What Are Your Intentions? Letters of Intent in Real Estate Transactions

Despite the use of words and phrases emphasizing that a Letter of Intent ("LOI") is non-binding, there are legal and strategic consequences to consider when preparing an LOI. Understanding them is essential to skillfully engage in the purchase and sale of commercial real estate.

While this issue of News ReLease is dedicated to buyers and sellers, landlords and tenants in the audience would do not wrong to interpret our commentary as applicable to their lease negotiations. the process of negotiating an LOI in any commercial transaction is sometimes compared to nailing jelly to a wall. Even for astute parties, this is tricky business.

 Read the full article here: What Are Your Intentions-Letters of Intent in Real Estate Transactions - July 25-2014