Products tagged with 'offer to purchase real estate'

Make an offer to purchase a real estate property in Quebec with this Promise to Purchase template (English language version).

• Buyer's Promise. The buyer promises to purchase the property after the buyer has examined the property and has declared itself satisfied with the property.
• Mortgage Condition. The buyer's offer is conditional upon the buyer being able to obtain a new mortgage.
• Other Offers. The seller is still at liberty to offer the property for sale, but if the seller receives an acceptable offer from another party, it must notify the buyer, who will then have a period of time to either cancel its condition on the purchase, or cancel its offer. If the offer is cancelled, the buyer's deposit will be returned and neither party will take any further action.
• Building Inspection. The offer is also conditional upon the buyer obtaining a satisfactory building inspection.
• Encumbrances. The seller must provide good title to the property, and must warrant to the buyer for any violations that encumber the property.
• Rentals. This template can also be used for a rental building and includes provisions for notifying tenants and transferring current leases.
• The English-language Promise to Purchase Real Estate template is available in Microsoft Word format and is fully editable.
• Intended to be used only in the Province of Quebec, Canada.

Buy commercial investment property in British Columbia from a bare trustee company with this Purchase and Sale Contract.

• The land is held by a bare trustee company on behalf of the seller.
• The transaction is conditional upon the buyer obtaining a satisfactory development feasibility study and an environmental review of the property.
• After the buyer's conditions have been removed, the buyer will have the option to purchase the trustee company shares.
• The document includes a disclosure statement by the parties' real estate agents in accordance with the Canadian Real Estate Association's Code of Ethics.
• Available as a downloadable and customizable MS Word document.
• Intended to be used only in the Province of British Columbia, Canada.

Purpose of Document

The purpose of this Offer to Purchase Commercial Building is for acquiring an office building, retail building, or other commercial property in Alberta. The document sets forth the terms and conditions under which a purchaser may make an offer to acquire such property.

Conditions of the Offer

• Building Inspection: The purchaser’s offer is conditional upon the completion of an inspection of the building to ensure it meets their requirements.
• Document Review: The purchaser must have the opportunity to review all leases, covenants, operating statements, and any other documents related to the building.
• Title Inspection: The purchaser is required to inspect the property’s title to confirm its status and any encumbrances.
• Environmental Approval: The offer remains conditional until the purchaser receives approval from the appropriate authority regarding any environmental matters associated with the property.

Additional Provisions

• Right of First Refusal: The purchaser is granted a right of first refusal to lease space on specified floor(s) of the property.
• Broker Commissions: If applicable, the offer includes a clause addressing the payment of broker commissions.

Template Information

This Alberta Offer to Purchase Commercial Building template is provided in Word format and is fully editable, allowing users to tailor the document to their specific circumstances.

Buy and sell real estate property in Prince Edward Island with this Offer to Purchase / Agreement of Purchase and Sale of Real Property.

Responsibilities of Parties

• The vendor (seller) is responsible for paying out and discharging any existing financial encumbrances on title to the property which are not being assumed by the purchaser.
• The purchaser is responsible for paying the costs of arranging new mortgage financing (if applicable) and the costs of conveyance of the title.

Key Conditions of the Agreement

• The buildings and property remain at the risk of the vendor until the closing, after which the purchaser assumes the risk.
• The vendor makes certain warranties and representations about the property (e.g. residential use only, Canadian residency, etc.).
• Once signed, the offer becomes a binding contract between the parties.

Format and Jurisdiction

This legal document template is available as a fully editable MS Word form. It is intended for use solely in the Province of Prince Edward Island, Canada.

Set out the terms of agreement for a purchase of commercial real estate in Canada with this template Letter of Intent.

A Letter of Intent (LOI) is used to outline the preliminary terms and intentions for the purchase of commercial real estate in Canada. Signing this document serves as a signal to lenders and contractors that the parties intend to move forward with the transaction. This step allows for an early start on site development, construction, and financing activities prior to the execution of the formal purchase and sale contract.

Summary of Discussions

The LOI serves as a summary of the discussions that have taken place between the vendor and purchaser up to this point. It formally records the preliminary agreements and mutual understandings of the parties regarding the transaction.

Vendor Obligations

The vendor is responsible for providing the purchaser with all documentation related to the property. This includes documents concerning any leasehold tenants. These materials must be delivered early enough to give the purchaser adequate time to review them before the closing date.

Purchaser Requirements

Prior to the transaction closing, the purchaser must be satisfied with both the document review and the physical inspection of the property. Additionally, the purchaser must be able to secure sufficient financing to complete the purchase.

Applicability and Format

This LOI template can be used for commercial real estate transactions in any Canadian province or territory (with the possible exception of Quebec). It is available in MS Word format and is intended strictly for properties located within Canada.