OREF C-514 – Letter of Intent

A letter of intent (LOI) is your secret weapon for kicking off a commercial property deal. Form C-514, in the OREF Commercial Library, outlines key terms like price, financing, and contingencies, ensuring everyone starts negotiations on solid ground before diving into a formal contract. Think of it as the roadmap to a seamless and successful transaction!

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Always check with your principal broker or legal counsel to ensure that you are following any policy requirements of your brokerage. All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for general purposes. Each Forms subscriber must rely solely upon their Principal broker or personal legal counsel for specific advice and instruction. You and your client should independently confirm that the Form(s) you use are legally suitable for the purposes intended and that they are current with respect to all laws and regulations.