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A Letter Of Intent To Buy Property is a crucial preliminary document used in Swiss real estate transactions to establish the framework for property purchase negotiations. It is typically used when parties have reached initial agreement on key terms but need to formalize their intentions before proceeding with detailed due diligence and final contract preparation. The document includes essential elements such as property identification, proposed purchase price, timeline, and any conditions precedent, while considering Swiss-specific requirements including cantonal property laws and Lex Koller restrictions for foreign buyers. While generally non-binding, certain provisions like confidentiality and exclusivity can be made binding. This document serves as a roadmap for the transaction and demonstrates serious intent to proceed, while allowing parties to address key issues before incurring the significant costs associated with full contract preparation and due diligence.

1. Date and Parties: Names and addresses of the potential buyer and seller, including their complete contact details

2. Property Details: Precise description of the property including address, land registry details, and key characteristics

3. Purchase Price: Proposed purchase price and any conditions related to price adjustments or payment terms

4. Key Terms: Essential elements of the proposed transaction including expected closing date and major conditions

5. Due Diligence: Outline of the buyer's right to conduct property inspections and review relevant documentation

6. Exclusivity Period: Timeframe during which the seller agrees not to negotiate with other potential buyers

7. Confidentiality: Agreement to keep negotiations and property information confidential

8. Non-Binding Nature: Clear statement that the letter is non-binding except for specific provisions (like confidentiality)

9. Timeline: Proposed schedule for negotiations, due diligence, and completion of the final purchase agreement

10. Signatures: Space for both parties to sign and date the letter