Fillable LETTER OF INTENT TO PURCHASE REAL ESTATE

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LETTER OF INTENT TO PURCHASE REAL ESTATE

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Form #1131 Page 1 of 2 4/00
REALTOR® Association of Greater Fort Lauderdale, Inc.
LETTER OF INTENT TO PURCHASE REAL ESTATE
BUYER: _______________________________________________________________________________________
SELLER: ______________________________________________________________________________________
This is a letter of intent only. It does not create a legally binding obligation on the parties or their brokers.
This letter of intent is subject to agreement between the parties upon a formal written purchase and sale
contract containing the terms and conditions the parties find acceptable.
This letter of intent sets forth some of the general terms and conditions for a purchase and sale transaction
to be entered into concerning the above described real property.
Buyer or Seller (CROSS ONE OUT) shall prepare a formal written contract for the purchase and sale of the
above described property within __________ banking days (fifteen (15) banking days if this blank is not
filled in) after the date this letter becomes fully executed by all parties.
1. LEGAL DESCRIPTION of real estate located in _______________ County, Florida. Tax Folio #______________
COMPLETE PROPERTY ADDRESS: ________________________________________________________________
______________________________________________________________________________________________
3. INVENTORY & PERSONAL PROPERTY INCLUDED _______________________________________________
3.1 INVENTORY & PERSONAL PROPERTY EXCLUDED ______________________________________________
4. PURCHASE PRICE (In US Funds) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $____________________
4.1 DEPOSIT made at the time Buyer executed this letter of intent. . . . . . . . . . . . . . . . . . . .$____________________
4.2 ADDITIONAL DEPOSIT due upon execution of purchase and sale contract . . . . . . . . . $____________________
ALL DEPOSITS TO BE HELD BY __________________________________________
4.3 BUYER’S NEW MORTGAGE to any lender other than Seller . . . . . . . . . . . . . . . . . . . . .$____________________
4.4 EXISTING MORTGAGE TO BE ASSUMED BY BUYER (approximate) . . . . . . . . . . . . . $____________________
4.5 PURCHASE MONEY MORTGAGE TO BE HELD BY SELLER . . . . . . . . . . . . . . . . . . . $____________________
4.6 OTHER CONSIDERATION (Describe) ______________________________ . . . . . . . .$____________________
4.7 DUE FROM BUYER AT CLOSING in US currency or Local Cashier’s Check
This does not include Buyer’s closing costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$____________________
5. CONTRACT CLOSING DATE __________________________________, 20______
6. SPECIAL CLAUSES TO BE INCLUDED IN CONTRACT _____________________________________________
7. ADDENDUM OR OTHER DOCUMENT ATTACHED (Describe) ________________________________________
8. BROKERS. The parties agree that the only Brokers involved in this transaction are those Brokers listed in this
letter of intent. Broker professional fees are described in a separate agreement.
Form #1131 Page 2 of 2 4/00
Property Address: _______________________________________________________________________________
AGREED BY BUYER:
Buyer Signature ______________________________________ Date ___________________________
Name Printed ________________________________________ Title ____________________________
Buyer Address _______________________________________ Phone (____)_____________________
Broker Name Printed __________________________________ Phone (____)_____________________
AGREED BY SELLER:
Seller Signature ______________________________________ Date ___________________________
Name Printed ________________________________________ Title ____________________________
Seller Address _______________________________________ Phone (____)_____________________
Broker Name Printed __________________________________ Phone (____)_____________________
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LETTER OF INTENT TO PURCHASE REAL ESTATE

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Completed 18 November 2020

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