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  2. Letter of intent - Wikipedia

    en.wikipedia.org/wiki/Letter_of_intent

    Merger and acquisition agreements, [1] joint venture agreements, real property lease agreements and several other categories of agreements often make use of a letter of intent. The capitalized form Letter of Intent may be used in legal writing, but only when referring to a specific document under discussion.

  3. Heads of terms - Wikipedia

    en.wikipedia.org/wiki/Heads_of_terms

    A set of heads of agreement, heads of terms, or letter of intent is a non-binding document outlining the main issues relevant to a tentative sale, partnership, or other agreement. [ 1 ] A heads of agreement document will only be enforceable when it is adopted into a parent contract and is subsequently agreed upon, unless otherwise stated.

  4. Letter of comfort (contract law) - Wikipedia

    en.wikipedia.org/wiki/Letter_of_comfort...

    A letter of comfort, sometimes called a "letter of intent", is a communication from a party to a contract to the other party that indicates an initial willingness to enter into a contractual obligation absent the elements of a legally enforceable contract. The objective is to create a morally binding but not legally binding assurance.

  5. How to buy a house from a family member - AOL

    www.aol.com/finance/buy-house-family-member...

    Pros of buying a family member’s home. Commission savings: If you and a trusted family member agree to a sale, you might be able to eliminate the need for real estate agents.Considering that the ...

  6. How to sell a house by owner: A step-by-step guide - AOL

    www.aol.com/finance/sell-house-owner-step-step...

    How to sell a house by owner: 5 steps to follow 1. Set a realistic price. ... Ask all buyers who make an offer to provide a mortgage preapproval letter, Lappin says. As a seller, you also have the ...

  7. Lease purchase contract - Wikipedia

    en.wikipedia.org/wiki/Lease_purchase_contract

    A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.

  8. How long does it take to buy a house? - AOL

    www.aol.com/finance/long-does-buy-house...

    Timeline to buy a house, step-by-step Step 1: Get preapproved ... Your preapproval letter will serve as evidence to sellers that you’re a qualified buyer. Preapprovals aren’t good forever ...

  9. Right of first refusal - Wikipedia

    en.wikipedia.org/wiki/Right_of_first_refusal

    ROFR: Abe owns a house and Bo offers to buy that house for $1 million. However, Carl holds a right of first refusal to purchase the house. Therefore, before Abe can sell the house to Bo, he must first offer it to Carl for the $1 million that Bo is willing to buy it for. If Carl accepts, he buys the house instead of Bo.

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