A letter of intent, or LOI, Jones says, “outlines the basic terms of a proposed contract, lease or option (and is) sent to the property owner in hopes that an eventual agreement will be accepted.

Thinking about selling your business or a piece of real estate? You’ll likely need to start with a Letter of Intent (LOI), so ...

The Redding City Council will be considering approving a non-binding letter of intent regarding the Redding Rodeo Association’s lease on the rodeo grounds at their meeting Tuesday night.