The Letter Of Intent For Real Estate Projects

As a result of the effects caused by nearshoring in Mexico, the industrial real estate market has seen an increase in the demand for the acquisition and leasing of industrial space, thus creating a "sellers and landlords market".

The limited availability of ideal conditions for certain projects has caused a significant increase in the cost per square meter of land, as well as in existing and in progress industrial buildings, which has caused changes in both the negotiating dynamics of new real estate purchase projects and in lease renewals.

A Letter of Intent (also known as LOI) should be a useful tool for the subsequent legal implementation of a transaction in a more agile and functional process. It is therefore important to better understand the legal nature of the Letter of Intent in Mexico.