Letter of Intent to Purchase Residential PropertyLetter of Intent to Purchase Residential Property
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RESIDENTIAL PURCHASE LETTER OF INTENT
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Effective Date: ______________________
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RE: Intent to Purchase Residential Property
This residential purchase letter of intent (the “Letter of Intent”) represents the basic terms for an
agreement between the Buyer and Seller. After this Letter of Intent has been made, a formal
agreement may be constructed to the benefit of the Parties involved.
I. The Buyer: ______________________ (the “Buyer”).
II. The Seller: ______________________ (the “Seller”).
III. Property Address: ____________________________________________ (the “Property”).
Additional Description: _________________________________________________________.
IV. Purchase Price: The Buyer shall purchase the Property for ______________________
Dollars ($______________________) (the “Purchase Price”).
V. Purchase Terms: Payment of the Purchase Price shall be m