One year absence _ If the student_athlete has not attended any two_year or four_year institution for at least one academic year, provided the request for athletic aid for a subsequent term has been denied by the institution.
There _ we got that out of the way! OK. Now let's look at when to use a Letter of Intent vs. a Purchase Offer. I am specifically going to address this when looking at buying an apartment building or commercial real estate. The standard contract used when purchasing real estate is called a Purchase Offer, or a Purchase and Sale Agreement. You probably used this to buy your own house or condo.