In real estate , in cases where the real property in question is not listed on a multiple listing service , there may not be an easy way to notify the owner of the property and other interested parties of intent to purchase. Often it is necessary to officially begin the process of a purchase, and allow all peripheral interested parties to begin any other processes, with a letter of intent. For example, a multimillion-dollar loan for a commercial property may require a letter of intent before a financial institution will allow personnel to spend time working on said loan necessary for the completion of the sale. The same may be followed at the time of purchase by any company. A tenant and landlord may sign a letter of intent prior to signing a lease agreement to stipulate rental rates and all regulations of the future tenancy. [ citation needed ]
In addition to this, there are few more things which I have included. Thus, following all the requirements and rules I have attached my present Franchise Agreement considering the relation terms in aspect. Finally I am just hoping that this letter of intent for franchise would bring a positive sign for me and hope you would sign in those papers and would assign a date on that receipt which would be really beneficial to me. I know that it would be a bit obligated process till the execution of Franchise Agreement but yet considering the fact that I have submitted all the requirements, I just wish that you would issue the new FDD.