Letter of Intent to Purchase Rental Building Letter of Intent to Purchase Rental Building 2

Letter of Intent to Purchase Rental Building

Issue a Letter of Intent outlining the negotiated terms of purchase of a multi-tenant rental building with this downloadable template.

  • In a lengthy real estate deal, a letter of intent represents to mortgage lenders, contractors and material suppliers that you are ready and able to complete the transaction.
  • The buyer will have an initial inspection period to examine the building and conduct evaluations and due diligence. During this period, the buyer can terminate the transaction at its discretion.
  • The seller is responsible for obtaining title insurance, a new survey, and an environmental report.
  • The seller will pay the real estate commissions. The buyer will pay all of the costs associated with obtaining financing. Each party will be responsible for paying its own legal fees and costs associated with the transaction.
  • Security deposits, prepaid rents and common area maintenance funds held by the seller will be transferred to the buyer at closing.
  • The transaction is conditioned upon the buyer being able to obtain adequate financing.
  • Available in MS Word format and fully customizable.
Document Type: Microsoft Word
Last Updated: 04-September-2025
SKU: 8246
$17.99
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Picture of Right of First Refusal to Purchase Property | Canada

Right of First Refusal to Purchase Property | Canada

Prepare a Right of First Refusal to purchase a real estate property with this ready-made template for Canada.

  • The owner of the real estate (the grantor) grants another party (the grantee) an irrevocable right of first refusal to purchase the property.
  • The right cannot be revoked and will not expire until the grantee exercises the right to purchase or, alternatively, decides to waive its rights.
  • This downloadable legal form is available in MS Word format and is fully editable.
  • Governed by the laws of Canada.
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Picture of Real Estate Purchase and Sale Agreement | USA

Real Estate Purchase and Sale Agreement | USA

Sell your real estate property in the United States with this template USA Real Estate Purchase and Sale Agreement.

  • This form is not for property sales through a realtor or broker. This is a "for sale by owner" contract.
  • Fixtures. The property is being sold with all the attached fixtures, including window coverings.
  • Encumbrances. The property will be free of any encumbrances on title except for existing zoning laws, party wall agreements, easements, and the like.
  • Title Defects. If the seller is unable to perfect title or make the property conform to all building and zoning laws within the time agreed to by the parties, all payments made by the buyer will be refunded and the agreement will be void. However, the buyer has the option to elect to accept the property even if the title has not been perfected.
  • Adjustments. All rents, taxes, mortgage interest and other charges with respect to the property will be adjusted as of the closing date.
  • Default by Buyer. If the buyer defaults in fulfilling any of its obligations, the seller may keep any amounts paid as liquidated damages.
  • Financing Condition. The sale is conditioned upon the buyer obtaining mortgage financing.
  • Lead Disclosure. The agreement includes the required Lead Paint Disclosure form.
  • This form is available in MS Word format and is fully editable.
  • This is not a State-specific form. Some States may have certain requirements regarding the type of forms used. Check your State laws to be sure.
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Purchase Money Promissory Note for Real Estate Purchase

Purchase Money Promissory Note for Real Estate Purchase

If you are selling a real estate property and allowing the buyer to pay the purchase price over time, make sure the buyer signs this Purchase Money Promissory Note.

  • Having a signed promissory note in place makes you a secured creditor if the buyer becomes bankrupt or insolvent.
  • The buyer will pay off the balance of the purchase price in regular installments, rather than having to come up with all of the purchase money in order to close the sale.
  • The Note contains an acceleration clause, meaning if the maker defaults in a payment, the entire balance together with interest becomes immediately due and payable.
  • Get the Purchase Money Promissory Note signed at the same time that the other documents for the real estate purchase are executed by the buyer.
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Canada Letter of Intent Template

Letter of Intent Template | Canada

Need a letter of intent but don't know how to create one? Use this easy Letter of Intent template for Canada.

Purpose of Document

A letter of intent (LOI) clarifies the points of discussion between the parties prior to preparing a formal agreement, and indicates to lenders, customers, contractors and suppliers that the parties intend to complete the transaction.

The LOI is not legally binding for the most part, except for certain provisions such as confidentiality.

Key Provisions of Letter of Intent

  • Both parties agree not to discuss with, or consider offers from, any other party the matters being negotiated between them so long as the letter of intent is in effect.
  • The parties each agree to keep the other's information confidential and not to disclose any information regarding the negotiations.
  • Each party agrees to pay a break-up fee as a penalty if the negotiations are terminated for any cause other than a breach of the LOI.

Format and Jurisdiction

The Letter of Intent template is available in MS Word format. It is fully customizable and reusable. This template was drafted for use anywhere in Canada.

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