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Real Estate Letter Of Intent Template
I need a Real Estate Letter of Intent Template for purchasing a commercial property in Singapore's Central Business District, with a purchase price of $15 million and including specific conditions about existing tenancy agreements that expire in March 2025.
1. Property Details: Full address and description of the property, including lot number, strata title details if applicable
2. Purchase Price: Proposed purchase price and payment terms, including method of payment
3. Earnest Money Deposit: Amount of good faith deposit, payment timeline, and conditions for refund or forfeiture
4. Due Diligence Period: Specified timeframe for property inspection, document review, and title search
5. Closing Timeline: Proposed timeline for transaction completion, including key milestones and deadlines
1. Financing Contingency: Terms and conditions related to obtaining mortgage financing, including timeline for securing loan approval
2. Existing Tenancy: Details of current tenancy arrangements, including lease terms and handling of tenant deposits
3. Property Condition: Specific requirements regarding property condition, necessary repairs, or improvements
4. En Bloc Potential: Statement regarding potential collective sale status or considerations
1. Floor Plan: Current floor plan of the property showing layout and dimensions
2. Title Search Results: Recent title search results from Singapore Land Authority
3. Property Tax Statement: Recent property tax assessment and payment status
4. Property Photographs: Recent photographs of the property's interior and exterior
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