Letter Of Intent: A Key Document in Commercial Real Estate
Letter Of Intent: A Key Document in Commercial Real Estate What Is a Letter of Intent? A Letter of Intent is a non-binding letter that states a future plan. In some markets, it's called a Proposal or a Memorandum of Understanding. The Letter of Intent or LOI is utilized in a slew of different situations. Here are a couple of the most common uses: The Letter of Intent is used to outline the key aspects and relevant information for a proposed transaction.The Letter of Intent signifies that a party is committed to moving forward with a transaction.The Letter of Intent [...]