Letter of Intent to Purchase Commercial Real Estate Property | Canada

Set out the terms of agreement for a purchase of commercial real estate in Canada with this template Letter of Intent.

A Letter of Intent (LOI) is used to outline the preliminary terms and intentions for the purchase of commercial real estate in Canada. Signing this document serves as a signal to lenders and contractors that the parties intend to move forward with the transaction. This step allows for an early start on site development, construction, and financing activities prior to the execution of the formal purchase and sale contract.

Summary of Discussions

The LOI serves as a summary of the discussions that have taken place between the vendor and purchaser up to this point. It formally records the preliminary agreements and mutual understandings of the parties regarding the transaction.

Vendor Obligations

The vendor is responsible for providing the purchaser with all documentation related to the property. This includes documents concerning any leasehold tenants. These materials must be delivered early enough to give the purchaser adequate time to review them before the closing date.

Purchaser Requirements

Prior to the transaction closing, the purchaser must be satisfied with both the document review and the physical inspection of the property. Additionally, the purchaser must be able to secure sufficient financing to complete the purchase.

Applicability and Format

This LOI template can be used for commercial real estate transactions in any Canadian province or territory (with the possible exception of Quebec). It is available in MS Word format and is intended strictly for properties located within Canada.

 

Document Type: Microsoft Word
Last Updated: 25-September-2025
SKU: 6849
$17.99
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