The Letter of Intent (LOI) for Commercial Real Estate Purchase is a crucial preliminary document used in Philippine real estate transactions when a potential buyer wishes to formally express their interest in purchasing commercial property and outline the basic terms of the proposed transaction. This document is typically used before entering into a binding purchase agreement, allowing parties to establish key commercial terms while maintaining flexibility for negotiations. The LOI should reflect compliance with Philippine real estate laws, including foreign ownership restrictions, local government regulations, and specific requirements for commercial property transactions. While primarily non-binding, certain provisions such as confidentiality and exclusivity periods are typically enforced. The document serves as a roadmap for the transaction, outlining purchase price, payment terms, due diligence requirements, and conditions precedent to closing.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Key Requirements PROMPT example:
LOI For Commercial Real Estate Purchase
"I need a Letter of Intent for Commercial Real Estate Purchase for a domestic Philippine corporation planning to acquire a 5,000 sqm office building in Makati City, with a 45-day exclusivity period and expected closing by March 2025."
1. Opening and Parties: Identification of the sender (potential buyer) and recipient (property owner/seller), including full legal names and addresses
2. Property Details: Specific description of the commercial property, including address, land area, building specifications, and title details
3. Purchase Price: Proposed purchase price and any relevant price adjustments or conditions
4. Payment Terms: Proposed payment structure, including initial deposits, milestone payments, and final payment
5. Due Diligence Period: Proposed timeframe and scope for conducting due diligence investigations
6. Key Conditions: Essential conditions that need to be satisfied before proceeding with the transaction
7. Timeline: Proposed schedule for key milestones including due diligence, definitive agreement, and closing
8. Exclusivity: Request for exclusive negotiation rights and proposed duration
9. Confidentiality: Binding provisions regarding the confidentiality of negotiations and shared information
10. Closing: Signature blocks and formal closing of the letter
1. Broker/Agent Details: Include when real estate brokers or agents are involved in the transaction
2. Environmental Matters: Include when the property may have environmental concerns or requires specific environmental compliance
3. Existing Tenancies: Include when the property has existing tenants and lease agreements
4. Development Plans: Include when buyer has specific development or renovation plans that are material to the transaction
5. Financing Contingency: Include when the purchase is contingent on obtaining specific financing
6. Local Authority Approvals: Include when specific zoning or local authority approvals are required
7. Cost Allocation: Include when there's a need to specify how transaction costs will be divided
1. Property Details Schedule: Detailed technical description of the property, including lot numbers, boundaries, and technical specifications
2. Due Diligence Checklist: List of required documents and investigations to be conducted during due diligence
3. Payment Schedule: Detailed breakdown of proposed payment terms and milestone dates
4. Required Permits Schedule: List of necessary permits and licenses required for the intended use of the property
5. Existing Encumbrances: List of any existing liens, mortgages, or other encumbrances on the property
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Commercial Property Development
Retail
Hospitality
Manufacturing
Logistics and Warehousing
Office Space Development
Mixed-Use Development
Industrial Development
Banking and Financial Services
Healthcare
Education
Technology and Data Centers
Relevant Teams
Legal
Real Estate
Finance
Acquisitions
Business Development
Compliance
Risk Management
Property Management
Corporate Development
Investment
Operations
Facilities Management
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Real Estate Director
Property Development Manager
Corporate Counsel
Legal Counsel
Investment Manager
Asset Manager
Facilities Manager
Business Development Director
Commercial Director
Head of Acquisitions
Real Estate Investment Analyst
Property Portfolio Manager
Risk Manager
Compliance Officer
Corporate Secretary
Development Director
Project Manager
Real Estate Broker
Find the exact document you need
Business Agreement Of Sale
A Belgian law-governed agreement establishing terms and conditions for the sale of business assets, goods, or services between commercial entities.
find out more
Simple Buy Sell Agreement (Real Estate)
A Saudi Arabian law-governed agreement for the sale and purchase of real estate property, outlining key terms and conditions while ensuring compliance with local regulations and Sharia principles.
find out more
Buy And Sell Agreement (Real Estate)
A Saudi Arabian real estate purchase agreement that details property transfer terms, compliant with local law and Sharia principles.
find out more
LOI For Commercial Real Estate Purchase
A preliminary document outlining proposed terms for commercial property purchase in the Philippines, serving as a framework for negotiations and future definitive agreements.
find out more
Agreement Of Purchase And Sale Of Shares By Shareholder
A Philippine law-governed agreement documenting the sale and transfer of company shares between shareholders, including terms, conditions, and regulatory compliance requirements.
find out more
Agreement Contract To Buy And Sell (Real Estate)
A legally binding agreement under Philippine law that documents the terms and conditions for the sale and purchase of real estate property.
find out more
Basic Home Purchase Agreement
A legally binding agreement under South African law for the sale and purchase of residential property, outlining key terms and conditions for property transfer.
find out more
Simple Contract To Purchase (Real Estate)
A Pakistani law-compliant contract for the purchase and sale of real estate property, outlining essential terms and conditions for property transfer.
find out more
Simple Purchase Agreement For House
A legal agreement under Pakistani law for the purchase and sale of residential property, outlining key terms and conditions of the property transfer.
find out more
Simple House Sale Contract
A standardized contract under Pakistani law for the sale and purchase of residential property, outlining key terms and conditions for property transfer.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.