Document background
The Commercial Real Estate Letter Of Intent To Purchase Template is a crucial preliminary document used in England and Wales when initiating commercial property transactions. It is typically employed after initial discussions but before formal contract negotiations begin, serving to document the proposed terms and conditions of the purchase. While primarily non-binding, it demonstrates serious intent and typically includes key information such as property details, proposed purchase price, timeline, due diligence requirements, and any special conditions. This document is particularly valuable in complex commercial property transactions as it helps align parties' expectations and provides a foundation for solicitors to draft the formal purchase agreement.
