loi in commercial real estate
in this article we’ll describe how to structure and write an loi, and explain why a loi is one of the most important documents in commercial real estate. a loi is used in commercial real estate to put the major points of a proposed purchase or lease into writing. a loi helps to ensure that both parties have a “meeting of the minds” before getting too deeply involved in a transaction. because an loi is free to make and non-binding, some prospects present as many letters of intent as possible in the hope that one is accepted.