Sunday, 05 Feb 2012

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LOI

Letter Of Interest to purchase real estate with Hotels and Properties.

A letter of interest is a written declaration of interest for a real estate object or project. This is often required by the seller of an object to identify the interested party and to enable a preliminary due diligence of the interested party.

Purchasers or purchasing groups typically use their own kind of LOI, therefore we do not provide a template. Be aware that the following information is required in the LOI:

  1. Details of purchaser/purchasing group;
  2. Exact description of the hotel or project to buy;
  3. Acknowledge of the asking price of the hotel or project;
  4. Deceleration of the signee that s/he is the investor/purchaser, or that s/he is a member of the purchasing group;
  5. That the purchaser/purchasing group can provide, if requested, a separate bank reference stating that they have available funds to purchase the object for the listed sale price;
  6. The time frame to close the deal.


You can e-mail the Letter of interest to: This e-mail address is being protected from spambots. You need JavaScript enabled to view it  or send it to:

  Hotels and Properties
  Laan van Wateringse Veld 890
  2548 CR The Hague
  The Netherlands.

 

An LOI is not ‘a contractual document to buy’. This document is for internal use and will be presented to an owner of a property so that we are allowed to send you, the purchaser, full detailed information on a specific property. In some cases the purchaser agrees to pay Hotel and Properties a pre-agreed fee or the fee as stated in the property dossier for their services if a sale/purchase of an object is made.