Document background
A Letter of Intent to Buy Property is a crucial preliminary document used in Qatar's real estate market to initiate the formal process of property acquisition. This document is typically used when a potential buyer has identified a property of interest and wishes to formally communicate their intention to purchase, while establishing the basic terms of the proposed transaction. It serves as a framework for subsequent negotiations and due diligence, though it generally remains non-binding except for specific clauses such as confidentiality or exclusivity periods. The document must align with Qatar's property laws, particularly considering the distinct regulations for foreign ownership in designated areas and the requirements of the Qatar Civil Code. It typically precedes the more detailed Sale and Purchase Agreement and helps establish clear expectations between parties while allowing for necessary investigations and approvals to proceed.
