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The buyer agrees to purchase under outlined basis terms including purchase price, cash down payment and deposit, first and second mortgage amounts with stated interest, lender roles, and a target closing date of 06/01/2017. The LOI specifies conditions precedent, required reviews and inspections within 180 days, acceptance validity for five business days, and that the document is not a legally binding agreement pending a future Purchase and Sale Agreement.",{"@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/letter-of-intent-to-purchase-loi-2-terms-and-conditions/281140/",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/letter-of-intent-to-purchase-loi-2-terms-and-conditions/281140.png","ImageObject",442,249,{"name":88,"@type":89},"eBook King","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-26","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",13,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"Who are the buyer and seller listed in this letter of intent?","Question",{"text":109,"@type":110},"The buyer is Apartment Solutions LLC (or its nominee), and the seller is the Apartment Building Owner John.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"What financing structure and proposed purchase price are specified?",{"text":114,"@type":110},"The proposed purchase price is $1,000,000, with $49,000 cash down payment and $1,000 cash deposit. Financing includes a $750,000 first mortgage and a $200,000 second mortgage at 7% interest amortized over 15 years.",{"name":116,"@type":107,"acceptedAnswer":117},"What conditions precedent must be satisfied before the buyer’s obligation to purchase?",{"text":118,"@type":110},"The buyer’s obligation is subject to satisfaction or written waiver within 180 days after the Purchase and Sale Agreement execution, including documentation approval, rental/lease final approval, seller’s working-condition and roof repair warranties, satisfactory title review, satisfactory physical/environmental inspections, and completion of due diligence.","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},281140,1789564433,{"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":73,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":126,"read_time":9},962088006270,"https://ap-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45","Apartment Solutions LLCA Multifamily Real Estate Investment Company  \n555 Blue St. Tampa, Florida, 55555 Phone 555-555-5555  \nLetter of Intent to Purchase  \nDate: 03/01/2017  \nSeller: Apartment Building Owner John  \n555 Green St. Tampa FL, 55555  \nBuyer: Apartment Solutions LLC  \nInvestor Bruce  \n555 Blue St. Tampa FL, 55555  \nProperty: John’s Waterfront Estates  \n555 Waterside Rd. Tampa FL, 55555  \nDear Mr. Apartment Building Owner John,  \nBased upon the information you have provided, the buyer agrees to buy and theseller agrees to sell the following real estate property under the terms and conditions I have outlined below. The below terms and conditions are not comprehensive, and we expect that additional terms will be added and incorporated into a formal agreement/contract (Purchase and Sale Agreement) to be negotiated. The basis terms and conditions are as follows:  \n1. Buyer: Apartment Solutions LLC or it’s nominee  \n2. Seller: Apartment Building Owner John  \n3. Property Address: 555 Waterside Rd. Tampa FL, 55555  \n4. Proposed Price and Financing:  \na. Purchase Price: $1,000,000  \nb. Cash Down Payment: $49,000  \nc. Cash Deposit: $1,000  \nd. First Mortgage: $750,000  \ne. First Mortgage Lender: Bank XYZ  \nf. Second Mortgage: $200,000 @ 7% interest amortized over 15 years  \ng. Second Mortgage Lender: Seller, Apartment Building Owner John  \nh. Closing Date: 06/01/2017  \n5. Conditions Precedent: The obligation of the buyer to purchase the subject property will be subject to satisfaction or written waiver by the buyer of the following conditions within 180 days after execution and delivery of the Purchase and Sale Agreement.  \na. Receipt, review, and approval of the documentation concerning the property.  \nb. Buyer to have final approval of any rental agreements, service contracts, or leases negotiated during the escrow period.  \nc. Seller warrants that at the close of escrow all heating, cooling, electrical, appliances, and mechanical apparatus are to be in working order, and the roof (s) to be in good repair and free of any leaks.  \nd. Satisfactory review of the title of the subject property  \ne. Satisfactory physical and environmental inspections/reports on the property  \nf. Completion of satisfactory examinations and due diligence  \nUnder the above terms and conditions, it is my intention to purchase John’s Waterfront Estates at 555 Waterside Rd. Tampa FL, 55555. The acceptance period is valid for five (5) business days after date of this offer. If acceptance is not signed and received within this time period, the offer shall be revoked. This letter of intent is in no way intended to be a legally binding agreement between the buyer and theseller. Upon receipt of the signed letter, I shall instruct my attorneys to draft a purchase agreement.  \nSincerely, Investor Bruce  \nAccepted and agreed upon this   day of   , 20  .  \nSeller signature:","cbCaifV3bZoZGXOp","https://ap.wps.com/l/cbCaifV3bZoZGXOp","pdf",52706,"English","# Letter of Intent to Purchase\n## Parties and Property Details\n## Proposed Price and Financing\n## Conditions Precedent and Due Diligence\n## Acceptance Period and Legal Effect","[{\"question\":\"Who are the buyer and seller listed in this letter of intent?\",\"answer\":\"The buyer is Apartment Solutions LLC (or its nominee), and the seller is the Apartment Building Owner John.\"},{\"question\":\"What financing structure and proposed purchase price are specified?\",\"answer\":\"The proposed purchase price is $1,000,000, with $49,000 cash down payment and $1,000 cash deposit. Financing includes a $750,000 first mortgage and a $200,000 second mortgage at 7% interest amortized over 15 years.\"},{\"question\":\"What conditions precedent must be satisfied before the buyer’s obligation to purchase?\",\"answer\":\"The buyer’s obligation is subject to satisfaction or written waiver within 180 days after the Purchase and Sale Agreement execution, including documentation approval, rental/lease final approval, seller’s working-condition and roof repair warranties, satisfactory title review, satisfactory physical/environmental inspections, and completion of due diligence.\"}]","Letter of Intent to Purchase - LOI 2 - Terms and Conditions | PDF"]