9. Describe what you would like to review during the due diligence period _ financial information, leases, rent roll, etcሂ. Include the earnest money you would be prepared to put down during due diligenceሃ. Identify a Closing Date target _ it may be within 30 or 45 days of conclusion of the Due Diligence Period. This will vary based on the projectሄ. End the letter stating if these terms are acceptable, to let you know and you will follow up with a formal Purchase Agreement to move forward on the purchaseህ. Sign the letter.
Letters of intent can be used in situations where a group of students wish to organize a specific club or perhaps a new fraternity. In the letter they can state their reasons for taking this action, how many members they expect to have and what they think they are going to accomplish. The letter can also outline the requirements for membership and in many cases the basic rules of behavior that will be expected for continued membership. Students might also write a skillfully prepared letter to the admissions office of the college they wish to attend and include it with the rest of their application package.