Timing To Negotiate PSA? A common process in a land transaction is for the seller and buyer to first agree on the essential terms and conditions, which is usually summarized in a 2 or 3-page letter of intent (LOI). This …
Negotiating Due Diligence Periods? A key element within an offer is the length of time a buyer is requesting to conduct its due diligence and vet out all issues. Because buyer deposits are typically refundable until this feasibility period has …
How Do Deposits Work? When making an offer for land, the Letter of Intent contains the price being offered and other proposed essential terms and conditions. And one of these key terms, which will eventually become part of the binding …