commercial-re-loi

name	commercial-re-loi
title	Letter of Intent — Commercial Real Estate Purchase
description	Drafts a Letter of Intent for commercial real estate purchase transactions. Covers purchase price, earnest money, due diligence, financing contingencies, closing mechanics, and binding provisions (confidentiality, exclusivity). Use when drafting LOIs, CRE purchase proposals, or pre-contract term sheets.
author	CaseMark
author_url	https://github.com/CaseMark/skills/tree/main/skills/legal/commercial-re-loi
license	Apache-2.0
version	0.1.0
execution_mode	open
jurisdiction	us
practice	real-estate
language	en
tags	["drafting","letter","transactional"]

Letter of Intent — Commercial Real Estate Purchase

Drafts a non-binding LOI for commercial real estate acquisition with enforceable confidentiality and exclusivity provisions. Targets U.S. transactions; state-specific items flagged with [Confirm per local custom].

Prerequisites

Gather before drafting:

• Parties — full legal names, entity types, addresses (buyer and seller)
• Property — street address, APN, property type, included/excluded items
• Deal terms — purchase price, deposit amount, financing structure, target closing date
• Timelines — exclusivity period, due diligence duration, acceptance deadline
• Brokerage — commission structure and responsible parties

Document Sections

Section	Content
Header	Date, seller name/address, subject line ("Letter of Intent" + property address)
Introduction	LOI purpose, both parties with legal designations, property type
Buyer/Seller ID	Full legal names, entity types; buyer assignment rights to affiliates/designees
Property Description	Address, city, county, state, APN; land, improvements, fixtures, appurtenances; exclusions
Purchase Price	Dollar amount; adjustment methodology; consideration form (cash/debt/seller financing)
Earnest Money	Amount, escrow holder, deposit deadline (business days post-PSA); refundability; crediting at close
Due Diligence	Duration (days post-PSA); scope checklist; termination right with deposit refund; buyer's sole discretion
Financing Contingency	Loan type, terms/rates, timeframe; OR all-cash with proof-of-funds
Closing Date	Target date or formula; extension conditions; delay consequences
Closing Costs	Allocation table (see below)
Non-Binding Clause	Expressly non-binding except enumerated binding provisions
Confidentiality	BINDING — scope, permitted disclosures (advisors, lenders), duration, injunctive relief
Exclusivity	BINDING — no-shop period (typically 30–90 days), termination triggers, breach consequences