15+ Purchase Letter Of Intent Examples [ Business, Purchase, Land ]

Are you planning on purchasing land, or purchasing a business from a company you have any interest in? If so, you would need to write a letter of intent to prove you have plans on doing so. Letters of intent are useful when purchasing anything with high value as this is what most companies or people who sell would look for. Just to make sure that you are really interested in purchasing it. Now writing a letter may sound or seem easy right? Well it is if you know what you are writing about. To make things easier for you, here are some 15+ purchase letter of intent examples you can download.

Definition of Purchase

Purchase is the act of buying something like a piece of land or furniture. To take possession of property that is up for sale. To claim the title of an item by paying the amount of money. An exchange of monetary business for either an object or good service.

Definition of Intent

When we define the word intent, this means an intention. To have a clear purpose for something. A clear formulated plan. A design or a purpose to do something. The state of mind in which something is purposely done with full intention.

Definition of Letter of Intent

A letter of intent is a written document that contains the intentions of the author. It also contains the full information about what the author is declaring as true. Letters of Intent are usually used for business purposes. They are written to state the purpose of buying something, usually land or a company and the information to complete the purchase.

Importance of Letter of Intent

Now you may wonder, what purpose or why is a letter of intent so important? The reason for writing the letter of intent is to declare a commitment of purchasing something from one party to another. This letter outlines the reasons, the steps of purchasing or doing business with another person or organization. In addition to that, the importance of writing this letter is to simply show you are interested in purchasing or doing business with someone else. A polite way of saying you are interested through writing. Lastly, this letter usually lists down terms for a deal and is used for transactions between parties.

Tips for Writing Letter of Intent

Writing letters is easy if you know what you are writing about. It can also be tricky if you know what you want to write, but you have no idea how to formulate it. Letters of Intent is a good example for wanting to write a letter, but you may not be familiar with how to formulate one. Now, before you start to wonder how to write one, here are some tips to help you out. As well as things to remember when you write this type of business letter.

• Start by drafting your letter – With business letters or any type of letter, it is always best to start out with a draft. This way, you are able to formulate your thoughts and put them in order of importance. Drafting your letter also helps you see what type of words you should use and should avoid using. As you draft your letter, it does not have to be perfect, just make sure you have all the ideas and information you want to add before writing the final output.
• State the nature of the letter- What is the purpose of you writing this type of letter? What are you implying that you want your reader to understand. If you are planning on purchasing a piece of land, write it down. Regardless of what your purpose may be, state it in the letter. This is the most important piece of information that the recipient of your letter would be looking for.
• Watch your tone and word usage- Remember that this is a business letter and not a letter you write to a friend or family. Be careful how you word things in the letter. Avoid sounding rude in your letter as well. Read your letter out loud and check if it is in a professional tone. Your word usage should be clear, direct and no use of foul language. Business letters do not use flowery language or words that are too vague.
• Put the right information – Give out the correct information when doing a business transaction through your letter of intent. Companies or people who are selling would want to know the information needed like ways on how to contact you. Placing the wrong information would lead to a deal gone wrong or an argument between two parties.
• Sign and Revise your letter – Do not forget to sign your letter. As well as revising. Check all the necessary things before sending. Mainly to avoid issues with the other party.

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FAQs

Letters of Intent for purchasing something are helpful. Writing one down is a useful way of telling the person that you are an interested buyer. These letters may be a bit tricky to write if you have no idea what to place. But following or being familiar with the tips above, and the examples as well. It would come smoothly.