Letter of Intent to Purchase Commercial Real Estate Property (Canada)

Are you planning to purchase a commercial real estate property in Canada? Get the ball rolling prior to drawing up the formal Purchase & Sale Contract by setting your intentions out in this Letter of Intent.

Signing a Letter of Intent will allow you to get a head start on site development, construction and financing before the closing date. The Letter of Intent summarizes the discussions between the parties including:

• The vendor will provide the purchaser with copies of all documents relating to the property and any tenants who are leasing space in the property, so that the purchaser can perform a full review prior to completing the transaction.
• Closing of the transaction is contingent upon several conditions precedent, including satisfactory inspection of the property and review of all documentation, and the purchaser being able to secure sufficient mortgage financing.
• The parties agree to keep confidential all information exchanged with respect to the discussions and the transaction.

This Canadian Letter of Intent to Purchase Commercial Real Estate Property is provided in MS Word format, and is fully editable to fit your specific circumstances.