Non Binding Letter Of Intent To Purchase Property (Page 2 of 2) in pdf

Title/Survey:

At the cost of Purchaser, however Seller will supply Purchaser with

copies of all existing surveys of the Property in its possession, any

additional surveys to be paid by Purchaser.

Subdivision:

Any further subdivision of the Property shall be at expense of Purchaser.

Purchase Agreement:

To be prepared by Purchaser upon mutual acceptance of the terms of this

Letter of Intent and delivered to Seller with Ten (10) days of acceptance

of this Letter of Intent. The Purchase Agreement shall contain provisions

customary for a transaction of this size and nature, including

representations and warranties and closing conditions as are mutually

agreeable to the parties.

Utilities:

Purchaser requires standard municipal water and sanitary sewer, gas

service, telephone, electricity and storm sewer.

Zoning:

Subject to appropriate zoning necessary for the operation of the intended

use.

Signage:

Requires exclusive use of the maximum allowable signage on site and

subject to Parish approvals.

Environmental:

Purchaser cannot be responsible for any existing contamination or

underground storage tanks at the site. Purchaser will require copies of

whatever environmental information that Seller may have in their

possession, Purchaser does not anticipate environmental problems or

inordinate delays in developing the subject site.

Brokerage:

As provided for in the Listing Agreement, a brokerage fee equal to

_______ (___%) percent of the total sales price to be paid by the Seller at

Act of Sale. Brokerage fee to be paid to __________________________.

The parties agree that this Letter of Intent is not binding and is not intended to create any

agreement or obligation by either party to negotiate a definitive Purchase Agreement and imposes

no duty on either party to continue negotiations. The parties intend that neither shall have any

contractual obligations to the other with respect to the matters referred herein unless and until a

definitive Purchase Agreement has been fully executed and delivered by the parties

I look forward to working with you in finalizing a Purchase Agreement. Please call me at

________________ with any questions that you may have. Thank you for your interest and

consideration.

Sincerely,

Agreed to and Accepted:

Purchaser:

Seller:

by:

Date

by:

Date

337889-1

Non Binding Letter Of Intent To Purchase Property Page 2

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