A letter of intent (LOI) must have five basic elements in its content: 1.The buyer's name 2.The property address and description 3.Your offer which includes: a.Purchase price b.Down payment c.Terms d.Conditions e.Due diligence time f.Closing time g.Any other clauses or provisions h.When a formal contract will be written up if the LOI is approved 4.A clause that makes the LOI non_binding 5.Your signature and a place for the seller's signature
2 _ It should be clearly written in a neat & tidy fashion. The intentions of all concerned needs to be recorded in the document. Before commencing to write you're best to make yourself familiar with the various styles of business letters. 3 _ After all the entities involved in the deal sign the memorandum of understanding, a joint press release should be issued. It sends a very positive message to the stockholders of the businesses involved.