Agreement Intent
This document serves as a formal expression of interest regarding the proposed sale of a property located within the United States. It is provided solely for informational purposes and does not constitute a legally binding commitment. Parties should consult legal professionals to review specific terms and ensure compliance with applicable laws and regulations. The use of this template is at the user’s discretion, and no liability is assumed for inaccuracies or misuse without proper legal consultation.
Please note: This is a sample Letter of Intent to Sell Property in the US, intended for illustration only. Actual terms may differ based on specific negotiations and applicable laws.
Letter of Intent to Sell Property (Sample)
Seller Information:
Seller: John Doe
Address: 123 Main Street, Anytown, USA
Property Details:
Property Address: 456 Elm Street, Anytown, USA
Legal Description: Lot 12, Block 4, Sunnyvale Subdivision
Intent to Sell:
The undersigned expresses interest in selling the above-described property to the prospective buyer, contingent upon the terms and conditions to be mutually agreed upon in subsequent agreements.
Proposed Terms:
The preliminary purchase price is anticipated to be $250,000, subject to market evaluation and further negotiations. The earnest money deposit shall be $5,000, refundable until an executed purchase agreement.
Due Diligence & Next Steps:
Both parties agree to proceed with due diligence and negotiate in good faith toward executing a formal purchase agreement within 30 days from the date of this letter.
Additional Provisions:
- This letter is non-binding and intended solely to outline mutual intentions.
- All negotiations shall be conducted confidentially.
- This letter shall expire 60 days from the date signed unless extended by mutual agreement.
Date: ________________________
John Doe (Seller)
Potential Buyer