K. Timeline Contingencies_These contingencies are the ones that keep a transaction moving forward at a timely pace. While nearly every transaction will have its challenges, it is important to closely watch the amount of time used for the various sub_processes like finishing the purchase sale agreement, securing financing, getting licensing approval, completing Phase One inspections, getting a real estate appraisal, having staff fingerprinted (in some states)... etc. A delay in one process can cause delays in other processes until a transaction stretches to nine months instead of the more normal 90 days. Some examples of timeline contingencies are as follows: i. This LOI becomes invalid if it is not fully executed on or before X date. ii. Buyer agrees to provide first draft of purchase sale agreement on or before X date. iii. Buyer agrees to submit completed financing application to chosen lender on or before X date. iv. Buyer's lending institution will inform XYZ Brokerage, Inc. of preliminary approval of buyer's financing on or before X date. v. Buyer's lending institution will inform XYZ Brokerage, Inc. of final approval of buyer's financing two weeks before Closing Date. vi. Seller agrees to notify state licensing of pending transaction within three days of receiving fully executed purchase sale agreement and notification of buyer's receipt of Commitment Letter from buyer's lender.
In addition to complying with the professional requirements mentioned in the notice, it is important to respond to any questions that the employer could ask in the ad. If the employer wants to know how much money do you want you could always say how much you won on the last job and that you want to win at least like that or more. To be successful, the letter of intent must relate only to work out the contest and at the same time to attract the interest of the employer on the author. Some of the original formulation can be useful, but are not limited to personal possibilities.