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Letter of Intent to Lease Real

Letter of Intent to Lease Real

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Published by John Turner
The magic document of middle man income
The magic document of middle man income

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Published by: John Turner on Jun 20, 2013
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12/01/2013

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LETTER OF INTENT TO LEASE REAL ESTATE

RE:

Notice of intent to enter into a Rental Agreement and Option to Purchase Agreement for the real property known as

____________________________________________________ ____________________________________________________

To Property Owner: Please be advised that the undersigned is interested into entering into a Rental Agreement and Option to Purchase Agreement. Please be advised that I am a real estate investor that intends to enter into the agreements contemplated for the purpose of investing in real estate as a going business concern. I now provide you with this Letter of Intent.

This letter is intended to summarize in the separately numbered paragraphs below the terms by which I desire to lease your property located at _______________________________ (the “Property”). For purposes of identification, _________________________The Seller (whoever is on the deed) shall be referred to herein as “Landlord”, and ____________________ Shall be referred to herein as “Tenant”. 1. Property to be Rented. The Tenant or its assign(s) shall rent all of the Landlord’s interest in the Property located at ___________________________________________, the terms of which shall be more fully stated in a final agreement approved and signed by all parties (“Rental Agreement”).

4. Rental Rate. 5. Signature (Landlord)_______________________________ Date:___________________ Signature (Tenant) ________________________________ Date:___________________ . Landlord shall grant to Tenant or its assign(s) an Option to purchase the property for an estimated price of $_____________________(“Option Price”). The Tenant or its assign(s) shall pay the amount of $_______________per month during the rental term. Security Deposit. Tenant or its assign(s) shall rent the Property for a term of ______________year(s). 3. Option. Land lord shall give possession to Tenant or its assign(s) upon commencement of the Rental Agreement. If this space is blank. Term.2. 6. The Tenant or its assign(s) shall pay to Landlord a security deposit in the amount of $_______________________. Possession Date. then the parties agree that the Option Price shall be agreed upon in the final Option to Purchase Agreement.

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