Hello all,
I’m contemplating purchasing condos in a condominium complex. I need a little help with my letter of intent (LOI).
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Specifically, what would you all put in the conditions section?
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Also, are there any other clauses or provisions that you would include?
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And finally, what documents would you need to see from the seller?
I know I need a statement like, ‘… upon a satisfactory inspection and review of the property …’.
BTW, I am going to send a LOI before the purchase agreement. I know a few people might say that I should forget about the LOI and send the purchase agreement. But I’m going to send the LOI first, anyway.
Thank you all for your constructive comments in advance.
Teal’C