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Loi (Real Estate)
"I need a Real Estate LOI for the proposed acquisition of a commercial office building in Vienna's business district, where my investment fund plans to enter into exclusive negotiations by March 2025, with specific focus on existing tenant arrangements and potential redevelopment options."
1. Date and Parties: Opening of letter identifying sender and recipient, including full legal names and addresses
2. Property Identification: Clear description of the target property including address, land register details, and any included fixtures/fittings
3. Transaction Structure: Outline of the proposed transaction (purchase, lease, etc.) and basic deal structure
4. Commercial Terms: Key commercial terms including proposed purchase price/rent, payment structure, and timing
5. Due Diligence: Proposed scope and timeline for due diligence investigation
6. Timeline: Expected timeline for negotiation, due diligence, and completion of the transaction
7. Exclusivity: Any proposed exclusivity period and terms
8. Confidentiality: Confidentiality obligations regarding the proposed transaction
9. Non-Binding Nature: Clear statement of which provisions are non-binding and which (if any) are intended to be binding
10. Next Steps: Proposed next steps and process for moving forward
11. Validity Period: Period for which the LOI remains valid and requires response
1. Break Fee: Include when parties wish to establish a break fee arrangement if the transaction doesn't proceed under certain circumstances
2. Financing Conditions: Include when the transaction is subject to the buyer securing specific financing arrangements
3. Regulatory Approvals: Include when the transaction requires specific regulatory approvals, especially relevant for foreign investors
4. Employee Matters: Include when the property transaction involves transfer of employees or specific employment considerations
5. Asset Schedule: Include when the transaction includes specific movable assets or equipment that need to be listed
6. Existing Tenancies: Include when the property has existing tenants and specific arrangements need to be addressed
7. Cost Allocation: Include when parties want to specify the allocation of transaction costs and taxes
8. Governing Law: Include when parties want to specify applicable law for binding provisions, especially in cross-border transactions
1. Property Details Schedule: Detailed description of the property, including cadastral information, land register excerpts, and property boundaries
2. Price Calculation Schedule: Detailed breakdown of the proposed purchase price or rent calculation, including any adjustments or variable components
3. Due Diligence Requirements: List of required documents and information for due diligence
4. Timeline Schedule: Detailed timeline with specific milestones and deadlines
5. Existing Encumbrances: List of existing mortgages, easements, or other encumbrances on the property
Authors
Transaction
Purchase Price
Completion Date
Due Diligence Period
Exclusivity Period
Confidential Information
Business Day
Land Register (Grundbuch)
Binding Provisions
Permitted Purpose
Relevant Authority
Building Permits (Baubewilligung)
Encumbrances
Material Adverse Change
Preliminary Contract (Vorvertrag)
Purchase Agreement (Kaufvertrag)
Seller's Warranties
Transfer Date
Deposit
Conditions Precedent
Existing Leases
Environmental Laws
Planning Permissions
Title Documents
Property Rights (Grundstücksrechte)
Easements (Dienstbarkeiten)
Building Regulations (Bauordnung)
Zoning Requirements (Flächenwidmung)
Transaction Costs
Signing Date
Break Fee
Professional Advisers
Associated Rights
Permitted Use
Transaction Structure
Purchase Price
Payment Terms
Due Diligence
Exclusivity
Confidentiality
Timeline
Conditions Precedent
Non-Binding Nature
Binding Provisions
Access Rights
Property Title
Existing Tenancies
Environmental Matters
Planning and Zoning
Transaction Costs
Tax Matters
Break Fee
Governing Law
Dispute Resolution
Validity Period
Next Steps
Regulatory Compliance
Property Handover
Warranties
Deal Structure
Financing
Professional Advisers
Force Majeure
Real Estate
Commercial Property
Retail
Industrial & Logistics
Hospitality & Leisure
Healthcare
Office Space
Residential Development
Mixed-use Development
Construction
Banking & Finance
Investment Management
Legal
Real Estate
Finance
Mergers & Acquisitions
Investment
Operations
Business Development
Risk Management
Asset Management
Property Management
Corporate Development
Facilities
Real Estate Director
Property Manager
Investment Manager
Legal Counsel
Chief Financial Officer
Development Director
Asset Manager
Acquisitions Manager
Portfolio Manager
Transaction Manager
Head of Real Estate
Real Estate Analyst
Corporate Real Estate Manager
Facilities Manager
Chief Executive Officer
Real Estate Partner (Law Firm)
Investment Director
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