Letter of Intent

Letter of Intent Real Estate Template – Format, Sample & Examples

October 9, 2019 Leave a Comment

One of the first steps towards purchasing or leasing a property involves drafting a letter of intent real estate. A real estate letter of intent serves as a starting point for the parties involved to negotiate and set the terms of the deal before moving forward with the actual purchase. Buying and selling real estate is a very tough process. It is important to document every decision to avoid any confusion. The letter of intent in real estate can help avoid any miscommunication and help the involved parties understand each other’s expectations before moving forward. However, a letter of intent real estate is not a binding agreement, which means that both the buyer and seller are free to walk away if they find a better deal. This is a great way for both the involved parties to negotiate without any added burden.

Considering a letter of intent in real estate plays a key role, it is important for you to understand the different aspects of the letter an how it can be used to express your terms clearly. We will provide you with the format and samples of the letter of intent in order to help to clearly understand the details and to help you customize your letter based on your requirements.

Format Letter of Intent Real Estate

A basic format for the letter of intent real estate can make things considerably simple for you. Here is a simple format to get you started with drafting a real estate letter of intent:

To,
(Buyer/Seller Name)
(Address)

(Date)

Subject:

Content of the proposal

How to Write Letter of Intent Real Estate

While the format for a letter of intent real estate is simple enough, details of the letter play an important role in establishing a clear communication between the involved parties. The first thing to keep in mind is that you adhere to the simple format and clearly specify the name and address of the person for whom the letter is intended. The next step involves stating the subject of the intent (buying or selling) as simply and clearly as possible. The next step involves writing down the details of the deal in regards to property in question like area covered by the property, intended price offered for the property, how the price will be paid, time period of purchase, investigation period for property, expiry of offer and other relevant contract details. A thorough letter discussing every aspect of the intended offer enables both the parties to better understand each other’s aspirations and can result in better deals for both.

Letter of Intent to Purchase Real Estate

To,
Mr. Edward Robertson,
#123, 987 Ducking Street
New York,

27th July 2019

Subject: Letter of Intent regarding the purchase of your property in New York

Dear Sir,

I am writing to you with intent of purchasing your property located at #765, Lincoln Street, New York. On careful inspection, I have found that your property perfectly fits into my requirements and I am interested in taking things further through this letter of intent to purchase your property. With a family of four, your property will serve as a great place for me to relocate my family as it is close to my parents and my new office.

I would like to propose a purchase price of $100,000 for your property. The price will be paid in full at the time of purchase and registration of the property in my name. I intend to pay the amount by cheque. I am willing to pay you $20,000 as advance and I am hoping to receive the possession of the property within the next month. However, I’d like a few days to inspect the property before I can move ahead with the purchase.

Kindly let me know what do you think of the offer and we can make a few changes as per your requirements.

Regards,

William Specter

Letter of Intent Commercial Real Estate

To,
Mr. Robert Singer,
#356, 4th Cross, 71 Street
Washington

30th July 2019

Subject: Letter of Intent in regards to the purchase of your property at Qwerty Street, Washington.

Dear Mr. Robert Singer,

This letter of intent expresses our interest in buying your property situated at Qwerty Street, Washington. Subject to our mutually acceptable conditions, we intend to enter into a Purchase and Sales Agreement for the purchase of the above mentioned property. The details of the terms are mentioned as follows:

Mr. Thomas Langdon of 412 Zanskar Street, Arizona, intends to buy Mr. Robert Singer’s property at Qwerty Street, Washington. The buyer, Mr. Langdon would like to purchase the property along with all the necessary documents, entitlements and government approvals that come with the property. The purchase price offered for the property is $250,000. The buyer is willing to pay 10% of the purchase price which is $25,000 in advance and the rest will be payed through escrow within the next 30 days of the acceptance of the intent by the seller, Mr. Robert Singer.

From the date of acceptance of the intent, the buyer would like to seek 15 days as investigation period in order to perform all the necessary checks and due diligence before moving forward. The final purchase agreement shall be drafted by the buyer, upon the acceptance of the letter of intent by the seller. In case of no response from the seller, the intent of purchase offer is set to expire by 16th August 2019.

We are forward to your acknowledgment, so we can take thing forward and finalize any changes as per your requirements.

Please sign and return the copy of the letter as acceptance of our intent of purchase, so we can begin further negotiations.

Buyer

Mr. Thomas Langdon,
412 Zanskar Street, Arizona

Acknowledged by:

(Signature)

Letter of Intent for Promotion Template – Format, Sample & Examples

October 5, 2019 Leave a Comment

A Letter of intent for promotion is written when you apply for promotion within or outside an organization. Many employees who look for promotion write this letter to employers. It is the same as a cover letter but has more details. It does not provide your detailed qualifications only but also your achievement as well as your career goals.

How to Write a Letter of Intent for Promotion

You can see the samples while writing the letter of intent for promotion as it will help you to write the letter perfectly. You should follow the correct format and tips to write the impressive letter of intent for promotion.

By this letter, express your intention that you are applying for the promotion. You should start writing with the position for which you are applying. You also need to write your current position. In your first paragraph just write down the basic information such as qualifications and work experience, then you need to outline your achievements in the company till now such as awards you have received on this position and how many clients you handle.

In your next paragraph, you should explain why you are eligible for this position or promotion. Then you need to talk about your future plans and what you can bring to this organization in the future. At last, you should talk about the ways how you can save money, make a good public image and benefit the company.

All in all, you have to write in the letter why you are perfect for the position and benefits the company can have by having you in that position.

Sample Letter of Intent for Job Promotion

To Manager
ACK enterprises
New York

Dear Sir,

I have come to know about the vacancy for the post of Senior Officer in your bank. I am writing this letter to apply for this post.

I am currently working in ABC bank as Officer. I have a total experience of 7 years, four years in my current position of Officer in the Sales Department and the other three years as a Junior Officer in the same department.

With my huge experience in the Sales Department, I feel that I am eligible enough for the Senior Officer post at your bank. As a Sales Officer, I have many responsibilities such as handling the customers, opening new accounts, increase CASA and many more. I won 3 awards as an employee of the year and also have many certifications.

It would be my pleasure to work in your organization as a Senior Officer. Kindly accept my resume for consideration for this job and allow me to serve at your bank. I look forward to hear from you.

Yours sincerely,

Ben

Sample Letter of Intent for Promotion within Company

To Bank Manager
CK Institute
NYC

Dear Mr. Dow,

I am very delighted about growing my career in ABC Company and writing this letter to apply for the Manager position. I joined this company 3 years ago as a Team leader. It was my pleasure to work with a highly talented team in this company. I shall surely bring good growth to this company in the future.

I have been handling many clients during my tenure in the company. I have a team of 10 employees under me. I keep conducting meetings with them on a daily basis and guide them. I have many other responsibilities as a team leader. During my tenure, I have gained many development skills. I also have been awarded as the best performer many times.

Now I think I am eligible enough to be a manager in this company. I appreciate your consideration and also look forward to discussing for promotion at your convenience. Kindly let me know if I am missing any information.

Regards,

Jac

Letter of Intent to Apply for a Position

To Recruitment manager
IACK enterprises
California

Dear Sir/Madam,

I am penning down this letter to apply for the post of Junior Engineer at ABC enterprises. I would love to be a part of your organization. I am a graduate in computer science and completed my degree from the best college in California. I also have practical experience of 3 years in a retail company.

I would love to improve my knowledge in this profession within your organization. I also know about the work quality of your organization which keeps the organization up in ranking. If you give me an opportunity to work with your organization, I shall definitely bring a strong strategy to your organization with my experience and knowledge. Kindly see the CV enclosed with this letter. If you have any queries, feel free to contact me at abc@123.com.

I look forward to hear from your side. Thanks for your consideration and time.

Regards,

Jimmy

Letter of Intent for Scholarship Template – Format, Sample & Example

September 30, 2019 Leave a Comment

A letter of intent for scholarship is written as a statement of purpose. It constitutes your plan of study at the university while doing the course of your choice. You have to satisfy the college committee that you deserve the scholarship to assist you to move to college and become the best in your selected profession. You need to list down your qualifications to show that you are capable and you will surely be successful in your selected profession as well as college.

Format of Letter of Intent for Scholarship

The format of the letter of intent should be followed properly to write the perfect and impressive letter. Below is the format of letter of intent of scholarship:

Sender Name
Sender Address
Contact number
Email Id

Date of submission

Recipient Name
Recipient Address

Subject: Letter of intent for scholarship of (Course Name)

Salutation

Main content

Valediction

Sender Signature

How to Write Letter of Intent for Scholarship

Letter of intent for scholarship is the first thing that committee notices while looking at the applications applied by students. Thus, a letter of intent for scholarship should be impressive enough to make the committee show interest in your application. It should include a brief introduction about your plan to study at a university with the importance of this field for your career. You need to write in a very clear and concise manner. In addition to that, you have to present yourself as the best candidate with a good academic record. Also, make sure that your letter fits into a single page so that the reader does not have to get hard while reading your letter. You should briefly describe why you need this scholarship highlighting your academic records and career goals which makes your profile suitable for that particular scholarship.

Sample Letter of Intent for Scholarship with Examples

You should look for the letter of intent for scholarship sample on the internet before writing the letter. There are many samples available that can help you write the perfect letter of intent for scholarship.

Below is the example of one of the samples of letter of intent for scholarship written by a student while applying for the MBA program in a university:

Letter of Intent For Scholarship

Steve Jose
12 Road, California
0817981787
1212@abc.com

Date: 25th August 2020

IK University
California

Subject: Letter of intent for scholarship for MBA

Respected Sir,

I, Steve Martin am writing this letter to apply for the full scholarship in your university for the course of MBA batch starting in October. I was selected to join the course at your university and writing this letter to show my interest in applying for the scholarship for this course.

I have been a brilliant student throughout my academic life. I have always been the topper of my class and also participated in various extra-curricular activities such as singing, basketball and cricket. I have completed the bachelors of business administration from ABC University with distinction. I always wanted to do masters in business administration and grow in that field and with the help of this scholarship, I will be able to finish my MBA and fulfill my dream.

I request you to consider my application for the full scholarship and I promise that I will perform well in my course and would not make you regret your decision. I have enclosed my scholarship essay on ‘Human impact on the environment’.

I look forward to get a positive response soon.

Sincerely,

Steve Martin

Letter of Intent for Scholarship Sample

Sheryl Wilson
City Square Road, Churchill
1234567890
kas@gmail.comi

Date: 17 March 2019

Kashmiri University
Vancouver

Subject: Letter of intent for scholarship for Nursing

Respected Sir,

My name is Sheryl Wilson and I am a final year student of bachelors in nursing from the University of Churchill. I am writing this letter to apply for the scholarship program for Masters in Nursing from your university.

I have a very good academic record throughout my school. In addition to that, I have participated in many extra-curricular activities. I understand that the medical field is a challenging field but it is my dream to be a nurse and serve the people and being a nurse is everything for me.

I know that you will receive many applications for scholarship but I assure you that I will not let you down with my performance. I hope you will consider me for the scholarship program at your university and let me fulfill my dream of becoming a qualified nurse.

I look forward to get positive turnaround soon.

Sincerely,

Sheryl Wil

How to Write a Letter of Intent | Letter of Intent Format

August 16, 2019 Leave a Comment

The term letter of intent, also considered as letter of interest, briefly describes the intent associated between two parties in a relative manner. There are varieties of letter of intents that are drafted, based on situations. They may include buying real estate property or indicating admissions to college through intent of acceptance of an offer in a formal way. The letter of intent can be issued for recipients of scholarships as well.

However, in a business, the term letter of intent or interest is drafted in the form of a proposal of deal between the two parties. Such business proposals may cover mergers and contracts, acquisitions and purchases. A letter of intent has no binding on both the parties, but do assist to clarify the various clauses of a deal. Many times it can act as a protection in the event of a deal getting terminated.

Letter of Intent Format

A typical letter of intent format given below reveals the readiness of one party to buy a business from another party. This letter is considered as a great method for communicating the intentions between two parties.

Sample text Format

John Taylor
CFA
Chesterfield Inc
155 Garrison Street
Glamorganville, Virginia State 77778

1/1/2012

Bill Stefan
CEO
Steel Container Corporation Limited
155 Garrison Street
Glamorganville, Virginia State 77778

Dear Mr. Bill Stefan

Greetings of the Day

We have pleasure in submitting our letter of intent for purchasing your business, Steel Container Corporation Limited, its assets and inventories. The principal terms of the proposed business transactions as envisaged should be significant as follows.

We would plan to proceed the acquisition of Steel Container Corporation Limited including its other services and amenities located anywhere in 155 Garrison Street. It also includes logos, brand equity and brand, and lists of customers. Besides, we plan to acquire field as well as all office equipments and inventory. We would take it for granted that the existing outstanding debt of the company is $40,000.

As a part of consideration to this letter, we plan to offer a compensation of $500,000. The details are as:

$40,000 in the form of deposit subject to execution of this purchase agreement
$200,000 shall be paid after fifteen days of period of transfer
Balance amount shall be paid in equal instalments every month in the first six months after closing

We would require that you stop shopping from any other buyers for a period, which not less than sixty days, to give us time to finalize and execute this agreement with due diligence. We also expect that you do not disclose our letter of intent to purchase your company. After execution of this agreement, we can make a press release jointly.

This is not to be considered as an official purchase agreement. All other conditions and terms of the proposed deal will be detailed in the Purchase agreement. This is subject to mutual negotiations and agreement between the two parties.

Upon selection as a potential buyer, we expect that from the date of selection to closing, it will not take more than forty-five days.

Sincerely,

John Taylor

How to write a letter of Intent

The following are some of the tips that need to be followed while drafting a letter of intent

Reasons for writing the letter of intent should be given
Information about the job vacancy or business deal must be written
Appreciating the company to which the letter of intent is sent, is important
It is essential to make use of an appropriate business letter format
Ascertaining the name of the correct person to whom the letter of intent needs to be written
In order to ensure that the letter is read by the correct person, it is essential to avoid addressing the letter using generic names or titles
It should be remembered that most of the provisions detailed in the letter of intent are not considered as starting point for negotiations of deal or binding in any manner
The letter of intent is to be treated as a process of business negotiation
There are some binding provisions, like no shop provision or agreement non-disclosure
The letter of intent should relate only to the matter. It should be kept short

How to start a letter of intent

Here is how to start writing a letter of intent. The person should start this letter by introducing himself or herself and the reasons for forwarding a letter. If the letter of intent is meant for a job, it should be mentioned. He or she should express the desire to work with the company for which the letter is being sent. The specific field of interest related to the company, skills, awards, and achievements of the person, should be indicated in the letter of intent.

How to End a letter of Intent

The closing of the letter of intent is also important. The ending should be professional in nature. The words, Sincerely or Best, are usually written to conclude the letter of intent. If a printed letter is sent, there should be a handwritten signature along with the typed name of the person. Ending the letter of intent in such a manner will have good value.

Letter of Intent vs Cover Letter

A letter of intent is regarded as an overview of the background of the person writing this letter. It also reveals his or her interest in working for the company written to, irrespective of having an opening or not. On the other hand, a cover letter contains a resume, which is normally sent by the person who is applying for a job.

How long should a letter of intent be

The letter of intent should be short in nature. Besides, it should be effectively written summarizing the person’s complete deal or proposal. This letter, which can be extended to a maximum of three or four pages, should be in the form of a business letter. It is vital that the letter of intent must be forwarded on a professional letterhead of the person’s company.

Letter of Intent Real Estate Template – Format, Sample & Examples

Format Letter of Intent Real Estate

How to Write Letter of Intent Real Estate