Canada Letter of Intent to Purchase Commercial Real Estate Property

Get the ball rolling on a purchase of commercial real estate in Canada with this template Letter of Intent.

• Signing a Letter of Intent will allow you to get a head start on site development, construction and financing before signing the formal purchase and sale contract. The Letter of Intent summarizes the discussions between the parties to date.
• 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.