town of _____________, State of ____________, and includes all buildings and

improvements, if any, located on the real property and that is owned by Seller.

Purchase Price:

A total of _______________________ and ___/100 Dollars

($_______.___). The Purchase Price shall be payable as follows:

Deposit: Upon execution of a binding Purchase and Sale Agreement, Buyer shall deposit

_______________________ and ___/100 Dollars ($_______.___) into Escrow (defined below) (which

together with any interest earned thereon is referred to thereon as the “Initial Deposit”). The Initial

Deposit shall be released to Seller after expiration of the Due Diligence Period (defined below). Upon

expiration of the Due Diligence Period, Buyer shall deliver to Seller an additional deposit (“Additional

Deposit”) in the amount of _______________________ and ___/100 Dollars ($_______.___). The Initial

Deposit and Additional Deposit (collectively, the “Total Deposit”) shall be credited to the Purchase Price

upon the Close of Escrow (defined below) or shall be retained by the Seller as nonrefundable liquidated

damages if Buyer fails to acquire the Property for any reason after expiration of the Due Diligence Period

other than due to the default of the Seller under the Purchase and Sale Agreement.

Balance of Purchase Price: The balance of the Purchase Price shall be deposited in

Escrow at least two (2) business days prior to the Close of Escrow or such earlier date as may be required

by the Escrow Agent (as hereinafter defined) under applicable law. The balance of the Purchase Price

shall be paid to Seller upon the Close of Escrow. The Purchase Price and Total Deposit shall be paid in

immediately available federal funds of the United States.

Closing: The Closing of Escrow shall occur on or before __________________, 20__

(the “Closing Date”).

A-1

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Standard Form Of Letter Of Intent