The NLI must be presented with an athletic aid agreement _ The NLI must be presented with an athletics financial aid agreement that provides a detailed description of the award for the listed academic year.
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.