Get Free Business Purchase Letter Of Intent Template - Pdf ...

Filling out the Free Business Purchase Letter Of Intent Template is an essential step in indicating your intention to purchase commercial property. This guide will provide concise and clear instructions on how to effectively complete the template online.

Follow the steps to complete the form with ease.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred online editor.
2. Begin by entering the effective date at the top of the form. This date represents when the letter of intent takes effect.
3. Identify and fill in the details for the Buyer and Seller in the designated sections. Clearly state the names of both parties involved in the transaction.
4. Provide the property address and any additional description that may be necessary to clearly identify the property in question.
5. Specify the purchase price in both words and numbers to avoid any confusion regarding the agreed amount.
6. Outline the purchase terms by detailing how the payment will be made, including any conditions related to financing.
7. Indicate whether the purchase is conditional or not on financing. If conditional, provide details regarding the financing terms.
8. Set the proposed closing date, allowing for adjustments as agreed upon by both parties.
9. Clarify who will bear the closing costs by checking the appropriate box for the Buyer, Seller, or both parties.
10. State the possession date, which is when the Buyer will take ownership of the property.
11. Include fields regarding property inspections, emphasizing rights for inspections and timelines for reporting any findings.
12. Choose whether the letter shall be binding or non-binding by initialing and checking the appropriate options.
13. Define any standstill agreements to prevent the Seller from negotiating with others until an agreement is reached.
14. Add any additional provisions that may be relevant to the agreement in the specified section.
15. Note the governing law, specifying the state whose laws will apply to the agreement.
16. Finally, both the Buyer and Seller should sign and date the letter, ensuring all necessary details are included before submitting.
17. Once completed, save your changes, and you may choose to download, print, or share the document as necessary.

Complete your business purchase letter of intent online today to ensure a smooth transaction.