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Expressions of Interest

Expressions of Interest (EOI)

  • What are Expressions of Interests?
    • An Expression of Interest represents a person’s expression of interest in a property or opportunity and no more. Expressions of Interest are non-binding. One of the goals of many users of the Access Senior Housing Site it to gauge the interest others have in a property or an opportunity. Many site users will wish to work towards a non-binding Letter of Intent with others on this site and thereafter use that Letter of Intent elsewhere to reach a binding agreement.
  • Will a discussion-price be revealed to other Interested Parties?
    • No. Prices are presented to other Interested Parties as either ‘At List’, ‘Above List’, or ‘Below List’. For example, if a Poster’s price for a Assisted Living Community is $5M, and an Interested Party submitted an EOI at $5M the EOI History page will show ‘At List’ in the ‘Interest Level’ column, NOT the actual dollar value of an EOI. An Interested Party’s discussion on price is never disclosed to other IPs intersted in the same post.
  • What is the expiration date?
    • This is the date set by either the Poster or Interest party for when their EOI will expire. An expired EOI can be withdrawn by either party and resubmitted with a new expiration date. When and EOI expires the other user can still respond to the expired EOI with an EOI.
  • Where can I find out what the Submissions Activity Symbols mean?
    • The Submissions Activity Symbol mouse over link can be found on the EOI History and EOI Detail pages.
  • How Do I Submitt an Expression of Interests (EOIs)?
    • Expressions of Interest are how discussions on price and terms are conveyed between the Poster (P) and Interested Party (IP). Only one EOI can be submitted by an IP at a time on a post. The details of each EOI submitted on a post by an IP are hidden from other IPS, only the status of the EOI is viewable.

Expression of Interest Submission Form

The EOI Tool submission form is initially located at the bottom of the post, unless the Poster does not use this tool.

  • Submit EOI
    • When your EOI form has been filled out press the submit button to send it to the Poster
  • Withdraw EOI
    • If you want to withdraw a previously submitted EOI press the withdraw button. The poster will be notified that it was redrawn.
  • I’m Definitely Interested
    • If you are a Poster or Interested Party and are interested in moving your discussion offline to complete your transaction press the I’m Definitely Interested’ button
  • Change Price
    • To change a discussion price withdraw your EOI and then resubmit it with your revised price
  • Expiration Date
    • The EOI expiration date is the date that you set for your EOI to expire. To change the expiration date withdraw your EOI and then resubmit it with the new expiration
  • Expiration Time
    • The EOI expiration time is the date that you set for your EOI to expire. To change the expiration time withdraw your EOI and then resubmit it with the new expiration time.
  • EOI History Page
    • Each post has an EOI History page, when at least one EOI has been submitted on it.  The EOI History page shows all current and past EOIs and related activity from all Interested Parties on a post. If you are an Interested Party, with and EOI, on a post, you can access you EOI via the EOI History page or the MY Expression of Interest link.
  • EOI Detail Page
    • The EOI Detail page is were both the Poster and Interested Party exchange Expressions of Interest between themselves.  This page allows each party to submit EOIs, communicate privately, and upload documents privately between each other. On the EOI detail page a Poster or Interested Party can authorized their respective consultants to participate with them in their discussions with the other party.  Messages between a Poster and their respective consultants and a Interested Party and their respective consultants can not be seen by the other party or their respective consultants.

Expression of  Interest Questions and Answers

  • How many EOIs can be placed on my post by different interested parties?
    • There is no limit to the number of EOIs that can be submitted by different Interested Parties.
  • Can the same Interested Party enter multiple EOIs on a Poster’s post?
    • Yes and No.  If an Interested Party has active EOI on a post, they will not be able submit a second EOI. However, not until the Poster marks the Interested Party’s EOI as ‘Discussion Closed‘ will the Interested Party be able to submit a new EOI.
  • Can an Authorized User, of an Interested Party that has already placed an EOI on my Post, place a separate EOI on it too?
    • No. An Interested Party’s Authorized Users (like a partner, broker, attorney) are treated as if they are the Interested Party that has submitted the EOI.
  • Can an Interested Party or their Authorized User be an Authorized User on a Poster’s post, if the Interested party has already placed an EOI on  the Post?
    • No. A Poster cannot authorize an Interested Party or their Authorized Users as authorized uses on a post the Interested Party has already submitted an EOI.

Expression of Interest Acceptance

  • When a Poster and Interest Party reach an understanding on an Expression of Interest this is called a: Mutually Agreeable Non-Binding Understanding. This status is reached after either the Poster or Interested Party click on the ‘I’m Definitely Interested’ button on the EOI detail page.

Messages for EOI Understanding

  • The Messages for EOI Understanding area is available to both the Poster and Interested Party so messages can be sent and archived between them after a Mutually Agreeable Non-Binding Understanding has been reached.

Mark as Discussions Closed

  • A Poster can close an EOI thread to any further message activity, after a Mutually Agreeable Non-Binding Understanding has been reached, by pressing the ‘Discussions Closed’ button.

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