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Form preview Land offer letter template for... Together with the real property Buyer is also purchasing all of Seller s rights title and interest in all of the fixtures improvements leases maps reports plans and other such material is having to do with the Subject Property including all land use entitlements governmental permits and allocations and other such governmental and agency approvals as may exist concerning the WP. FORMS / 00246619. DOC. 3 FORM01. 086 Letter of Intent Page 2 property. In addition this offer to purchase includes the following specific items Purchase Price. SAMPLE LETTER OF INTENT FOR PURCHASE OF REAL PROPERTY Date Re Letter of Intent Property Description City/County Our File No. Dear Subject to the execution of a definitive and mutually acceptable agreement of purchase and sale Purchase Agreement within days after execution of this Letter of Intent the Contract Negotiation Period the undersigned offers to purchase the subject property in accordance with the following terms and conditions Seller s with contact information as follows. Buyer with contact information may assign his interest to any corporation partnership or limited liability company in which he is the controlling party or to any other third party without Seller approval* Subject Property The property which is the subject of this offer Subject Property is identified as APN No*. Together with the real property Buyer is also purchasing all of Seller s rights title and interest in all of the fixtures improvements leases maps reports plans and other such material is having to do with the Subject Property including all land use entitlements governmental permits and allocations and other such governmental and agency approvals as may exist concerning the WP. FORMS / 00246619. DOC. 3 FORM01. 086 Letter of Intent Page 2 property. In addition this offer to purchase includes the following specific items Purchase Price. Terms of Purchase Opening of Escrow Escrow the Purchase Escrow shall be opened at Intent. The Purchase Agreement and Mutual Escrow Instructions shall be mutually prepared and executed by Buyer and Seller within days of execution by both parties of this Deposit Toward Purchase Price A. Initial Deposit Concurrently with the opening of escrow Buyer shall place therein the sum of Dollars as a refundable deposit toward and applicable to the Purchase Price the Initial Deposit. Escrow Holder shall deposit such sum in an interest-bearing federally insured account with interest accruing for the benefit of Buyer. B. Second Deposit An additional non-refundable of Price and upon approval of the feasibility shall be released to Seller inclusive of the Initial Feasibility Period Buyer shall have until to perform all feasibility and due diligence for subject property. Seller shall fully cooperate with Buyer in Page 3 providing any and all information available regarding the development potential of the property. Buyer may terminate this Letter of Intent and/or the Purchase Agreement at any time prior to the end of the Feasibility Period for any reason or no reason at all upon written notification to Seller and Escrow Holder of the termination* Upon notice of termination Escrow Holder shall be instructed to immediately release the Initial Deposit made by Buyer and return to Buyer within five 5 business days of termination* Buyer s Condition Precedent to Closing Following the expiration of the conditions Title Company shall be in position to issue a policy of title insurance to Buyer in the full amount of the Purchase Price showing good and marketable title vested in Buyer subject only to such exceptions to title as have been approved by Buyer during the The non-existence of any development building construction flood or moratoria affecting the Subject Property.
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