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It introduces key parties, defines the property subject to the letter, and addresses both broad ownership interests and related rights. The model also emphasizes that letter-of-intent stages may be nonbinding or binding depending on circumstances, and it provides detailed property description structure for use in real estate transactions.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/a-model-letter-of-intent-for-the-purchase-and-sale-of-property-letters-letter-of-intent/277366/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/a-model-letter-of-intent-for-the-purchase-and-sale-of-property-letters-letter-of-intent/277366.png","ImageObject",442,249,{"name":88,"@type":89},"Chloe Bennett","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-19","2026-09-15",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",9,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What is the purpose of the letter of intent in a real estate purchase and sale?","Question",{"text":109,"@type":110},"It sets out the terms for how the prospective buyer may initiate due diligence and, at the buyer’s option, proceed toward negotiating a purchase and sale agreement in good faith.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"Can a letter of intent be nonbinding or binding?",{"text":114,"@type":110},"Yes. The document explains that letter-of-intent arrangements can range from straightforward nonbinding terms to detailed terms that bind the parties depending on the parties’ intentions and circumstances.",{"name":116,"@type":107,"acceptedAnswer":117},"What does the model letter define as the property subject to the intent?",{"text":118,"@type":110},"The property generally includes the seller’s right, title, and interest and associated real property interests, along with related appurtenant rights such as water rights, and certain leasehold interests adjacent to the real property.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},277366,1790024038,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":61,"update_tm":141,"read_time":76},962084925782,"https://ap-avatar.wpscdn.com/davatar_9964176cb1d06d4a9deccf72a44ae3dc","A Model Letter Of Intent For The Purchase And Sale Of Property  \nCatherine T. Goldberg  \nis a director in the Albuquerque office of Rodey, Dickason, Sloan, Akin & Robb, PA, and a member of the firm’s Executive Committee. She practices in the areas of real estate financings, banking, foreclosures, commercial law, leases, contracts, and corporate law. Ms. Goldberg is a frequent speaker at meetings of the American College of Mortgage Attorneys, the American College of Real Estate Lawyers, the Real Property Institute of the Real Property, Probate and Trust Section of the New Mexico Bar Association, and other professional organizations. She is a member of the American College of Real Estate Lawyers, (ACREL) and the American College of Mortgage Attorneys (ACMA) where she is the State Chair for New Mexico; she is a member of the ACMA Opinions Committee and a past regent. Ms. Goldberg has been included in The Best Lawyers in America in real estate and banking continuously since 1995, and she has been listed in Chambers USA America’s Leading Business Lawyers in real estate continuously since its inception in 2003. She is listed in Southwest Super Lawyers for 2007, 2008 and 2009 and in the 2007 and 2009 editions she is recognized as one of the Top 25 Lawyers in New Mexico. She can be reached at cgoldberg@ [rodey.com](rodey.com).  \nCatherine T. Goldberg  \nKnow the deal before you do the deal.  \nParties contemPlating real estate transactions have every reason to be careful. The investment is likely to be a major one. A mistake can be devastating. There always lurks the possibility of potential liabilities that maybe extraordinarily difficult to identify. To assuage the concerns of all involved, a letter of intent will be an attractive prospect.  \nLetters of intent can take many forms. They can be straightforward and not bind the parties at all, or they can be quite detailed and bind the parties to quite a few terms. In many (possibly most) cases, both parties at the letter of intent stage have neither the intention nor the desire to be bound—for such parties, binding terms would defeat the purpose of a letter of intent altogether. However, in some circumstances the parties might, for a variety of reasons, be willing to bind themselves to certain terms at this stage. The following Model Letter of Intent was drafted for a sophisticated purchaser client, a business with a real estate department, that wanted to bind the seller to as many terms as possible from the very beginning. The purchaser wanted to start its due diligence immediately, without having to wait until the details of a purchase agreement were ironed out. As with all form documents, it is intended only as a starting point for consideration of the kinds of issues that a letter of intent with binding terms for the purchase and sale of property can address.  \nThe Practical Real Estate Lawyer | 43  \n44 | The Practical Real Estate Lawyer May 2010  \nletter oF intent  \nThis letter of intent (“Letter”) will outline the terms and conditions under which the prospective buyer  \n  (“Buyer”), with the consent of the prospective sellers    \nAND   (collectively, “Seller), may initiate due diligence investigations and, thereafter, at Buyer’s option, proceed toward the negotiation, in good faith, of an agreement of purchase and sale (“Purchase Agreement”) of property located in   County New Mexico, more particularly described in Section 1 below (the “Property”) . Buyer and Seller are sometimes referred to in this Letter as the “parties.” Buyer and Seller agree as set forth below.  \n1. Property Description. The property subject to this Letter consists of all Seller’s right, title and interest in and to the______________________________in______________________________ County, New Mexico, consisting of approximately   acres, as depicted on the map attached as Exhibit A, together with all appurtenant and related water rights and water rights-related property, including, more specifically, without l","cbCaio5EBRAHkg8D","https://ap.wps.com/l/cbCaio5EBRAHkg8D","pdf",172644,8,"English","# Letter of Intent Overview\n## Purpose and Binding Nature\n# Definitions and Parties\n## Buyer and Seller\n# Property Description\n## Rights, Interests, and Appurtenant Water Rights\n## Leasehold and Adjacent Interests","[{\"question\":\"What is the purpose of the letter of intent in a real estate purchase and sale?\",\"answer\":\"It sets out the terms for how the prospective buyer may initiate due diligence and, at the buyer’s option, proceed toward negotiating a purchase and sale agreement in good faith.\"},{\"question\":\"Can a letter of intent be nonbinding or binding?\",\"answer\":\"Yes. The document explains that letter-of-intent arrangements can range from straightforward nonbinding terms to detailed terms that bind the parties depending on the parties’ intentions and circumstances.\"},{\"question\":\"What does the model letter define as the property subject to the intent?\",\"answer\":\"The property generally includes the seller’s right, title, and interest and associated real property interests, along with related appurtenant rights such as water rights, and certain leasehold interests adjacent to the real property.\"}]","A Model Letter Of Intent For The Purchase And Sale Of Property - Letters - Letter of Intent | PDF",1789500013]