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From: Ben Ashley
Ward Brokerage & Co.
Sub: Intention To Buy A Free Hold Residential property.
Our client is interested in buying a free hold residential property in your country and the terms with which we wish to purchase the property on behalf of our client from your esteemed self are as follows, however, negotiable and will be incorporated into a formal agreement (the "Agreement") to be negotiated. The basic terms are as follows:
1. Purchaser: Ms. Martha Wells
2. Vendor: Current owner of the Property possibly represented by your good self.
3. Property: Location and Title is yet to be determined
4. Purchase Offer: $350,000
o $250,000 Initial Deposit
o $50,000 Additional Deposit following condition removal
o $50,000 Balance
5. Deposit: Upon execution of the Agreement, the Purchaser will deposit the amount of $250,000 or its equivalent in whatever currency which will be fully refundable if the Conditions Precedent are not satisfied or waived in writing by the Purchaser. If the Purchaser defaults at closing, the deposit will be retained by the Vendor as its sole remedy to compensate for losses.
6. Conditions Precedent: The obligation of the Purchaser to purchase the Property will be subject to satisfaction or written waiver by the Purchaser of the following conditions within 90 days after execution and delivery of the Agreement.
o Completion of all satisfactory physical and environmental inspections of the Property; including suite inspections.
o Completion of satisfactory due diligence search and examinations.
o Satisfactory review of the title of the Property.
7. Additional Points: This letter of intent clearly states the major terms of the agreement that the Purchaser is prepared to move forward with. This letter of intent is in no way a legally binding agreement between the Purchaser and the Vendor, and is completely conditional depending upon the transaction.
Description (outlay/dimensions) of the proposed property shall be made known to you after you have signaled interest to represent the vendor/seller.
Sincerely,
Ben Ashley
9, Woodland Road, Bristol BS8 1TB UK
+44 8712451493, +447045748135

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