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A Letter Of Intent For Purchase Of Commercial Property is a crucial preliminary document used in New Zealand commercial real estate transactions when a potential buyer wishes to formally express their interest in acquiring a property while maintaining legal and commercial flexibility. This document typically precedes a formal sale and purchase agreement and is used to outline the proposed terms of the transaction, establish a framework for due diligence, and potentially secure a period of exclusive negotiation. While generally non-binding in nature (except for specific provisions such as confidentiality and exclusivity), it serves as an important step in the property acquisition process by demonstrating serious intent and establishing the basic commercial terms under New Zealand law. The document is particularly valuable in complex commercial property transactions where significant due diligence is required and multiple stakeholders are involved.

1. Letter Header and Date: Formal business letter header including sender's details, recipient's details, and date

2. Property Identification: Clear identification of the subject property including address and legal description

3. Parties: Identification of the potential purchaser and current property owner

4. Expression of Interest: Clear statement of intention to purchase the property subject to conditions

5. Key Commercial Terms: Proposed purchase price, payment structure, and any key commercial terms

6. Due Diligence: Outline of the proposed due diligence process, timeframe, and requirements

7. Transaction Timeline: Proposed timeline for key milestones including due diligence, contract signing, and settlement

8. Conditions: Key conditions that would need to be satisfied before proceeding to a formal agreement

9. Confidentiality: Statement regarding confidentiality of discussions and information shared

10. Non-Binding Nature: Clear statement that the letter is non-binding except for specific provisions (such as confidentiality)

11. Next Steps: Outline of the proposed process for moving forward

12. Signature Block: Space for signatures of both parties to acknowledge the LOI