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006 Letter Of Intent Construction

006 Letter Of Intent Construction Impressive Contract Contractor Sample To Award

Once you have an idea as to the big picture items of the deal, it is time to get to the small items. Funny thing is in most purchase agreements nothing is small. In the Purchase Agreement we talk about things like: 1. Possession Date 2. Contingencies 3. Financing 4. Inspections of the property, leases, and other documents 5. What happens if we close on time? 6. What happens if we do not close on time? 7. Rent credits, prorations, etc. And much more...

While the purposes of letters of intent will vary from situation to situation here are a few examples of why a letter of intent is used: To come up with and provide safeguards for the interested parties in the case of a potential deal falling apart.

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