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