Archives Mutual Confidentiality

What is a Letter of Intent?

A Real Estate Letter Of Intent (LOI), also known as a Letter Of Interest, is a preliminary document that outlines the basic understanding between two or more parties regarding a potential real estate transaction. It serves as a preliminary agreement before the official, legally binding contract is finalized. Let’s be clear, a LOI is NOT binding, unless it’s clearly indicated and accepted. Key aspects of…

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