15 Letter of Intent to Purchase Real Estate Samples

Sample 1: Residential Property Purchase Intent

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

[Seller’s Name]
[Seller’s Address]
[City, State, ZIP Code]

Subject: Letter of Intent to Purchase Residential Property at [Property Address]

Dear [Seller’s Name],

I am writing to formally express my intent to purchase the residential property located at [Property Address]. I am prepared to offer $[Offer Amount], subject to the following terms and conditions:

1. Contingencies: This offer is contingent upon satisfactory completion of a professional home inspection, appraisal at or above the purchase price, and clear and marketable title free of liens or encumbrances.

2. Due Diligence: I request access to all relevant documents including property tax statements, disclosure statements, and any reports related to pest inspection, environmental hazards, or structural integrity. I request a due diligence period of [Number of Days, e.g., 15 days] during which I may conduct inspections and review documents.

3. Financing: This offer is contingent upon obtaining mortgage financing on terms acceptable to me within [Financing Period, e.g., 30 days].

4. Earnest Money and Escrow: Upon execution of a formal purchase agreement, I will deposit earnest money of $[Earnest Money Amount] into a mutually agreed escrow agent. The escrow agent will hold the deposit subject to the terms of the purchase agreement.

5. Closing: The proposed closing date is [Proposed Closing Date], subject to the timely satisfaction of all contingencies.

6. Title and Survey: I request the seller to provide a current title commitment and allow for a survey to confirm property boundaries.

7. Disclosures: The seller shall provide all legally required disclosures under state law, including but not limited to lead-based paint, material defects, and neighborhood nuisance disclosures.

This letter is non-binding and intended solely as a preliminary expression of intent to facilitate drafting a definitive purchase agreement. I look forward to your prompt response.

Sincerely,
[Your Name]

Sample 2: Commercial Property Purchase Intent

[Your Name]
[Your Company Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

[Seller’s Name]
[Seller’s Company Name]
[Seller’s Address]
[City, State, ZIP Code]

Subject: Letter of Intent to Purchase Commercial Property at [Property Address]

Dear [Seller’s Name],

This letter sets forth my intent to purchase the commercial property at [Property Address] for $[Offer Amount], subject to the following conditions:

1. Due Diligence Period: I request a 30-day due diligence period to conduct environmental site assessments (Phase I and Phase II if necessary), review zoning compliance, analyze financial statements, tenant leases, and any existing service contracts.

2. Environmental Contingency: The offer is contingent upon the property passing all environmental tests, including soil and groundwater contamination assessments.

3. 
   
   

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   Title and Survey: Seller shall provide a current title commitment and allow buyer to order a boundary and topographical survey.

4. Financing Contingency: The offer is contingent on obtaining financing acceptable to buyer within 30 days.

5. Earnest Money Deposit: Upon execution of a formal purchase agreement, earnest money of $[Earnest Money Amount] will be deposited with a mutually agreed escrow agent.

6. Closing Date: Proposed closing is [Proposed Closing Date], subject to satisfaction of all contingencies.

7. Indemnification: The purchase agreement will include customary indemnification clauses protecting the buyer from undisclosed liabilities.

This letter is non-binding and intended to facilitate negotiation of a formal contract. I look forward to your favorable reply.

Best regards,
[Your Name]
[Your Title]
[Your Company Name]

Sample 3: Land Purchase Intent for Development

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

[Seller’s Name]
[Seller’s Address]
[City, State, ZIP Code]

Subject: Letter of Intent to Purchase Land at [Property Address or Parcel Number]

Dear [Seller’s Name],

I am interested in purchasing the land parcel located at [Parcel Number or Address] with the following proposed terms:

1. Purchase Price: $[Offer Amount], subject to satisfactory title and zoning approval.

2. Zoning and Use Contingency: Purchase is contingent upon obtaining required zoning changes, permits, and entitlements for the intended development.

3. Environmental and Survey: Buyer shall conduct environmental site assessments and order a boundary survey within a 45-day due diligence period.

4. Title Commitment: Seller shall provide a title commitment free from liens or encumbrances.

5. Closing: Closing shall occur within 15 days after all contingencies are satisfied.

6. Escrow Instructions: Earnest money deposit of $[Earnest Money Amount] will be held in escrow by [Escrow Agent] upon execution of the purchase agreement.

7. Disclosures: Seller agrees to disclose any known environmental hazards or easements affecting the property.

This letter is intended solely to outline the proposed terms and is non-binding.

Sincerely,
[Your Name]

Sample 4: Intent to Purchase Multi-Family Property

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

[Seller’s Name]
[Seller’s Address]
[City, State, ZIP Code]

Subject: Letter of Intent to Purchase Multi-Family Property at [Property Address]

Dear [Seller’s Name],

I express my intent to purchase the multi-family property at [Property Address] under these terms:

1. Offer Price: $[Offer Amount].

2. Due Diligence: A 21-day period to review tenant leases, rent rolls, operating expenses, and conduct property inspections including structural, HVAC, and pest inspections.

3. Financing: Purchase contingent upon buyer’s ability to secure financing.

4. Title and Survey: Seller to provide title commitment and permit buyer to order a survey confirming boundaries and easements.

5. Environmental: Environmental assessment shall be completed during due diligence.

6. Earnest Money: Deposit of $[Earnest Money Amount] upon signing the purchase agreement.

7. Closing Date: Closing is expected by [Proposed Closing Date].

8. Representations and Warranties: Seller to provide standard representations including compliance with housing laws and absence of undisclosed liabilities.

This letter is non-binding and subject to the execution of a formal purchase contract.

Kind regards,
[Your Name]

Sample 5: Intent to Purchase Vacation Home

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

[Seller’s Name]
[Seller’s Address]
[City, State, ZIP Code]

Subject: Letter of Intent to Purchase Vacation Home at [Property Address]

Dear [Seller’s Name],

I propose to purchase the vacation home at [Property Address] with the following terms:

1. Purchase Price: $[Offer Amount].

2. Inspection: Subject to satisfactory home inspection within 10 days, including roof, foundation, HVAC, plumbing, and electrical systems.

3. Title Review: Seller shall provide title commitment; purchase contingent on clear title.

4. Financing: Offer contingent upon buyer obtaining mortgage financing approval.

5. Earnest Money: $[Earnest Money Amount] earnest money to be deposited with [Escrow Agent].

6. Closing: Proposed closing date is [Proposed Closing Date].

7. Seller Disclosures: Seller to provide all mandatory disclosures including any known material defects or neighborhood issues.

8. Default: Purchase agreement to include liquidated damages clause relating to buyer’s default.

I look forward to your favorable consideration.

Best regards,
[Your Name]

Sample 6: Intent to Purchase Industrial Property

[Your Name]
[Your Company Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

[Seller’s Name]
[Seller’s Company Name]
[Seller’s Address]
[City, State, ZIP Code]

Subject: Letter of Intent to Purchase Industrial Property at [Property Address]

Dear [Seller’s Name],

I am writing to express my intent to purchase the industrial property located at [Property Address] on the following terms:

1. Purchase Price: $[Offer Amount].

2. Environmental Review: Buyer will conduct Phase I environmental site assessment within 30 days. If Phase II is required, it shall be completed within an additional 30 days. Purchase is contingent on satisfactory results.

3. Structural and Systems Inspection: Buyer reserves the right to conduct comprehensive inspections of building structure, electrical, HVAC, and plumbing systems.

4. Title and Survey: Seller shall provide a current title commitment and allow buyer to order an ALTA survey verifying property boundaries, easements, and encroachments.

5. Due Diligence: A 45-day due diligence period to review all leases, service contracts, zoning compliance, and financial documents.

6. Earnest Money Deposit: $[Earnest Money Amount] to be placed in escrow upon execution of the purchase agreement.

7. Closing: Proposed closing date is [Proposed Closing Date], subject to successful completion of due diligence and financing.

8. Representations and Warranties: Seller will provide customary representations and warranties, including no known environmental violations or outstanding claims.

9. Indemnification: Buyer requires indemnification provisions protecting against undisclosed liabilities.

This letter is a non-binding statement of intent pending execution of a definitive purchase agreement.

Sincerely,
[Your Name]
[Your Title]
[Your Company Name]

Sample 7: Intent to Purchase Condo Unit

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

[Seller’s Name]
[Seller’s Address]
[City, State, ZIP Code]

Subject: Letter of Intent to Purchase Condominium Unit at [Property Address]

Dear [Seller’s Name],

I am pleased to submit this letter of intent to purchase the condominium unit located at [Property Address] with these terms:

1. Offer: $[Offer Amount].

2. Due Diligence: Buyer will review condominium association bylaws, financial statements, reserve studies, recent meeting minutes, and disclosure packets within a 14-day review period.

3. Inspection: Property inspection to include structural, mechanical systems, and common areas.

4. Title Commitment: Seller to provide clear title commitment showing no liens or encumbrances.

5. HOA Approval: Purchase contingent upon approval by the homeowners association, if required.

6. Earnest Money: $[Earnest Money Amount] earnest money deposit to be held by [Escrow Agent].

7. Closing: Closing proposed for [Proposed Closing Date].

8. Special Assessments: Seller to disclose any pending or upcoming special assessments.

This letter is non-binding and intended to facilitate execution of a formal purchase contract.

Best regards,
[Your Name]

Sample 8: Intent to Purchase Historic Property

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

[Seller’s Name]
[Seller’s Address]
[City, State, ZIP Code]

Subject: Letter of Intent to Purchase Historic Property at [Property Address]

Dear [Seller’s Name],

I express my intent to purchase the historic property at [Property Address] on the following conditions:

1. Offer: $[Offer Amount].

2. Historic Preservation Compliance: Purchase contingent upon confirmation of all required permits, restrictions, and compliance with historic preservation regulations.

3. Inspection: Comprehensive inspection including structural, electrical, plumbing, and evaluation of historic materials.

4. Title and Survey: Seller to provide title commitment and allow ALTA survey including any preservation easements.

5. Disclosure: Seller shall disclose any known historical designations, grants, or restrictions affecting the property.

6. Due Diligence: 21-day due diligence period to complete assessments and document review.

7. Closing: Target closing date [Proposed Closing Date].

8. Indemnification: Seller to indemnify buyer against undisclosed preservation violations.

This letter is non-binding and subject to a formal purchase agreement.

Sincerely,
[Your Name]

Sample 9: Intent to Purchase Rental Property

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

[Seller’s Name]
[Seller’s Address]
[City, State, ZIP Code]

Subject: Letter of Intent to Purchase Rental Property at [Property Address]

Dear [Seller’s Name],

I hereby express my intent to purchase the rental property at [Property Address] under the following terms:

1. Purchase Price: $[Offer Amount].

2. Lease Review: Buyer shall have a 30-day period to review tenant leases, security deposits, rent rolls, and operating expenses.

3. Property Inspection: Property inspection to include all units and common areas.

4. Title and Survey: Seller shall provide clear title commitment and allow boundary survey.

5. Environmental Review: Environmental assessment to be completed within due diligence period.

6. Earnest Money: $[Earnest Money Amount] earnest money deposit to be held in escrow.

7. Closing Date: Proposed closing on [Proposed Closing Date].

8. Seller Representations: Seller to warrant accuracy of tenant data and absence of undisclosed liabilities.

This letter is non-binding and intended as a basis for drafting a formal agreement.

Kind regards,
[Your Name]

Sample 10: Intent to Purchase Farm or Agricultural Land

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

[Seller’s Name]
[Seller’s Address]
[City, State, ZIP Code]

Subject: Letter of Intent to Purchase Agricultural Land at [Property Address]

Dear [Seller’s Name],

I submit this letter of intent to purchase the agricultural land located at [Property Address] with the following terms:

1. Offer Price: $[Offer Amount].

2. Due Diligence: Buyer to perform soil testing, water rights verification, and access to utility infrastructure within a 30-day due diligence period.

3. Title and Survey: Seller shall provide title commitment and allow a boundary and topographical survey.

4. Existing Leases: Seller to provide copies of any existing tenant or crop leases.

5. Permits and Rights: Seller to disclose any permits, easements, or restrictions affecting land use.

6. Earnest Money Deposit: $[Earnest Money Amount] to be deposited in escrow.

7. Closing Date: Closing anticipated on [Proposed Closing Date].

This letter is non-binding and subject to formal contract execution.

Sincerely,
[Your Name]

Sample 11: Intent to Purchase Property with Leaseback

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

[Seller’s Name]
[Seller’s Address]
[City, State, ZIP Code]

Subject: Letter of Intent to Purchase Property with Leaseback at [Property Address]

Dear [Seller’s Name],

I am interested in purchasing the property at [Property Address] with a leaseback arrangement under the following terms:

1. Purchase Price: $[Offer Amount].

2. Leaseback Term: Seller to lease the property back for [Leaseback Term], commencing at closing.

3. Lease Payment: Monthly lease payment of $[Monthly Rent].

4. Due Diligence: Buyer’s standard due diligence, including inspections and title review within 15 days.

5. Title and Survey: Seller to provide title commitment and allow survey.

6. Earnest Money: Deposit of $[Earnest Money Amount] upon signing.

7. Closing Date: Target closing on [Proposed Closing Date].

8. Lease Terms: Leaseback to include maintenance obligations, insurance requirements, and default provisions.

This letter is non-binding pending execution of definitive agreements.

Best regards,
[Your Name]

Sample 12: Intent to Purchase Property with Financing Contingency

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

[Seller’s Name]
[Seller’s Address]
[City, State, ZIP Code]

Subject: Letter of Intent to Purchase Property at [Property Address]

Dear [Seller’s Name],

I hereby submit this letter of intent to purchase the property at [Property Address] for $[Offer Amount] subject to:

1. Financing Contingency: Buyer obtaining satisfactory financing within [Financing Period].

2. Due Diligence: Review of property disclosures, title, and inspections within [Due Diligence Period].

3. Earnest Money: $[Earnest Money Amount] earnest money to be held by escrow agent.

4. Closing: Closing to occur within 30 days of financing approval.

5. Title and Survey: Seller to provide title commitment and permit survey.

This letter is non-binding and intended to facilitate drafting a purchase agreement.

Sincerely,
[Your Name]

Sample 13: Intent to Purchase Property As-Is

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

[Seller’s Name]
[Seller’s Address]
[City, State, ZIP Code]

Subject: Letter of Intent to Purchase Property As-Is at [Property Address]

Dear [Seller’s Name],

I am interested in purchasing the property at [Property Address] as-is, with these terms:

1. Offer: $[Offer Amount].

2. No Inspection Contingency: Buyer waives inspection contingency and accepts property in current condition.

3. Title Review: Seller to provide clear title commitment.

4. Due Diligence: Limited to title and document review.

5. Earnest Money: $[Earnest Money Amount] to be deposited upon agreement execution.

6. Closing Date: Proposed closing on [Proposed Closing Date].

7. Disclosure: Seller to provide all legally required disclosures.

This letter is non-binding pending formal contract.

Best regards,
[Your Name]

Sample 14: Intent to Purchase Property with Earnest Money Deposit

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

[Seller’s Name]
[Seller’s Address]
[City, State, ZIP Code]

Subject: Letter of Intent to Purchase Property at [Property Address]

Dear [Seller’s Name],

I submit this letter of intent to purchase the property at [Property Address] for $[Offer Amount], under these conditions:

1. Earnest Money: $[Earnest Money Amount] earnest money to be deposited into escrow within [Number of Days] days following agreement.

2. Due Diligence: Buyer to have [Due Diligence Period] days to complete inspections and document review.

3. Title Commitment: Seller to provide clear title and release of liens.

4. Closing: Target closing on [Proposed Closing Date].

5. Seller Disclosures: Seller to provide all required disclosures including material defects.

6. Contingencies: Subject to buyer’s approval of inspections and financing.

This letter is non-binding and intended to assist in drafting a purchase agreement.

Sincerely,
[Your Name]

Sample 15: Intent to Purchase Property with Inspection and Appraisal Contingencies

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

[Seller’s Name]
[Seller’s Address]
[City, State, ZIP Code]

Subject: Letter of Intent to Purchase Property at [Property Address]

Dear [Seller’s Name],

I am writing to express my intent to purchase the property located at [Property Address] for $[Offer Amount] subject to:

1. Inspection Contingency: Satisfactory home inspection within [Inspection Period].

2. Appraisal Contingency: Property appraising at or above the purchase price.

3. Title Review: Seller to provide a clear title commitment.

4. Earnest Money: $[Earnest Money Amount] to be deposited with escrow agent upon agreement.

5. Due Diligence Period: Buyer to have [Due Diligence Period] days to complete all reviews.

6. Closing: Target closing date [Proposed Closing Date].

7. Seller Disclosures: Seller to disclose any material defects or pending legal actions.

This letter is non-binding and serves as an expression of good faith intent to negotiate a formal purchase contract.

Thank you for your consideration.

Best regards,
[Your Name]