what does a good letter of intent include and when should it be provided?

In Leasing Property - Asked by mike s. - Sep 18, 2016
Report Abuse
Answer this Question

Answer(s)

Trung T.
Owner/Investor
San Jose, CA

Revelance

Sep 18, 2016
Report Abuse
Zane O.
Owner/Investor
Amarillo, TX

It should provide an outline of any relevant terms to a contract which might be up for negotiation. We provide them immediately upon the decision to put forth an offer.

Sep 19, 2016
Report Abuse
Previn S.
Property/Asset Manager
Farmington Hills, MI

Your letter of intent should be something like a skeleton of what your agreement will contain. Primarily the important facts that the agreement will go into in further detail.
For example, if discussing a letter of intent in regards to a commercial lease in a retail area you would want to include some of the following: rent, gross/net lease, period of lease, and of course entity names, ect.

Sep 21, 2016
Report Abuse
Paul B.
Broker/Agent
Grayslake, IL

As the Letter of Intent is an Agreement to enter into a certain contract on certain terms and conditions. It should be drafted by a good Attorney after taking feedback from you and the buyer to the understanding with the SELLER.

Sep 24, 2016
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