Letter of Intent to Buy Retail Space

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.

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

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