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...Courtesy of www biggerpockets com letter intent to purchase date from company re residential property located at the following sets out basic terms upon which we would be prepared are not comprehensive and expect that additional will incorporated into a formal agreement negotiated as follows purchaser or its nominee vendor current owner represented by realtor free clear all liens charges encumbrances closing except offer new first mortgage possible option assumption with increase existing second carried for years interest only initial deposit condition removal balance execution amount fully refundable if conditions precedent satisfied waived in writing otherwise applied price defaults retained sole remedy obligation subject satisfaction written waiver within days after delivery review approval documentation concerning completion satisfactory physical environmental inspections including suite due diligence search examinations title financing being arranged provided items this hereby sta...