This offer to purchase real estate property template has 5 pages and is a MS Word file type listed under our real estate documents.
Sample of our offer to purchase real estate property template:
OFFER TO PURCHASE This Offer to Purchase Agreement (the "Agreement") is effective [DATE], BETWEEN: [FIRST PARTY NAME] (the "Purchaser"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the "Vendor"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] Reference is made to the Letter of Intent dated [DATE] addressed by [INDIVIDUAL NAME] to [COMPANY NAME] (the "Vendor") and accepted by the Vendor on [DATE] providing, inter alia, for the purchase by [INDIVIDUAL NAME] or his nominee of the warehouse in [NAME OF THE CITY] used by the Vendor in its [SPECIFY] business. OFFER TO PURCHASE We, [COMPANY NAME], or our nominee to whom we have assigned our rights hereunder, (the "Purchaser") hereby offer to purchase from you, the Vendor, upon and subject to the terms and conditions herein, the following immoveable property [DESCRIBE]; together with the warehouse thereon erected, situate on the [NAME OF THE STREET], in the City of [NAME OF THE CITY], Province of [STATE/PROVINCE] (the "Warehouse", the Land and the Warehouse being hereinafter collectively referred to as the "Property"), as the said Property now subsists, including all equipment, furniture, tools and supplies used in the daily operation and administration of the Property, except to the extent not owned by Vendor. PURCHASE PRICE The total purchase price for the Property (the "Purchase Price") shall be the sum of [AMOUNT] allocated as to [AMOUNT] for the Land and [AMOUNT] for the [Building/Warehouse], and payable as follows: The amount of [AMOUNT] shall be paid by certified check or bank draft at Closing to Vendor's notary in trust, to be released to Vendor upon registration of the deed of sale without adverse entries; The amount of [AMOUNT] shall be paid by the assumption by the Purchaser of the obligations of the Vendor pursuant to the deed of loan and hypothec between the Vendor and the [SPECIFY BANK] de la [STATE/PROVINCE] signed on [DATE] before [INDIVIDUAL NAME] and registered at the registry office for the registration division of [SPECIFY] under the number [NUMBER], to the complete exoneration of the Vendor; The amount of [AMOUNT] shall be paid by the delivery by the Purchaser to the Vendor of a promissory note in such amount. CLOSING Subject as herein provided, a Deed of Sale giving effect hereto and containing the standard clauses, representations and warranties and hypothec securing the balance of price, shall be executed before Vendor's notary at his or her offices and the payment referred to in Section 2(b) above will be made (the "Closing") on the [NUMBER] day following the date of delivery by the Purchaser to the Vendor of the Certificate of Location contemplated at section 4 hereof (the "Closing Date") at [HOUR], or at such other time and place as may be mutually agreed upon between us. CONDITIONS PRECEDENT TO CLOSING This Offer is made subject to the following conditions, each of which is of the essence hereof: There are no leases, offers to lease, sub-leases or other similar agreements relating to the Property which are currently in force or may come into force prior to the Closing; There are no hypothecs, charges or other encumbrances on the Property other than the hypothec referred to in subsection 2(b) hereinabove; All service contracts, insurance policies, and other agreements relating to the Property which are currently in force or may come into force prior to the Closing may be cancelled on not more than [NUMBER] days' notice without penalty; Within [NUMBER] days of Vendor's acceptance hereof, Vendor will, at its expense, furnish Purchaser with copies of an up-to-date Certificate of Location; all service contracts, insurance policies, and other agreements relating to the Property which are then in force or may come into force prior to the Closing; all correspondence, litigation, notices or other documents from any municipal or governmental authority in connection with the Property or work to be done thereon. Purchaser agrees to keep all such information confidential in the event the Closing does not take place. Purchaser and its agents may, at any time prior to Closing, inspect or survey the Property and Vendor shall grant access to Purchaser and its agents for such purpose; Purchaser's legal counsel shall have [NUMBER] days from the date of delivery of the Certificate of Location to review same and to complete their search of title to the Property and to report to Purchaser thereon. If they or Purchaser are not satisfied with the results of such review and/or searches, Purchaser shall have the option to have any title defects so discovered corrected to its satisfaction and that of its counsel, at Vendor's cost and expense, and deduct such cost from the payment of the purchase price under section 2 hereof, or to cancel the transaction as set out below. In the event that Purchaser is not satisfied with (i) its inspection of the Property, or (ii) its examination of the foregoing documents, or (iii) the results of the title searches, or (iv) if Purchaser should determine for any other reason not to proceed with the transaction contemplated herein, Purchaser shall give Vendor written notice to such effect at any time prior to Closing. Upon delivery of such notice, the deposit referred to in Section 2(a) above shall be returned to Purchaser with all interest earned thereon, the agreement resulting from Vendor's acceptance hereof shall be terminated and, subject to the obligations of Purchaser concerning confidentiality set forth above, neither party shall be further obligated hereunder
