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008 Project Completion Letter Format Doc Valid Intent For Internship Thank You Pletion Of

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A letter of intent (LOI) must have five basic elements in its content: 1.The buyer's name 2.The property address and description 3.Your offer which includes: a.Purchase price b.Down payment c.Terms d.Conditions e.Due diligence time f.Closing time g.Any other clauses or provisions h.When a formal contract will be written up if the LOI is approved 4.A clause that makes the LOI non_binding 5.Your signature and a place for the seller's signature

Here is an example of a good "Due Diligence Clause" you can use: "Seller to provide the following for buyers examination and approval in the next 30 days: 1) All leases, 2) All property management agreements, 3) All vendor contracts, 4) Current Rent Roll, 5) Property Income and Expense History for the last two years, 6) Year to date property income and expense history, 7) Last two years tax returns as they pertain to the property, 8) All units, buildings, grounds and mechanical systems. Buyer may void this contract at any time during this 30 day period if the information found does not meet buyers approval"

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