This offer to purchase real estate property template has 12 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 (the "Agreement") is effective [DATE], BETWEEN: [YOUR COMPANY 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: [COMPANY NAME] (the "Vendor"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] We, (the" Purchaser") hereby offer to purchase from you, (the "Vendor") upon and subject to the terms and conditions herein, the immoveable property described as: [DESCRIBE - INCLUDING PLAN AND BOOK OF REFERENCE OF, REGISTRATION DIVISION] together with the building thereon erected, bearing civic number [NUMBER] on the street [STREET], in the City of [CITY], [State/Province] of [STATE/PROVINCE] (hereinafter referred to as the "Property"), as the said Property now subsists including, except to the extent not owned by Vendor and subject to all rights of tenants in the building (a) all permanent electrical fixtures, (b) all permanently installed heating equipment, (c) all equipment, tools and supplies used in the daily operation of the Property, (d) all equipment, furniture and supplies used in the administration of the Property, and (e) all rights of the Vendor in any operating agreements, licenses, trademarks, leases and metro access agreements related to the Property or the administration thereof, including without limiting the foregoing, all of the Vendor's rights as lessee in that certain lease with the for certain parking facilities under, which lease shall provide for at least [NUMBER] parking spaces (the "Parking Facility") for a term of at least [NUMBER] years at an annual net rental of [AMOUNT] to be adjusted annually based on the Consumer Price Index. 2. PURCHASE PRICE The total purchase price for the Property (the "Purchase Price") shall be the sum of [AMOUNT] payable as follows: a) The amount of [AMOUNT] by check to the order of our attorneys, [INDIVIDUAL NAME] in Trust, which shall be delivered to the said payee upon your acceptance hereof and shall be applied on account of the Purchase Price at Closing (as hereinafter defined) or otherwise dealt with as hereinafter provided, which sum shall be invested in a certificate of deposit with a [COUNTRY] chartered bank until Closing. All interest on such deposit shall, except as herein provided to the contrary, be payable to Purchaser; and b) The amount of [AMOUNT] shall be paid by bank draft at Closing to [INDIVIDUAL NAME] in Trust. The parties hereto agree than an amount of [AMOUNT] of the Purchase Price will be remitted to the Vendor upon the registration of the deed of sale without adverse entries and subject to the discharge of all hypothecs and privileged claims which may affect the Property. An amount of [AMOUNT] from the Purchase Price will be held by the offices of [INDIVIDUAL NAME] in Trust as guarantee for the fulfillment of the various warranties of the Vendor pursuant to the provisions of this offer, and any other documents to be executed by the Vendor pursuant to the provisions hereof. The said sum of [AMOUNT] will be held by [INDIVIDUAL NAME] in Trust and dealt with and disposed of by them pursuant to the provisions of Section 9 hereof. No privilege or hypothec shall secure the payment of the said amount of [AMOUNT], the entire sale price shall be deemed for the purposes of the deed of sale to have been paid in full upon the execution of the deed of sale. 3. CLOSING Subject as herein provided, a Deed of Sale giving effect hereto shall be executed before Purchaser's notary at the offices of [INDIVIDUAL NAME], [FULL ADDRESS], [STATE/PROVINCE], and the payment referred to in Section 2(b) above will be made, such actions being herein referred to as the "Closing", on, [DATE] (the "Closing Date") at [HOUR] a.m./p.m., or at such other time and place as may be mutually agreed upon between us. 4. CONDITIONS PRECEDENT TO CLOSING This Offer is made subject to the following conditions, each of which is of the essence hereof: a) Within [NUMBER] days of Vendor's acceptance hereof, Vendor will, at its expense, furnish Purchaser with: (i) An up-to-date Certificate of Location prepared by a qualified land surveyor showing the Property in its present state and condition; (ii) Executed copies of all contracts and agreements relating to the Property which are then in force or may come into force prior to the Closing, including, any operating agreements, licenses, leases in favor of the Property, metro access agreements and all contracts relating to parking, heating, ventilation and air conditioning, elevators, cleaning, pest control and security (collectively called the "Contracts"); and (iii) Executed copies of all leases and accepted offers to lease of premises forming part of the Property, including without limitation, any subleases to which Vendor has consented in writing (the said leases, offers to lease and subleases being herein collectively called the "Space Leases"); (iv) Audited financial statements of gross rental revenue, property taxes and operating expenses for the [NUMBER]-year period ended [DATE], and unaudited financial statements for the period ended [DATE] to the date hereof; (v) An executed copy of the lease with the City of [CITY] for the Parking Facility. b) Purchaser and its agents shall be permitted at any reasonable time during normal business hours, upon the request of the Purchaser giving reasonable notice, during the period commencing with the date of acceptance by Vendor of this Offer and terminating at [HOUR] a.m./p.m. on [DATE] to enter upon the Property for the purpose of inspecting or surveying it, provided that the business operations being conducted thereon are not adversely affected, and Vendor shall give Purchaser and its agents full access to the Property and shall make available to the Purchaser, in addition to the documents referred to at a) i), ii), iii), iv) and v) above, all documents which may be pertinent in establishing the value of the Property, and without limiting the foregoing, Vendor's complete files containing: (i) Copies of all plans, drawings and specifications for the Property (including without limitations, plans for leasehold or tenants' improvements in the possession of the Vendor); (ii) Copies of any and all engineering reports and architectural reports the Vendor has obtained in respect of the Property; (iii) Copies of all operating statements, sales reports, participation rental receipts and claims, accounting records and other records pertaining to operating costs, recoveries and participation rents from tenants held by the Vendor; (iv) Copies of all supporting invoices relating to the financial statements furnished by the Vendor at a) iv) above; (v) Copies of all contracts with general contractors, contractors, workmen, suppliers of material, in respect of work presently being carried out with respect to the Property; (vi) Copies of all insurance policies relating to the Property; (vii) Copies of all recent correspondence from tenants of the Property; (viii) Copies of all recent correspondence from the City of [CITY] or other statutory authorities concerning the Property, and any work presently being carried out thereto; (ix) Copies of all correspondence or litigation files or appraisals relating to any current contestation of the municipal evaluation of the Property; Purchaser agrees to keep all such information confidential in the event the Closing does not take place
