Letter of Intent

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

Address:

(Street, City, State, Zip Code)

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

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

Personal Property

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

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

Conditions

Is the sale subject to any conditions?

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

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

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

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

Date of the mortgage:

Current balance of the mortgage

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

Exclusivity & Confidentiality

Is the seller prohibited from negotiating with other parties?

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

How many days?

Do you want to include a confidentiality provision?

Additional Clauses

Do you want to include any additional instructions?

Including additional instructions is entirely optional.

Additional Clause