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A Letter Of Intent For Purchase Of Commercial Property is a crucial preliminary document used in Pakistani commercial real estate transactions when a potential buyer wishes to formally express their serious interest in acquiring a property while maintaining flexibility before the final purchase. This document type is particularly relevant in Pakistan's growing commercial real estate sector, where it helps parties establish clear communication and understanding before proceeding with the more detailed and binding sale agreement. The LOI typically includes proposed purchase terms, due diligence requirements, and timelines, while considering Pakistan's property laws and local commercial practices. It's especially useful in complex commercial property transactions where detailed negotiations and due diligence are required before finalizing the purchase.
