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Updated over 5 years ago on . Most recent reply

Eric Schmoll's profile image
Eric Schmoll's profile image
Eric Schmoll
  • Rental Property Investor
  • from East Bethel, MN
  • Member since Oct 5, 2018
  • Posts 3
  • Votes 1
  • Experience 23 Yrs
  • Investments 3
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Eric Schmoll's profile image
Eric Schmoll's profile image
Eric Schmoll
  • Rental Property Investor
  • from East Bethel, MN
  • Member since Oct 5, 2018
  • Posts 3
  • Votes 1
  • Experience 23 Yrs
  • Investments 3
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Eric Schmoll
  • Rental Property Investor
  • East Bethel, MN
1
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3
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Commercial Real Estate Investing

Letter of Intent for land development?

Eric Schmoll
  • Rental Property Investor
  • East Bethel, MN
Posted

What do you recommend for a proven template for a real estate letter of intent on commercial land purchase? Land to be developed for residential assisted living homes. Thanks in advance!

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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
Replied
Originally posted by @Eric Schmoll:

What do you recommend for a proven template for a real estate letter of intent on commercial land purchase? Land to be developed for residential assisted living homes. Thanks in advance!

You need to spell out parties to the transaction, purchase price, earnest money deposit, feasibility study period, entitlement period, closing date, place of of closing.

You do not want to close until you get all of your entitlements.

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