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Letter of Intent

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Parties
Transaction
Payment
Other
Final Details
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Personal Property

Will any personal property or fixtures be included in the sale?

Yes No

What personal property or fixtures will be included with the sale of the property?

e.g.(washer and dryer; sofa in living room)

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Conditions

Is the sale subject to any conditions?

Yes No

Is the transaction subject to the sale of property currently owned by the buyer?

Yes No

What is the address of the buyer's property that must first be sold?

Address:

(Street, City, State, Zip Code)

Is the transaction subject to the buyer taking over the seller's mortgage?

Yes No

Name of the financial institution that granted the seller's mortgage

Enter name of financial institution:

Date of the mortgage:

Current balance of the mortgage

$

Is the transaction subject to any other conditions prior to the closing?

Yes No

Buyer’s ability to obtain a firm commitment for a mortgage loan.

An appraisal on the Property equaling or exceeding the Purchase Price.

An inspection of the Property and Buyer’s satisfaction with the condition of the Property.

Seller’s required disclosures to Buyer, including the disclosure of any known defects in the Property that materially affects the value of the Property.

A title insurance policy in the name of Purchaser.

Other

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Exclusivity & Confidentiality

Is the seller prohibited from negotiating with other parties?

Yes No

For how long is the seller prohibited from negotiating with other parties?

While this letter is in effect A specific number of days after this letter takes effect

How many days?

Enter number between 1 to 60:

e.g.(60)

Do you want to include a confidentiality provision?

Yes No

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Additional Clauses

Do you want to include any additional instructions?

Including additional instructions is entirely optional.

Yes No

Additional Clause

Please use complete sentences.

(e.g. Seller will deliver the Property to Buyer, free of charge.)

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