Letter of Intent Template for Commercial Real Estate

Letter of Intent: Commercial Real Estate Acquisition

Document ID: TR-8849201-B
Effective Date: [____/____/2026]

Instructions for Use

• Execution: This document is to be completed by the Buyer’s authorized representative and submitted to the Seller or their listing broker.
• Retention: Once executed, a signed copy must be retained in the corporate transaction folder for a minimum of 7 years to satisfy regulatory audit requirements.
• Mandatory Attachments: Ensure a preliminary site map, a current rent roll (if applicable), and proof of funds/financing pre-qualification letter are attached as Exhibits.

1. Parties

Buyer: [__________]
Seller: [__________]
Property Address: [__________]
Assessor’s Parcel Number (APN): [__________]

2. Purchase Price & Terms

• Purchase Price: $[__________] (USD)
• Earnest Money Deposit (EMD):
  • Initial Deposit: $[__________]
  • Due within [__________] business days of the Effective Date.
• Financing:
  • All Cash Transaction
  • Conventional Loan (LTV Ratio: [__________]%)
  • Seller Financing (Terms attached as Exhibit A)

3. Due Diligence Period

• Duration: [__________] calendar days following the execution of the Purchase and Sale Agreement (PSA).
• Scope: Buyer shall have full access to inspect structural, environmental, zoning, and financial records.
• Right to Terminate: Buyer reserves the right to cancel the transaction within this period for any reason with a full return of the EMD.

4. Closing & Possession

• Closing Date: [__________] days after the expiration of the Due Diligence Period.
• Possession: Shall occur at the time of recordation of the Deed.

5. Exclusivity (No-Shop Clause)

Seller agrees that for a period of [__________] days from the execution of this LOI, the Seller shall not solicit, encourage, or negotiate with any other party regarding the sale of the Property.

6. Binding Status

Except for Sections 5 (Exclusivity) and 7 (Confidentiality), this Letter of Intent is intended to serve as an outline of terms only and is non-binding until a formal Purchase and Sale Agreement is executed by both parties.

7. Confidentiality

Both parties agree to maintain the confidentiality of this negotiation and the contents of this LOI, disclosing only to legal and financial advisors on a need-to-know basis.

Execution & Signature Block

For Buyer:
Authorized Signature: ________________
Printed Name: [__________]
Title: [__________]
Date: [____/____/2026]

For Seller (Acceptance of Terms):
Authorized Signature: ________________
Printed Name: [__________]
Title: [__________]
Date: [____/____/2026]

Disclaimer: This document is provided as a standardized framework. Consult qualified legal counsel for jurisdiction-specific statutory compliance.