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Letter of Intent
A letter of intent says you're serious without signing anything. Whether you're putting in an offer on a house, accepting a job, exploring the purchase of a small business, proposing a partnership, or applying to a graduate program, the LOI sets the tone and the headline terms while leaving the binding contract for later. LetterLotus helps you put one together that reads as confident, specific, and clearly non-binding.
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Writing assistance tool · Not legal advice. LetterLotus is not a law firm and does not provide legal advice. No attorney-client relationship is created by using this tool.
Your letter
- offering on the house at 88 Cedar Lane
- $625,000, closing by August 15
- financing through First Federal
written into
I am writing to confirm my intent to purchase 88 Cedar Lane at $625,000, with a target closing on or before August 15, financed through First Federal.
This is subject to inspection, financing and clear title, and I would like to sign within two weeks.
Balanced & Thorough
How It Works
Pick your favorite draft
We generate 4 different versions of your letter, each with a different tone. You pick the one that sounds most like you.
Edit, download & use
Make any edits you want, then download a print-ready PDF or Word document. It's your letter.
What Your Letter of Intent Covers
- Five sub-types in one tool: real estate offer, job offer acceptance, business purchase, partnership / MOU, or school or program application
- A clear statement that the letter is a non-binding expression of intent, subject to a formal agreement
- Identification of the writer and the specific subject of the LOI (property, role, business, partnership, or program)
- The headline terms the writer is proposing as a starting point for negotiation
- The contingencies and next steps the writer expects to address before signing, with a polite invitation to the next conversation
Frequently Asked Questions
What is a letter of intent?
A letter of intent (LOI) is a written statement that you intend to move forward with a transaction, role, partnership, or program, on the headline terms you describe, subject to a formal agreement that comes later. It signals seriousness without binding either side. This tool covers five sub-types from a single questionnaire: real estate offers, job offer acceptance, small business purchase, partnership or MOU proposals, and acceptance to a graduate or professional program. You pick the sub-type at the top of the questionnaire and the letter adapts.
When does an LOI become binding?
On its own, a properly drafted LOI is not binding — that's the entire point. It is an expression of interest, expressly subject to a formal agreement (a purchase contract, an employment offer letter or contract, an enrollment agreement). Binding obligations typically take effect only when both parties sign that formal agreement. There are exceptions: an LOI can become binding if it is worded as an actual offer and accepted, if it includes specific binding provisions (such as confidentiality, exclusivity, or a deposit), or if a court later concludes that the parties intended to be bound. The letters this tool generates include explicit non-binding language and do not include binding provisions. If you want any part of the LOI to be binding, that's a conversation for an attorney.
How is this different from a contract?
A contract is a legally enforceable agreement between the parties that sets out their obligations in detail and is signed with the intent to be bound. A letter of intent is a step before the contract: it states the headline terms you propose, identifies the contingencies and diligence you still expect to address, and invites the other side to negotiate the actual contract. The contract is drafted, negotiated, and signed after the LOI. For real estate purchases and business acquisitions, an attorney should review the contract before you sign it.
Can I use this for a real estate offer?
Yes — real estate LOIs are the most common use of this letter. The questionnaire is calibrated for buyers preparing a written offer of interest on a residential or small commercial property: the property address, the proposed price, the proposed closing date, financing or inspection contingencies you expect, and your timeline. After the LOI is accepted in principle, your agent or attorney prepares the actual purchase contract. The LOI is not a substitute for that contract.
Can I use this to accept a job offer?
Yes. A formal letter of intent to accept a job offer is sometimes requested by employers (especially in academia, healthcare, and government) and is a professional way to confirm a verbal offer in writing. The letter restates the role, the start date, and the headline compensation as you understand them, expresses your intent to accept, and notes that the formal offer letter or employment contract will follow. If you've been asked to sign anything binding, that document is the offer letter or employment contract, not this LOI.
Can I use this to buy a small business?
Yes, for a small main-street business purchase where you and the seller want to put the headline terms in writing before either side spends money on attorneys and due diligence. The letter describes the business, the proposed price, the proposed structure (asset purchase, stock purchase, or to-be-determined), and the diligence you expect to conduct, all explicitly non-binding. For larger or more complex acquisitions — multi-entity transactions, M&A with multiple investors, anything involving regulated industries — the LOI itself should be drafted by a transactional attorney, not generated by this tool.
Can I use this for a partnership or MOU?
Yes, for non-binding proposals — a reseller relationship, a joint venture, a co-marketing partnership, a vendor arrangement, or a general memorandum of understanding. The letter names the shape of the proposed relationship, the proposed effective date, what each side would contribute, and the diligence or internal approvals you expect to complete before signing a definitive agreement. The letter does not draft exclusivity, no-shop, confidentiality, or any other binding clauses; those belong in the definitive partnership agreement and should be reviewed by counsel. For substantial commercial joint ventures or any partnership where binding terms matter from day one, work with a transactional attorney instead of using this tool.
Can I use this for a graduate or professional school application?
Yes. A letter of intent to a graduate, medical, law, dental, or other professional program is a common application supplement: a single targeted school is the writer's first choice, and the writer is putting that interest in writing. The letter reaffirms why the program fits, names any specific faculty, lab, or specialty track that matters, and states intent to enroll if admitted (when that framing is appropriate to your situation). Check the program's instructions — some explicitly invite an LOI, others do not, and a few discourage them.
Does the letter include contingencies or warranties?
No. The letter mentions, in plain language, the kinds of contingencies you expect to address before signing a formal agreement — financing, inspection, references, transcripts, due diligence — but it does not draft them as enforceable contract terms. The letter does not include warranties, representations, indemnities, or any binding clause. Those belong in the formal agreement that comes after the LOI, and they should be drafted or reviewed by an attorney.
Is this legal advice?
No. This tool helps you write a clear, professional letter that expresses non-binding interest. It does not provide legal, financial, real estate, or tax advice, and it does not draft the actual purchase contract, employment contract, or enrollment agreement that follows. For real estate purchases, business acquisitions, or any situation where a contract will follow this LOI, consult a licensed attorney before signing that contract.
How much does this cost?
$39, one time. No subscription, no hidden fees. You get PDF, Word, and clipboard formats, plus inline editing and unlimited re-downloads.
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Important: This is a writing tool, not legal advice. Consult an attorney for guidance on your specific situation.
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Writing assistance tool. Not a law firm. Not legal advice.