Document background
The Letter Of Intent To Purchase (Real Estate) is a crucial preliminary document in Qatar's real estate transaction process, typically used when a potential buyer has identified a property of interest but needs to formalize their intent before proceeding with a full purchase agreement. This document serves multiple purposes: it demonstrates the buyer's serious interest, outlines preliminary terms for negotiation, and establishes a framework for due diligence activities. While non-binding in nature, it must still conform to Qatar's legal requirements, particularly those set forth in the Civil Code and Real Estate Laws. The document is especially important in Qatar's dynamic real estate market, where foreign investment is regulated by specific zones and conditions under Law No. 16 of 2018. It typically precedes the more detailed Sale and Purchase Agreement and helps parties establish clear communication and understanding of the proposed transaction terms.
