When drafting a formal Letter of Intent (LOI) , ensure the following are included:
Legal names of the buying entity and the seller. Purchase Price: The proposed amount and intended deposit. buying property as a business
Establishing a "Property Co" allows for easier fundraising, shared ownership through equity, and clear succession planning. When drafting a formal Letter of Intent (LOI)
The objective is to acquire [Property Type: e.g., Commercial/Residential/Industrial] property under the legal structure of [Company Name]. This approach aims to isolate liability, professionalize property management, and leverage corporate tax structures for long-term growth. 2. Strategic Objectives The objective is to acquire [Property Type: e
Define whether the property will be self-managed by the company or handled by a third-party firm.
Explore potential benefits such as corporate-level deductions for mortgage interest, maintenance, and capital allowances.
Title searches, zoning compliance, and existing encumbrances.