Offer to purchase
1.Parties
- 1.1
I, the undersigned Buyer's full name, holder of identity card or passport no. Buyer's identity card or passport number, residing at Buyer's address ("the Buyer"), make to Seller's full name ("the Seller") the following offer to buy the property described below.
List every buyer. Name as seller every registered owner, as shown on the title deed or in the listing.
- 1.1
2.Description of the property
- 2.1
The property is located at Address of the property and consists of Description of the property. Land Registry details: Land Registry details.
Copy the registration details from the title deed or search certificate.
- 2.1
3.Offered price
- 3.1
I offer a price of €Offered price in euros, in figures (Offered price in words euros). The price VAT position.
Ask whether VAT applies before you offer. A new build usually includes VAT. A resale is usually not subject to VAT. With VAT, no transfer fee is due.
- 3.2
When the contract of sale is signed I will pay a deposit equal to Deposit at the contract% of the price. The balance will be paid on the terms of the contract of sale and no later than the transfer of the property into my name at the District Land Office.
This is a promise to pay at the contract, not now. The law sets no deposit rate.
- 3.1
4.Conditions
- 4.1
This offer is subject to a check of the property by my lawyer, Buyer's lawyer, with results satisfactory to me, in particular as to the title, encumbrances and prohibitions, planning and building permits, and the existence of a separate title deed.
Name the advocate and the firm who will check the property.
- 4.2
Optional
This offer is also subject to the approval of a loan of up to €Loan amount in euros by a credit institution by Latest date for loan approval.
Delete it only if you pay from your own funds.
- 4.3
Optional
Because I am not a citizen of a member state of the European Union or of a state party to the European Economic Area, the purchase is subject to the grant of a permit by the Council of Ministers under the Acquisition of Immovable Property (Aliens) Law, Cap. 109.
Keep it if any buyer is not an EU or EEA citizen. Delete it otherwise.
- 4.1
5.Contract of sale
- 5.1
If the offer is accepted, the parties' lawyers will prepare a written contract of sale, to be signed no later than Latest date to sign the contract of sale. The Seller will attach to the contract a search certificate of the property, in accordance with section 4(1A) of the Sale of Immovable Property (Specific Performance) Law of 2011, and the contract will be deposited at the competent District Land Office.
- 5.2
This offer is made subject to contract. The offer and its acceptance record the main terms of the deal, but neither party is bound to buy or sell until all parties have signed the contract of sale.
Keep this clause. Without it, an accepted offer may be argued to be a binding sale before your lawyer has checked the property.
- 5.1
6.Validity
- 6.1
This offer is valid until Date and time the offer expires. If the Seller's written acceptance has not been sent to me by then, the offer lapses without further notice.
You can still withdraw the offer before this date, as long as the seller has not yet sent the acceptance.
- 6.2
A reply that changes the price or any other term of this offer is a counter-offer and not an acceptance.
- 6.1
7.Signatures
- 7.1
Signed at Place of signature on Date of signature. Signature of the Buyer.
- 7.2
Seller's acceptance: "I accept the above offer without reservation, subject to contract." Date: Date the seller accepts. Signature of the Seller.
Every registered owner signs the acceptance.
- 7.1