Letter of Intent to Buy Retail Space

Where can I find Letter of Intent to Buy Retail space under construction in Canada. or site to view documents lik this. New Developer is building a new retail center where have an opportunity in Calgary to buy retail space need to a letter of intent to purchase or lease.
In Selling Property - Asked by Bill A. - Apr 7, 2010
Report Abuse
Answer this Question

Answer(s)

Michal B.
Broker/Agent
Miami Beach, FL

Hello Bill, I would not use a generic template of LOI for this. Either have your attorney send you one or google "letter of intent" and review a dozen of them and compile one with the most relevant information. Remember that you want to outline as many terms as possible in LOI so when you proceed to purchase agreement, the major items already have been agreed upon.

Apr 8, 2010
Report Abuse
Doug A.
Broker/Agent
Lafayette, IN

By its nature, a Letter of Intent(LOI) is just that, intent. Your goal is to convey your interest in the property and negotiate the basic terms of a future agreement, subject to agreeing to that future agreement. Simply stating the parties, property, prices(or lease rates), and basic terms of a Purchase Agreement(or lease) is all you need to do. Make any LOI subject to an executed Purchase Agreement(or lease) acceptable to both parties by a certain date or the LOI is terminated. Doug Anderson 765-427-3496 DugAndrson@aol.com

Apr 8, 2010
Report Abuse
Dorene S.
Broker/Agent
Torrance, CA

Dear Bill A.,
I agree with the previous posts, however,C.A.R.does have a commercial intent to lease form available as well.

May 17, 2010
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question