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guys this is erica from gokuche capital now before i begin be sure to click subscribe and turn on the notification bell in 2019 the school board of alachua county florida was tricked into buying a property for twice what it was worth what happened well find out at the end of this video but first if you have ever made a major real estate investment you know that negotiations can be complex and a letter of intent can be used to nail down some key terms while others are worked out so in todays video we have the top things you should know about this document number one what is a letter of intent in real estate a letter of intent is a non-binding agreement that outlines the sale or lease terms and conditions its intended to start as a draft agreement and become a finalized contract later the legally binding contract is the purchase and sale agreement or lease agreement number two when is a letter of intent used a letter of intent is used in commercial real estate or other real estate tr
