You can use a letter of intent throughout various professional and business situations. Below, you can find some common types of LOI that fit more specific circumstances.
Purchasing a Business, Real Estate, or General Property
A letter of intent comes in handy to show that you are interested in buying a business, a commercial property, or even a residential property. However, you should explicitly state that this is not an official purchase agreement. The terms and conditions will be a part of the official purchase agreement, which relevant parties will sign off on.
It is also possible for you to send a letter of intent to a university for their scholarship program. The LOI should express excitement and appreciation for the opportunity. It does not have to be very long, but it should be professional when addressing the right people.
Joining a School
If you plan to join a specific university or graduate school, you might have to send a letter of intent to that university. In fact, it is an essential part of the application process for many schools. The LOI should let the recipient know that you have submitted your application and list the graduate program you are applying for.
An acquisition LOI is often similar to one you would send for buying a business, with the main difference being that the former should be confidential. Since it can include basic terms of agreement and price, you have to be careful that the letter of intent does not go past them.
A letter of intent can be an effective way to inform a company that you are interested in working at a specific position or in a department. There might not be any openings for the job you are applying for, but if there are, then they are more likely to consider you.