Buying Property As — A Business
Legal names of the buying entity and the seller. Purchase Price: The proposed amount and intended deposit.
The initial write-up (LOI) is generally non-binding regarding the final sale but binding regarding: buying property as a business
Establishing a "Property Co" allows for easier fundraising, shared ownership through equity, and clear succession planning. Legal names of the buying entity and the seller
The purchase should be contingent on a satisfactory review of: shared ownership through equity