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Letters of Intent Real Estate Market

Lowndes

Basic Elements of Letters of Intent

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Letters of intent (LOIs) are used to summarize the material terms of a proposed transaction, typically involving the leasing or sale of real property. Sometimes called term sheets, letters of interest or deal sheets, LOIs are...more

Troutman Pepper

Letters of Intent in Commercial Real Estate Leases

Troutman Pepper on

Letters of intent (LOIs) are frequently used by parties to formalize terms for commercial real estate leases. LOIs are implemented in the beginning stages of a transaction to ensure there is a meeting of the minds on major...more

Goulston & Storrs PC

Texts that Bind: Text Messages May Form Binding Real Property Contract

Goulston & Storrs PC on

Last month, in St. John’s Holdings, LLC v. Two Electronics, LLC (No. 16 MISC 000090 (RBF)), a Massachusetts Land Court judge held that text messages exchanged between two real estate brokers may be sufficient to constitute...more

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