What type of real estate transaction are you pursuing? Buying a propertyLeasing a propertySelling a propertyDeveloping a propertyOther Who's the buyer? What's the buyer's address? Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code Who's the seller? What's the seller's address? Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code Who's the tenant? What's the tenant's address? Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code Who's the landlord? What's the landlord's address? Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code Enter details about the property: CommercialResidential How many square feet? sq. ft. Number of bedrooms: Number of bathrooms: What's the address of the property? Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code What's the purchase price? $ Does the buyer need a loan to buy the property? YesNo Will there be a contingency period? YesNo This is some extra time during which the buyer can review disclosures, obtain financing, and inspect or appraise the property. How many days will the contingency period be? Typically a contingency period lasts between 10 and 60 days. What's the closing date? This is the date by which the closing, or transfer of ownership, must occur. Who pays for closing costs? Split equally between buyer and sellerBuyerSeller Describe the lease: Fixed-TermMonth-to-Month A fixed-term lease has a start and end date. A month-to-month agreement can be terminated by either party at any time. Start date: End date: Start date: Days of notice required to terminate lease: What's the rent? $ How will rent be collected? WeeklyMonthlyQuarterlyAnnually What day of the month will rent be due? 1st2nd3rd4th5th6th7th8th9th10th11th12th13th14th15th16th17th18th19th20th21st22nd23rd24th25th26th27th28th29th30th What day of the week will rent be due? SundayMondayTuesdayWednesdayThursdayFridaySaturday What month will rent be due each year? JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember First payment is due: How many days after rent is due is it considered late? A late fee is what percentage of rent? % A typical late fee is 5% of one month's rent, but varies according to state law. If there is no penalty for late rent, enter 0. Will the tenant be required to pay a security deposit? YesNo Enter the amount: $ Generally a security deposit is equal to one month's rent. Can the tenant sublet? YesNo How many parking spots does the tenant get? If none, enter "0". Describe furnishings the tenant will be able to use: Do not include appliances that a Landlord is by law required to provide. The laws vary from state to state, so check your state's laws. In Florida, for example, landlords are required to provide furnaces. Are pets allowed? YesNo How many? Describe rules for pets: Is the tenant responsible for additional expenses? If none, enter "none." Additional expenses the landlord is responsible for: If none, enter "none." Can the tenant renew the lease? YesNo What's the renewal period? Where is the property located? Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming Is this letter binding? BindingNon-binding Often a Letter of Intent is non-binding and sets the stage for a more formal Purchase or Lease Agreement. Are there any additional terms and conditions? YesNo Elaborate: When does this letter become effective? Usually today's date. Signatures Next Save Save and finish later
