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A Letter of Intent to Sale Property is commonly used in the Philippines as an initial step in property transactions, serving as a formal way to express serious interest in purchasing real estate while maintaining flexibility for negotiation. This document type is particularly important in the Philippine context, where property transactions often involve multiple stages of documentation and due diligence. The LOI typically precedes the more formal Contract of Sale and helps establish the basic framework for negotiation while allowing both parties to proceed with further investigation and documentation. It includes key information such as property details, proposed purchase price, payment terms, and timeline, while clearly stating its non-binding nature. This document is especially useful in complex property transactions or when dealing with commercial properties where multiple stakeholders may be involved.

1. Letter Date and Address Block: Formal letter heading including date and complete address of recipient

2. Subject Line: Clear indication that this is a Letter of Intent for Property Purchase

3. Opening Paragraph: Introduction of the sender and statement of intent to purchase the specified property

4. Property Details: Complete description and identification of the subject property, including address, title details, and tax declaration numbers

5. Purchase Price: Proposed purchase price and any relevant pricing conditions

6. Payment Terms: Outline of proposed payment structure, including any deposits or installment plans

7. Due Diligence Period: Proposed timeframe for conducting property and document verification

8. Transaction Timeline: Expected timeline for completing the transaction and major milestones

9. Non-Binding Nature: Clear statement that this is a non-binding letter of intent

10. Expiration Date: Validity period of the letter of intent

11. Closing: Formal closing, signature blocks for both parties