commercial-real-estate-loi

name	commercial-real-estate-loi
title	Commercial Real Estate Purchase LOI
description	Drafts a U.S. commercial real estate purchase letter of intent (LOI) framing core deal terms as non-binding while isolating binding provisions (confidentiality, exclusivity). Triggers on LOI/term-sheet requests for commercial property acquisition, PSA pre-wire, exclusivity, or due-diligence entry.
author	CaseMark
author_url	https://github.com/CaseMark/skills/tree/main/skills/legal/commercial-real-estate-loi
license	Apache-2.0
version	0.1.0
execution_mode	open
jurisdiction	us
practice	real-estate
language	en

Commercial Real Estate Purchase LOI

Proposes deal terms and a negotiation framework for commercial property acquisition while limiting binding effect to specified provisions only.

Gather Before Drafting

1. Parties — legal names, entity types, authority, notice addresses.
2. Property — street address, county/state, APN(s), included/excluded assets.
3. Economics — price, consideration type, deposit amount and timing, financing posture.
4. Timeline — due-diligence period, PSA target, closing target.
5. Binding scope — confidentiality terms, exclusivity window, expense allocation, governing law.

Document Structure

Header & Intro

• Date, seller name/address, subject line: "Letter of Intent – [Property Address/Name]".
• Identify buyer, seller, property, and intended transaction.
• State non-binding nature except specified sections.

Core Terms

Term	Instruction	Placeholder
Buyer	Full legal name; allow assignment to affiliate/SPE if intended	[Buyer Legal Name]
Seller	Full legal name; confirm record title holder(s)	[Seller Legal Name]
Property	Address, county, state, APN(s), improvements, fixtures	[Property Description]
Purchase Price	Fixed or adjustable; state adjustment method	[Price]
Consideration	Cash, debt assumption, seller financing, or mix	[Consideration]
Earnest Money	Amount, timing after PSA, escrow holder, refundability triggers	[Deposit Terms]
Due Diligence	Days from PSA; scope; buyer discretion; termination right	[DD Period/Scope]
Financing	Contingent or cash; proof of funds/commitment	[Financing Terms]
Closing	Target date or days after contingencies; extensions	[Closing Date]