Lease Purchase with Option to Buy Commercial - Letter of Intent

[Juel McGhee]

I need assistance with the terms of this LOI. The owner has a building that my client will have to bring up to par for their use. The will have to spend 160k in order to operate. For that reason, they only want to do the deal with the option to buy. They are not able to buy the property now, but will in 1 year. They will need 8 months minimum build out time to even open the door. The owner is asking for a price that the building will be worth once my client repairs it and says they don't want a lease purchase. Any helpful terms, clauses, or sample LOI would be helpful