5 Things You Should Know About Letter of Intent in 2024
A Comprehensive Guide
Table of Contents
When you initiate a job application process, you may probably be required to upload an updated resume and a letter of intent. What is a letter of intent and why is it needed at all?
Let us try to understand more about letter of intent for a job and figure out how it must be structured through the following sections. By the end of reading this page, you will get an overall idea about the concept of letter of intent and how significant it is for your future job applications.
What is letter of intent?
If you hear the term letter for intent for the first time, you may come up with several curious questions – what is a letter of intent or what does a letter of intent mean. A letter of intent, as you can infer from the name, is a letter which shows your intention or interest for a certain thing – it could be your decision to apply for a job, or study a higher education program or get government approval for something or make a business deal.
Having understood what is the meaning of letter of intent, the next question you might have with regard to it could be how it should be written. The more professional and respectful way you can write it, the better it will be.
Types of Letter of Intent
As you get to the nitty-gritty of what is letter of intent, you will realize that there are different types of them. Here listed are the most common types of LOI.
- EMPLOYMENT LOI
This is the type of LOI that a job seeker must produce to the employer showing his interest for the job and the company. - HIGHER EDUCATION LOI
It is required when you apply for a higher education course and should show your interest in the course and the institute. - REAL ESTATE LOI
It could be either a letter by the buyer showing his interest to buy a property or a mutual agreement between tenants and landlords. - BUSINESS LOI
As an entrepreneur, if you want to get into a deal with another company, a letter of intent showing your interest in that company is required. - GOVERNMENT GRANT LOI
If you want to avail a government grant, you may be required to produce government grant LOI along with the application for the same. - FAMILY COURT LOI
LOI that is produced at family courts in the event of deaths of involved parties regarding who will bring up the children or handle property. - SCHOLARSHIP LOI
When you apply for certain scholarships, you will have to explain why you are interested in it through a letter of intent.
What Is the Purpose of a Letter of Intent?
Letter of intent is not just an official letter written and sent as part of a formality. What is the purpose of letter of intent? In fact, it serves multiple purposes, particularly in business contexts.
- AS PROGRESS RECORD
You would send an LOI to your prospective business partner only after initial negotiations, so it is a record of deal’s progress. - SUPPORT DOCUMENT
If you want to get a loan from a lender, you can produce a copy of LOI as a supporting document to get the loan sanctioned. - SAVES TIME
You need to invest your time and other resources for the deal only after exchanging an LOI. So, it practically saves your time. - CLARITY ON TERMS
A LOI can establish the terms and conditions beforehand whereby both parties should act on. It thus brings clarity on terms. - AS AN NDA
LOI serves as a non-disclosure agreement (NDA) that helps establish a confidential relationship between the parties.
How to Write an LOI Letter?
Writing a good letter of intent requires some efforts. If you have questions regarding how to write a LOI letter or how to begin a letter of intent, read on to find out more. There may be slight differences in the steps depending on the type of LOI you want to write. Below steps explain how to write letter of intent for job application.
- SELECT AN APPROPRIATE FORMAT
You need to use a standard format for writing a letter of intent. We have rich portfolio of formats and layouts. - RESEARCH ABOUT YOUR COMPANY
LOI needs to be as relevant as possible. So, make sure you carry out some basic research about the company. - FIGURE OUT WHY YOU FIT
List down at least a couple of reasons showing why you are the right fit for the selected job. Give supporting reasons too. - CATCHY FIRST PARAGRAPH
It is important to impress the recruiter with the first paragraph of your LOI. Make it as impressive and catchy as possible. - DESCRIBE YOUR INTEREST
In the following paragraph of your letter of intent, describe why you are interested in the job as well as company. - CONCLUDE WITH A CTA
A well-written call to action is necessary to include at the end of your Letter of Intent to encourage the recruiter to take action. - PROFESSIONAL CLOSING
Make sure to sign off your letter of intent in a professional way – for instance, Yours sincerely, signature.
How to Format Letter of Intent
The overall impression that your letter of intent makes depends on two things – how in-depth it is and how you structure it, that is the letter of intent format. Our experts know how to format letter of intent and how long should letter of intent be when you apply for a job or higher education admission. We will compose it keeping it in line with the structure required by your intended organization. Below given is a standard format:
Paragraph 1
Introduction about yourself and why you are interested in this particular job or higher education program.
Paragraph 2
What relevant qualifications you have. You can also use this paragraph to speak about your career goals, relevant experiences etc.
Paragraph 3
Say how you think this experience and the responsibilities you are going to handle will benefit you.
Paragraph 4
Write in what ways you can contribute to the organization. You can highlight your strengths, skillsets etc. here.
Paragraph 5
In the concluding paragraph, express your gratitude for considering you. Also, write a line about how they can contact you if they want to.
Sample of LOI
As you have read and understood enough about Letter of intent and how to start a letter of intent, now it’s time to take a look at an LOI sample and see to yourself how an actual copy of LOI looks like. Take a look at the sample below.
Conclusion
Now you know what a letter of intent is and what should a letter of intent include. Apply for a job or higher education admission with a carefully crafted LOI next time. And if you don’t know how to format letter of intent, reach out to our experts for assistance.
Frequently Asked Question
No, it is not required unless it is specially mentioned in the terms and conditions.
It is highly recommended to keep your letter of intent brief. Normally, it can be the size of one or two pages maximum or between 400 and 800 words.
Normally, letter of intent doesn’t have the nature of binding document. However, if any binding nature is attributed to it in the terms and conditions regarding how to make letter of intent, especially when you draft a business Letter of intent, it can serve the purpose of a legal document too.
The validity of a letter of intent varies according to the terms and conditions by which it is made.
It depends on the context in which it is written or the type of LOI you are dealing with. We can write on the behalf of anyone you request. If you are a student applying for higher education, it has to be written by your professor, HOD or principal. You produce it to the university or college. If you are into a job application, you submit it to the recruiter after requesting same from your previous employer or colleague. If you are entrepreneur looking for a business deal with another firm, you exchange it with the same; your previous client would provide.
You are expected to write your letter of intent in formal tone and address the specific person to whom it is written using the salutation ‘Dear’.
Mr. Sugathan
Mr. Sugathan is the founder of Professional Writing Services. He is an Army veteran who served the nation for more than two decades. During his tenure, he was involved in a lot of documentation and secretarial works. He has been drafting letters and documents on a daily basis.
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