Writing a Letter of Intent (LOI) is important to secure a deal or company. It often goes hand in hand with paying a deposit or providing a bank warranty.
How to write a letter of intent to purchase?
Make sure to check these boxes when you send out a purchase LOI:
- Outline: Outline on paper the qualities of the property — location, reason, and legality before your final decision.
- Honest reflection: take some time to genuinely reflect on why you want to purchase the property? What will you gain?
- Research: gather information about your prospective property before the purchase.
- Review: it’s best if you can have two or three critics look it over and give you feedback.
- Finalize and send: when all is finished, you can submit your letter of intent to purchase.
Sample Letter of intent to purchase:
This purchase letter of intent (the “Letter of Intent”) represents the basic terms agreed upon by the Buyer and Seller. After this Letter of Intent has been made, a formal agreement may be constructed to the benefit of the Parties involved.
I. The Buyer and The Seller.
III. The Product or Service: The Buyer intends to purchase the following product:
The Buyer intends to purchase ____ unit(s) of the Product at $ per unit.
Service: (the “Service”).
VI. Financing: The Buyer has made it known that this Letter of Intent is conditional, not conditional on their ability to obtain financing.
If this letter is conditional on financing, it shall be under the following terms:
VII. Binding Effect: This Letter of Intent shall be considered: (Initial and Check)
A letter of intent is a serious piece of your admissions package. It is a more studied document, a sample of your productive, well-organized process. Be as specific as possible about why this particular program is the right one.
Download this Letter of Intent to Purchase example to help you with your application.
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