Letter of Intent to Puchase Real Estate <Letterhead of Landlord/Seller> <Date> **<tenant name**> <**tenant address**> Re: "Letter of Intent" to lease space Dear <**name**> This Letter of Intent ("LOI") outlines the terms upon which the Tenant/Buyer and the Landlord/Seller (whose identities are described below) will be willing to pursue further negotiations to enter into a lease-purchase contract for a commercial building being developed by the Landlord/Seller at <**enter location**> This LOI is not binding upon either the Landlord/Seller or the Tenant/Buyer and will not create any legal rights or liabilities for or against either party, but rather outlines the terms upon which the two parties would be interested in entering into a proposed lease/purchase "Lease/Purchase"). The parties agree that the Lease/Purchase shall set forth the terms as stated herein and shall be use "boilerplate" provisions commonly utilized by attorneys in Florida for in preparing the documentation for similar transactions. The major terms to be included in the Lease/Purchase are as follows:
Construction of the Premises be commence by the Landlord/Seller by approximately: __________________. The Landlord/Seller anticipates having the Premises ready for delivery to Tenant/Buyer by approximately: _____________________ If the foregoing terms meet your approval, please sign below and return this letter to me. I will then have a lease/purchase agreement prepared for your review and execution. Please contact me if you any questions. Sincerely Yours <**president's name**> <**title**> Acceptance and Approval Agreed to and accepted this ____ day of ___________, 200__ by the Tenant/Buyer ______________________________ <**enter name**> |