A Letter of Interest Real Estate Template is commonly used in England and Wales as an initial step in property transactions. This document bridges the gap between informal discussions and formal contracts, allowing parties to outline their intentions and basic terms before committing to more detailed agreements. The LOI typically includes proposed purchase price, timeline, due diligence requirements, and any specific conditions. While primarily non-binding, it demonstrates serious intent and can include binding elements such as confidentiality or exclusivity provisions. This document is particularly useful in complex commercial transactions where detailed negotiations may follow.
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1. Letter Date and Addresses: Formal letter header with dates and full addresses of both parties
2. Property Details: Specific description of the property including full address, title information, and current use
3. Proposed Purchase Price: Statement of intended purchase price and any specific payment terms or conditions
4. Due Diligence Requirements: Details of access requirements and information needed for property investigation
5. Timeline: Proposed schedule for transaction completion including key milestones
1. Exclusivity Period: Terms of exclusive negotiation period preventing seller from engaging with other parties
2. Deposit Terms: Details of any initial deposit requirements and payment conditions
3. Financing Conditions: Specification of funding arrangements and any conditions related to securing financing
4. Confidentiality Provisions: Terms regarding the confidential treatment of information exchanged during negotiations
1. Property Plans: Floor plans or site maps of the subject property
2. Title Documents: Copies of relevant title documentation and land registry information
3. Proof of Funds: Documentation evidencing buyer's ability to complete the purchase
4. Due Diligence Checklist: List of required documents and information for property investigation
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