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A Letter of Interest to Purchase Property is a crucial preliminary document in Nigerian property transactions, typically used before entering into a formal purchase agreement. This document serves as the first formal step in property acquisition, demonstrating serious intent while maintaining flexibility for negotiations. It should comply with Nigerian property laws, including the Land Use Act of 1978 and relevant state legislation, while clearly stating the potential buyer's interest, proposed terms, and conditions. The letter typically includes property details, proposed purchase price, timeline, and any specific requirements or conditions. While not legally binding as a whole, certain commitments within the letter may create legal obligations, making it important to draft carefully with appropriate legal guidance. This document is particularly important in Nigerian property transactions where formal documentation of intent is often required to progress negotiations.

1. Date and Address Block: Current date and recipient's full contact details including property owner/agent's name, address, and contact information

2. Subject Line: Clear identification of the property and purpose of the letter (Letter of Interest to Purchase Property at [Address])

3. Introduction: Formal introduction of the potential buyer and clear statement of interest in purchasing the specified property

4. Property Details: Specific description of the property including address, land title details, and any relevant property identifiers

5. Proposed Terms: Initial offer price and any key terms of the proposed purchase

6. Financial Capability: Brief statement of financial readiness and funding source

7. Timeline: Proposed timeline for transaction completion and due diligence period

8. Closing Statement: Request for response and next steps

9. Signature Block: Full name, contact details, and signature of the potential buyer