Type of Letter of Intent
Remember: A Letter of Intent is NOT binding on either party and is only an expression of an intent to continue negotiations in good faith.
Names and Addresses of the Lessees (the Tenant)
Enter the name, address for each Lessee.
Names and Addresses of the Lessors (the Landlord)
Enter the name, address for each Lessor.
Relationship Between Parties
Accurately describe the business relationship between the different parties.
(e.g. ABC Manufacturing is a manufacturer of electronic devices and wishes to purchase electronic components. Acme Wholesale is a supplier of electronic components and wishes to enter into a sales agreement with ABC Manufacturing.)
Transaction Description
(e.g. 1430 - 103 Street, Boulder, Colorado, 81210)
Describe the type of business to be purchased.
(e.g. Automotive maintenance and repair, Hair Salon, Barber shop, etc.)
(e.g. Lot 4, Block 3, Hillside Acres, County of Boulder, State of Colorado)
Rental Rate
Rental Rate
The deposit amount must be less than or equal to the purchase price.
Balance Amount: $0.00
The Closing Date for the transaction is the date by which all obligations must be met as required in the final agreement.
Terms
Select terms or conditions to include.
(e.g. Paint the entire interior of the garage.)
Additional Terms
The Letter of Intent should include critical terms for agreement, especially those terms which may require additional negotiation.