Whjat should be included in a Letter of Intent (LOI)?

I have never ussed a LOI to buy any of my properties but on my next purchase I think it will be needed. I don't want to go in blind so any help on what should or sshouldn't be in the LOI would be great. The property I am looking into is medical office and retail. Thanks
In Buying Property - Asked by David C. - Apr 13, 2011
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Answer(s)

Rob M.
Lender/Mortgage Broker
Houston, TX

The best thing you could do for yourself is to bring in a professional agent that specializes in commercial real estate. This can ensure you are not wasting anyone's time with unnecessary fluff.

Apr 13, 2011
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Larry B.
Broker/Agent
Ogden, UT

As you may know a LOI is not binding on either party, however, it does begin to frame the requirements/expectations of the buyer or tenant. Seek professional commercial real estate assistance to ensure you are outlining exactly what you want in this purchase/lease.
Best to you in your purchase!

Apr 14, 2011
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