��������Ƶ

The Letter of Interest (Real Estate) is a crucial preliminary document used in Saudi Arabian real estate transactions to formally express interest in acquiring or leasing property while maintaining flexibility before final commitments. This document is particularly important in the Saudi Arabian context, where business relationships and formal expressions of intent carry significant weight in commercial negotiations. The LOI typically precedes more detailed agreements and serves to outline key transaction parameters while allowing for due diligence and further negotiation. It must comply with both Saudi civil law and Shariah principles, making it distinct from similar documents in other jurisdictions. The document is commonly used in large-scale commercial real estate transactions, development projects, and significant property investments where parties need to establish serious intent while maintaining legal and financial flexibility.

1. Letter Header: Date, recipient's full details including company name, address, and reference numbers if any

2. Subject Line: Clear identification of the property and transaction type being considered

3. Opening Statement: Formal introduction and clear statement of interest in the property

4. Property Details: Specific description of the property including location, size, and relevant legal identifiers

5. Proposed Transaction: Overview of the proposed transaction including intended use, preliminary price range or terms

6. Company Background: Brief introduction of the interested party, including relevant experience and financial capability

7. Timeline: Proposed timeline for due diligence and transaction completion

8. Non-Binding Nature: Clear statement that this is not a binding offer except for specified terms

9. Contact Information: Designated contact person and their details for further communication

10. Closing: Formal closing, signature block, and company stamp if applicable