Loi Basics Skills Tests

LOI Basics — Beginner

Foundations of letters of intent in commercial real estate: purpose, typical terms, non-binding vs binding clauses, tenant vs purchase LOIs, and negotiation workflow. Transaction concepts only; not legal advice.

LOI Basics — Intermediate

Intermediate LOI practice: binding vs non-binding clauses, exclusivity and confidentiality, earnest money timing, feasibility contingencies, counters, and aligning LOI terms with definitive documents. Commercial real estate workflow; not legal advice.

LOI Basics — Advanced

Advanced LOI scenarios: hard vs soft letters, merger into definitive agreements, joint-venture and portfolio LOIs, estoppel and SNDA alignment, deposit waterfalls, and dispute patterns. Commercial practice concepts; not legal advice.