Designed and made in Canada
Commercial real estate · Purchases and sales
From letter of intent to purchase agreement, in one room
A buyer and a seller agree a price in a letter of intent, then negotiate the agreement of purchase and sale, and sometimes the price again after due diligence. A deal gives that one transaction a shared, dated room for sixty days.
The problem
The letter of intent, the drafts of the agreement and the conditions travel by email between the buyer, the seller, two law firms and the brokers. When the price or a condition changes after due diligence, each side later remembers the change differently.
How Termsroom handles it
- Every letter of intent and draft is kept in order with its date and who sent it, with what changed from the last one.
- The points still open, such as the price, the deposit, the conditions, the closing date and the representations, are listed, and each one agreed is recorded.
- A price or term change after due diligence is a new version with its own date, so the record shows what changed and when.
- Your side keeps a private room for your client and your team. The other side sees only the shared table, and joins free.
What you end up with
A dated record of the transaction terms, from the first letter of intent to the agreed agreement, kept read only for the file once the deal ends.
Where it fits
Letters of intent
The rounds on price and key terms before the agreement is drafted.
Agreements of purchase and sale
The drafts between buyer’s and seller’s counsel, with conditions and schedules.
Price changes after due diligence
A revised price or credit, recorded as its own dated version.
Amendments before closing
A waiver, an extension of a condition date or a change to the closing date.
What it costs
Your first deal is free. After that, each transaction is $150 for sixty days.
- A thirty-day extension is $50, up to two per deal.
- A brokerage or firm with many transactions can buy five for $500 or twenty-five for $1,945, or take Deals Unlimited at $4,995 a year for up to 25 people.
Launch prices, the same figure in Canadian or US dollars, for purchases made until 31 October 2027. Until buying deals online opens, write to sales@termsroom.com.
Worth knowing
- A deal is two organisations: the buyer’s side and the seller’s side. A sale with several bidders, or a joint venture with several investors negotiating at once, is not supported.
- It is not a virtual data room for due diligence files.
- It does not sign the agreement. Sign it the way you do today, with your e-signature tool or on paper.
- It does not give legal or valuation advice and does not tell you what to accept. Your lawyer and your brokerage still do that.
A question? Talk to us.
Buying, a security review, a purchase order, or a question about your own situation: write to us and a person on the team will reply.