What is a Real Estate Expression of Interest ?

An expression of interest (EOI) is an offer to purchase or lease a parcel of Real Estate which may include any buildings, sheds, fencing and other fixed infrastructure on the property.

The EOI sets out the details, terms and conditions of the offer and is presented to the vendor for consideration.

It is a non- binding offer, and does not in itself constitute a legally binding contract.

It is an offer made in good faith to enter into negotiations with a view to then executing a legally binding contract to purchase or lease the property.

The vendor is not obliged to accept any particular offer nor is the purchaser bound to proceed, and any deposit monies paid are fully refundable.

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