Non Binding Letter Of Intent To Purchase Property printable pdf download

Non Binding Letter Of Intent To Purchase Property

NON BINDING LETTER OF INTENT TO PURCHASE

________, 20___

____________________

Via Facsimile: _______________

and U.S. Mail

Re:

__________________

Dear ________________:

Pursuant to our recent conversations, please accept this Letter of Intent to Purchaser on behalf of

_________________________________. The purpose of this Letter of Intent is to develop a

_____________________ on the property. This Letter of Intent supersedes any and all previous

offers of Purchaser, whether written or verbal.

Terms of the acceptable final Purchase Agreement would be based upon the following:

Purchaser:

Seller:

Property:

Municipal Address:

Description:

Legal Description attached as Exhibit A:

Price:

$___________________

Deposit:

$___________________

Due Diligence:

Purchaser requires appropriate zoning for their use prior to Act of Sale. It

is estimated that approximately __________ (_____) days are needed,

after full execution of a Purchase Agreement, to perform the inspection

of the Property and to remove contingencies and obtain the necessary

zoning.

Act of Sale:

Thirty-(30) days after expiration of due diligence, but not later than

___________, 200_. All Closing Costs shall be paid by the Purchaser.

with the exception of the following: a. costs of Seller’s attorney, b. fees

incurred by Seller to render Seller’s Title valid and merchantable, c. all

brokers’ commissions due and payable at the Act of Sale by the Seller

and d. all improvement liens and assessments bearing against the

Property at the time of closing,

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Non Binding Letter Of Intent To Purchase Property