[Your Name]
[Your Title]
[Your Company]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]
[Date]
[Recipient Name]
[Recipient’s Title]
[Recipient’s Company]
[Recipient’s Address]
[City, State, ZIP Code]
Dear [Recipient Name],
Introduction
I am writing to express our intent to enter into a real estate transaction with [Recipient’s Company] for the property located at [property address]. This letter outlines the preliminary terms and conditions of our proposed agreement.
Property Overview
The property in question is a [describe the type of property, such as commercial, residential, or industrial] with [mention any key features, such as size, location, and amenities]. We have conducted a thorough analysis and believe that this property aligns perfectly with our strategic objectives.
Proposed Terms
We propose the following terms for the real estate transaction:
- Purchase Price: [State the proposed purchase price].
- Due Diligence: A due diligence period of [number] days to conduct inspections and verify property details.
- Financing: [Outline the proposed financing terms, such as mortgage or cash payment].
- Closing Date: A target closing date of [specific date or timeframe].
- Contingencies: [Specify any contingencies, such as zoning approvals or financing].
- Confidentiality: Both parties will maintain confidentiality regarding the transaction details.
Next Steps
We propose a meeting to discuss this letter of intent and address any questions you may have. Our goal is to finalize a definitive agreement and proceed with the transaction within [timeline].
Thank you for considering this proposal. We look forward to the opportunity to acquire this property and believe it will be a valuable addition to our portfolio.
Sincerely,
[Your Name]
[Your Title]
[Your Company]