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 …
Who Prepares The PSA? In a land transaction, the Purchase and Sale Agreement (PSA) is the key legal document for the agreement between the seller and buyer. Also possibly referred to as the land contract, this agreement will stipulate the …