Letter of Intent To Purchase Real Estate

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Print on Buyers Letterhead 

Date 

Seller Name

Seller Address Line 1

Seller Address Line 2

Fax:

Phone:

Email:

Letter of Intent to Purchase the Property at:  [add address]

Dear _____________: 

This letter constitutes a Letter of Intent (LOI) to purchase the above referenced property owned by _____________________.   The terms and conditions under which Buyer would enter into a Purchase and Sale Agreement (Contract), which will be prepared by Seller or its counsel, are as follows: 

Name of Buyer or Entity:           

Purchase Price:                                                                                             

Deposit:   Upon mutual execution of the Contract, Buyer shall deposit the greater of (i) ten percent (10%) of the Purchase Price or (ii) Fifty Thousand Dollars, in escrow with the Title Company designated by the Seller per below. The Deposit will become non-refundable at the expiration of the Review Period. In the event the transaction fails to close on or before the closing date as a result of a breach by the Buyer, the Seller shall retain the Deposit as liquidated damages.