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.
Disabled persons: When the parents of a disabled person have passed away, courts will rely on the family's letter of intent to try to figure out what the wishes of the family are for the disabled relative. A letter of intent is sometimes the glue that holds a potential deal together. While deals are done in the business world and other areas of life every day, usually the beginning of any deal was originally laid out in a letter of intent.