Dear Mr:

I, hereby offer to purchase the property commonly known as City/County of , State of Virginia.

(Here include legal description)

under the following the basic terms and conditions:

The purchase price shall be $. Of which $ will be paid in cash and $ will be a new 1st DOT/Mortgage.

(Itemize)

If this Letter of Intention is not accepted on or before , it shall be declared null and void and of no further effect and the deposit shall be immediately returned.

The terms of this letter shall be in force and effect until a more formal and detailed contract is drawn and signed by both parties within 5 days of acceptance of satisfactory Letter of Intention by all parties.

Sincerely,

Purchaser

Purchaser

The above basic terms are

acceptable to me.

Seller

Seller