Document background
The Real Estate Letter of Intent Template is a crucial preliminary document used in property transactions throughout England and Wales. It serves as an initial step in real estate negotiations, setting out the fundamental terms and conditions that parties intend to include in their final agreement. While generally non-binding, it demonstrates serious interest and commitment from both parties. The document typically includes property details, proposed price or lease terms, timeline for completion, and any specific conditions or requirements. It's particularly valuable in complex commercial transactions where parties need to establish clear understanding before proceeding with detailed due diligence and formal contracts.
