Letter of Intent


  • Written notification in the form of a letter indicating a buyer's intentions to purchase a property which is not legally enforceable.

Related Terms and Acronyms

  • Acceptance Definition,
    • A property seller's formal, written approval of a buyer's offer.
  • Confusio-Lexicon Maximus Definition,
    • The rescinding of language in process when none is making nonsense less and therefore incurred but not reported deficiencies in mental capacities are not apparently un-obviously imposed.
  • Consideration Definition,
    • A thing of value that is negotiated as part of a contract.
  • Contract Definition,
    • An agreement between two or more parties that can be enforced by law.
  • Offer Definition,
    • To propose or give something.
  • Purchase Agreement Definition,
    • A written promise to pay a specific amount for a property at a specified time. The purchase agreement is a written statement of the offer, which both the borrower and the seller will sign if the offer is accepted.
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