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Commercial Real Estate – Binding Letter of Intent, Or Not?

Esquire Property Management Group

What is the purpose of a commercial real estate letter of intent? 3d 1058 – CA Court of Appeals, 9th Circuit 2011 ; Copeland v. A Commercial Real Estate Letter of Intent (LOI) is a document that is designed to outline the terms and conditions of a “potential” commercial real estate transaction between a buyer and a seller.