Free Letter of Intent With All Offers

LETTER OF INTENT   Property Address: ________________________________   We are pleased to submit the following Letter of Intent to acquire the aforementioned property from you. This letter is to clarify the purchase price we are prepared to pay. The general terms will be further set forth in a formal Contract to Buy and Sell Residential Real Estate Single Homes and Portfolios Acquisition is based upon the following:   PURCHASE PRICE : $ ______________________   DEPOSIT TO ESCROW: $ ______________________. The deposit applies to Purchase Price.   DUE DILIGENCE PERIOD: __________ Days.   CLOSING COSTS:   Each party hereto shall pay their own legal fees and costs in connection therewith. Seller shall pay the grantor's tax, brokerage commission and all incurred for clearing any title survey objections to the Property.   Buyer and Seller shall equally share all escrow fees, closing costs and recording fees. Documentary transfer taxes and Standard Title Insurance Policy to be paid by Seller.   REPRESENTATIONS/WARRANTIES: Seller represents and warrants that they will disclose all of their knowledge and findings of the property and its operations to  Buyer.   DEBT / EQUITY STRUCTURE:   _______ % Cash   _______ % Hard Money  Contingencies:  ⃞ Contingent upon verified taxes, insurance, utilities, rent rolls, maintenance expense, and 12-month trailing P&L.  ⃞ Contingent upon satisfactory inspection report.   ⃞ Buyer has the option of any earnest money deposit being refunded on request at any time prior to the last date of due diligence period.  ⃞ Contingent upon clouded title Other:   This is a Letter of Intent only and it shall not form a binding agreement even if the terms of this letter are acceptable to both Buyer and Seller. Rather, it is intended as merely an expression of the general terms upon which Buyer and Seller will consider entering into a binding contract, which will only come into effect upon the mutual execution of a formal Contract to Buy and Sell Commercial Real Estate.   Time is of the essence. This letter is valid until January 1st 2019.  Sincerely ,  Name and Title   Company Name   Company Address    Phone #  Email:  _________________________ Signature