what is loi in real estate
Letter of Intent
People also ask
What is an LOI in commercial real estate?
WHAT IS AN LOI? | WHAT DOES LETTER OF INTENT MEAN? An LOI stands for Letter of Intent. In commercial real estate, a Letter of Intent is a preliminary agreement that is negotiated between a tenant and landlord or buyer and seller.
What is a real estate letter of Intent (LOI)?
A real estate letter of intent (LOI) is a non-binding agreement that outlines the terms of a sale or lease contract. Its purpose is to have a draft agreement to make a finalized contract later.
What is the lease term of a real estate transaction?
Lease Term: If the Real Estate Transaction is for the lease of the Property, the term of the lease shall be a fixed period commencing on the 1st day of July, 2019, and expiring on the 30th day of June, 2020. XIII.