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WHEREAS: Owner Name: is the legal owner of the residential property located at Property Address: ;

WHEREAS: Prospective Purchaser Name: (hereinafter "Interested Party") wishes to express a preliminary interest in acquiring or entering into a transaction concerning the Property described above;

WHEREAS: The Interested Party submits this Expression of Interest to record proposed commercial terms and to initiate negotiation of a binding agreement, subject to the terms and conditions set forth below.

Contact Information

Scope of Interest

The Interested Party describes the proposed transaction, intended use, and any material conditions below. This description is for negotiation purposes only and does not create a binding purchase contract unless and until a definitive agreement is executed by all parties.

Payment Terms

Proposed Purchase Price: $

Late payment penalty (if applicable):

Contingencies and Conditions

Inspection Contingency:    Financing Contingency:    Appraisal Contingency:

Term and Termination

Offer Effective Date:    Offer Expiration Date:

Notice Period for Termination (days):

Either party may terminate negotiations prior to execution of a definitive agreement by providing written notice to the other party in accordance with the notice period set forth above. Termination of this Expression of Interest shall not relieve either party of obligations expressly stated to survive termination, including confidentiality.

Confidentiality

The parties acknowledge that they may exchange non-public information in connection with this Expression of Interest. Each party agrees to hold all such information in confidence and to use it solely for the purpose of evaluating and negotiating the proposed transaction. Confidential information shall not be disclosed to third parties except as required by law or to the party's professional advisors who are bound by confidentiality.

Binding Effect and Non-Binding Nature

Except for the confidentiality obligations and any expressly stated exclusivity provisions, this Expression of Interest is non-binding and intended solely as a record of preliminary terms. A binding obligation to sell, purchase, or lease the Property shall arise only upon execution of a separate, written definitive agreement signed by both parties.

Governing Law

This Expression of Interest shall be governed by and construed in accordance with the laws of the State of: without regard to its conflict of laws principles.

Entire Agreement

This Expression of Interest, together with any executed confidentiality or exclusivity addenda, constitutes the entire understanding between the parties with respect to the subject matter hereof and supersedes all prior communications and proposals, whether oral or written, relating to the subject matter, except that neither party waives any claims that arise out of fraud or willful misconduct.

Acknowledgment

By signing below, the parties acknowledge that they have read and understand this Expression of Interest, that the information provided herein is accurate to the best of their knowledge, and that they intend to negotiate in good faith toward a definitive agreement consistent with the terms set forth herein.

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