This is a non-binding letter of intent used to summarize the general terms of a proposed commercial real estate purchase between a buyer and seller. It outlines key deal points such as price and how it is funded (cash, third-party financing, assumption, seller financing), earnest money, title company, feasibility period, financing contingency, closing date, who pays for the title policy and the survey-exception amendment, survey and reimbursement caps, deed type, the brokers and their fees, property condition and seller repairs, assignment, and special provisions. It states expressly that neither party is bound until a definitive contract (TXR 1801 or 1802, or another agreed form) is signed, names which party will prepare that contract, and lapses at 5:00 p.m. on the stated date unless the receiving party signs and returns it. Seller and Buyer each sign on page 3 (up to two signatories per side with printed name, title and date).
Commercial Sales
The TXR 1803 form is organized into the following sections:
TXR 1803 has a verified fill map in EZDocs: answer a guided form — with the parties, property, price and closing date already filled in from your deal — and RaiderX fills the official current revision of the PDF, places every signature, initial and date line, and sends it for e-signature. Once every side has signed, the executed copy files itself into the deal.
No downloaded blank, no separate e-signature account, no re-uploading the signed copy. EZDocs is in beta and included with every RaiderX plan at no per-signature cost, on the web and in the mobile app.
Every signed form also feeds Deal Manager: it reads the form's key dates and terms and builds out your deadlines, contingencies, and tasks — so nothing slips through the cracks between contract and closing.
Join Texas agents who fill, e-sign and track forms like this one inside RaiderX — EZDocs and Deal Manager are included with every plan.