Letter of Intent Template

PDF: Letter of intent template 2020.01.29

Word: Letter of intent template 2020.01.29

NON-BINDING LETTER OF INTENT

FOR POSSIBLE CONTRACT FOR SALE OF REAL PROPERTY

Possible Seller: ___________________________________

Possible Buyer: ___________________________________

Date: ___________________________________, 20_____

This is a non-binding letter of intent that contains provisions that are being discussed for a possible purchase of real property described below from the possible Seller named above to the possible Buyer named above. This is not a contract. This is not a legally binding agreement. This is not an offer the acceptance of which could create a contract. This is merely an outline of possible terms and provisions for discussion purposes only. No one may rely upon this document or use it as the basis for a claim of promissory estoppel. This letter of intent is confidential and shall not be disclosed to anyone other than Possible Seller and Possible Buyer and their employees, attorneys and accountants and the possible lenders of the Possible Buyer. The terms of the transaction being discussed are set forth below, but these terms (and the possible sale itself) are not binding unless and until they are set forth in a written contract signed on paper by both Possible Seller and Possible Buyer:

Price:

Payment:

Real Property:

Closing:

Closing costs:

Financing:

Inspection:

Conveyance:

Title insurance:

Survey:

Affidavit:

No brokers: