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It defines buyer inspection and financing timelines, franchise transfer application and approval requirements, and independent consideration credited toward the sales price at closing. The agreement states an “AS IS” sale, 1031 exchange cooperation, commission handling, closing schedule, and a limited closing extension if the buyer increases the deposit.",{"@graph":63,"@context":123},[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/non-binding-letter-of-intent-hot-yb-hotels/279921/",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/non-binding-letter-of-intent-hot-yb-hotels/279921.png","ImageObject",442,249,{"name":88,"@type":89},"Mack Lee","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-30","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",9,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115,119],{"name":106,"@type":107,"acceptedAnswer":108},"What is the purpose of this Non-Binding Letter of Intent?","Question",{"text":109,"@type":110},"It states proposed terms and conditions under which the seller will consider selling the property. Neither party becomes legally bound until a formal purchase and sale agreement is executed and delivered.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How does the deposit work and when does it become non-refundable?",{"text":114,"@type":110},"The deposit is placed into escrow immediately after mutual execution of the purchase and sale agreement. The entire deposit becomes non-refundable upon removal of feasibility, physical inspection, financing, and franchise transfer contingencies.",{"name":116,"@type":107,"acceptedAnswer":117},"What contingencies and deadlines govern the buyer’s actions?",{"text":118,"@type":110},"The buyer receives set periods after mutual execution for physical inspection, financing to obtain market-rate terms, and applying for franchise transfer with an approval deadline. The letter also describes scheduling for an on-site visit.",{"name":120,"@type":107,"acceptedAnswer":121},"What other key provisions are included beyond price and deposit?",{"text":122,"@type":110},"The letter covers independent consideration credited toward the sales price at closing, escrow close timing, seller commission payment, 1031 exchange cooperation, an “AS IS” sale standard, and a one-time closing extension tied to increasing the deposit.","https://schema.org",{"og:url":78,"og:type":125,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":127,"canonical":78},"index,follow",{"doc_id":129,"site_id":56},279921,1790474113,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":88,"user_avatar":134,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":76,"language":140,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":61,"update_tm":144,"read_time":9},1236954509970,"https://us-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","| To: Please fax back to: 713-452-4210 c/o\u003Cbr>Yu/Bijlani Hospitality\u003Cbr>Marcus & Millichap\u003Cbr>777 Post Oak Blvd.\u003Cbr>Suite \\#900\u003Cbr>Houston, Texas 77056\u003Cbr>Phone: 713-452-4246\u003Cbr>Non-Binding Letter of Intent\u003Cbr>Today’s Date:  \u003Cbr>On behalf of   and/or Assignee (“Buyer”), I am pleased to present to you this Non-Binding Letter of Intent to purchase the property commonly known as   , which is located at   in the City of   , State of  (the “Property”) . Set forth below are proposed terms:\u003Cbr>Purchase Price:   Dollars ($  ) .\u003Cbr>Deposit: Deposit of   Dollars\u003Cbr>($  ) to be placed into escrow immediately after mutual execution of Purchase and Sale Agreement. The entire deposit shall become non-refundable upon removal of feasibility, physical inspection, financing, and franchise transfer contingencies. |  |\n| --- | --- |\n| Feasibility Contingency:\u003Cbr>Physical Inspection Contingency:\u003Cbr>Financing Contingency:\u003Cbr>Franchise Transfer Contingency: | Buyer shall have   days after mutual execution of the formal Purchase and Sale Agreement to physically inspect the Property.\u003Cbr>Buyer shall have   days after mutual execution of the formal Purchase and Sale Agreement to physically inspect the Property. Buyer shall have   days after mutual execution of the formal Purchase and Sale Agreement to order a physical inspection of the Property.\u003Cbr>Buyer shall have   days (“Financing Contingency”) to obtain financing at market rates and terms, at Buyer’s cost. Buyer shall formally apply for said financing within   days of mutual execution of Purchase and Sale Agreement.\u003Cbr>This offer is subject to Buyer applying for transfer of franchise   within   days of mutual execution of Purchase and Sale Agreement and obtaining an acceptable franchise transfer approval within   days of mutual execution of Purchase and Sale Agreement. |\n| Buyer’s Initials   Seller’s Initials   |  |\n\nIndependent Consideration:   Dollars ($  )  \nof the Earnest Money shall become non-refundable and  \nremain with the Title Company upon mutual execution of  \nPurchase Contract, as Independent Consideration for  \nBuyer’s right to terminate. The entire Deposit, including  \nthe Independent Consideration, will be credited to the Sales  \nPrice upon Closing.  \nClose of Escrow: Close of Escrow shall occur   days after  \nmutual execution of Purchase and Sale Agreement.  \nEscrow Company/ Seller’s Title Company of Choice.  \nTitle Company:  \n1031 Exchange: Buyer to cooperate with Seller’s 1031 Exchange, at no cost  \nor liability to Buyer.  \nPurchase Agreement: Seller and Buyer to utilize Seller’s standard form of  \nPurchase and Sale Agreement, in form and content  \nmutually acceptable to both parties. The Purchase and Sale  \nAgreement shall be executed by Buyer and Seller within  \n  days of a mutually executed letter of  \nintent.  \nAS IS: Property is to be sold “AS IS” without any warranties by  \nSeller other than those limited warranties/representations  \nthat will be made in the Purchase & Sale Agreement.  \nClosing Extension: Seller shall grant Buyer a one-time   day  \nextension of Closing Date, if the Buyer increases his  \nDeposit by   Dollars  \n($  ) . The entire Deposit shall be applied  \ntowards the Purchase Price at Closing.  \nOn Site Visit: Buyer shall visit the hotel within   days of  \nmutual execution of a letter of intent.  \nCommission: Seller shall pay all real estate commissions relating to the  \nsale of the Property. All commissions will be payable by  \nSeller to Marcus & Millichap upon Closing.  \nDuration of Letter: This letter will remain open unless withdrawn or extended  \nuntil   . If this proposal is not accepted by  \nthat time, it will become null and void.  \nBuyer’s Initials   Seller’s Initials    \n\n| This proposal is intended to be a non-binding letter of intent which states terms and conditions upon which Seller will consider selling the Property to Buyer. Neither party shall become legally bound in any manner, notwithstanding this letter of intent or any subsequent negotiati","cbCaiubiJUMFnGIo","https://ap.wps.com/l/cbCaiubiJUMFnGIo","pdf",132040,"English","# Non-Binding Letter of Intent\n## Proposed Purchase Terms\n## Contingencies and Timelines\n## Independent Consideration, Escrow, and Closing\n## Additional Deal Provisions and Signatures","[{\"question\":\"What is the purpose of this Non-Binding Letter of Intent?\",\"answer\":\"It states proposed terms and conditions under which the seller will consider selling the property. Neither party becomes legally bound until a formal purchase and sale agreement is executed and delivered.\"},{\"question\":\"How does the deposit work and when does it become non-refundable?\",\"answer\":\"The deposit is placed into escrow immediately after mutual execution of the purchase and sale agreement. The entire deposit becomes non-refundable upon removal of feasibility, physical inspection, financing, and franchise transfer contingencies.\"},{\"question\":\"What contingencies and deadlines govern the buyer’s actions?\",\"answer\":\"The buyer receives set periods after mutual execution for physical inspection, financing to obtain market-rate terms, and applying for franchise transfer with an approval deadline. The letter also describes scheduling for an on-site visit.\"},{\"question\":\"What other key provisions are included beyond price and deposit?\",\"answer\":\"The letter covers independent consideration credited toward the sales price at closing, escrow close timing, seller commission payment, 1031 exchange cooperation, an “AS IS” sale standard, and a one-time closing extension tied to increasing the deposit.\"}]","Non-Binding Letter of Intent - Hot - YB Hotels | PDF",1789529981]