4.Adjustments and pro_rations shall be made at Closing for rent, utilities, and property taxes. 5.Buyer must find acceptable financing for a portion of the purchase price. (could be a contingency) 6.Seller shall assist in delivering, and Buyer must receive, a lease agreement with rates and terms that are acceptable to the Buyer for the property at specified address.
The significance of the letter of intent is also seen in the real estate field for it can tell a property owner of a person wishing to buy. It can also play a significant role in cases of disabled persons whose parents have passed on by showing the intention of the parents to the child.