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Letter of Intent to Purchase Real Estate

Free letter of intent template for a prospective buyer to outline preliminary terms for purchasing a property before a formal purchase agreement.

This free letter of intent to purchase real estate covers Proposed Terms, Due Diligence Period, Non-Binding, Response Requested with 8 clearly marked [placeholder] fields to fill in — built for landlords, tenants, and small property owners documenting a lease or tenancy change clearly, without guessing at the right structure. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.

Template — click to edit

Letter of Intent to Purchase Real Estate

[Date]

[Seller Name] [Property Address]

Dear [Seller Name],

This letter outlines [Buyer Name]'s intent to purchase the property located at [Property Address], subject to the terms below.

Proposed Terms

Purchase price: [Amount] · Deposit: [Amount] Financing contingency: [Yes/No, terms] · Inspection contingency: [Timeframe] Proposed closing date: [Date]

Due Diligence Period

Buyer requests [Number] days from acceptance to complete inspections and finalize financing.

Non-Binding

This letter is a non-binding expression of interest, intended to form the basis for a formal purchase agreement. Neither party is obligated to complete the transaction until a definitive purchase agreement is signed by both parties.

Response Requested

Please indicate your interest in proceeding by [Date], so we can move forward with a formal purchase agreement.

Sincerely, [Buyer Name]

*This document is provided for informational and educational purposes only and does not constitute legal advice. An LOI speeds up negotiation on the big-picture terms before both sides invest in drafting a full purchase agreement — but it should explicitly stay non-binding unless you specifically intend otherwise, since ambiguous LOI language has led to real disputes over whether a "preliminary" letter was actually enforceable.*

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Edit directly in the box above. Download PDF anytime — the docstoc.io footer is always included and cannot be removed.

What's included

Who this template is for

Freelancers & solo founders

Handling routine business paperwork without commissioning custom legal drafting for every document.

Small businesses

Standardizing recurring documents — leases, agreements, notices — across a growing operation.

Anyone reviewing before signing

Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.

Independent landlords

Managing a rental directly, without a property management company's paperwork.

FAQ

Is this letter of intent to purchase real estate template really free?

Yes. Like every template in docstoc's library, this letter of intent to purchase real estate is free to use, with no account or signup needed to view, edit, or download it.

What does this letter of intent to purchase real estate cover?

This real estate template includes Proposed Terms, Due Diligence Period, Non-Binding, Response Requested. Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.

Is this legal advice?

No. Landlord-tenant law is one of the most locally-specific areas of law in the US — notice periods, required disclosures, and even what a lease is allowed to say vary by state and often by city. Check your local requirements (or a real estate attorney) before using this for an actual lease or notice.

Can I edit the wording?

Yes — edit directly on the page, adjust any section or clause, and re-fill the 8 placeholder fields to match your situation before downloading a PDF. It's a starting structure, not a rigid script.

Where can I find more free templates like this?

Browse more free real estate and related document templates in the docstoc library at /document-templates/.

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