Offer to purchase (non-binding)
1.Parties
- 1.1
Buyer: Buyer's full name, contact details: Buyer's address, email and phone (hereinafter the buyer).
List every buyer with the personal identification code or date of birth.
- 1.2
Recipient of the offer: Seller's full name (hereinafter the seller).
Write the name as in the land register. A seller who is not the registered owner cannot sell. Add the agent's name if you send it through an agent.
- 1.1
2.Property
- 2.1
The offer concerns the property at Address of the property, land register part no. Register part number (registriosa nr), which consists of the following: Description.
Find the part number in e-Kinnistusraamat. Describe the type, area in m², rooms, storage room and parking space.
- 2.2
The following movable items are included in the price: Items included in the price.
List them here and later in the notarial contract. Items left out often cause disputes at handover.
- 2.1
3.Offered price
- 3.1
The buyer offers a purchase price of Offered price in euros, in figures euros (Offered price in words, in Estonian euros) for the property.
Write the price in figures and in words. If they differ, a dispute follows. If an agent is involved, ask who pays the agent's fee before you send the offer.
- 3.1
4.Financing
- 4.1
Optional
The buyer will pay the purchase price with own funds of Own funds euros and a bank loan of Loan amount euros. The buyer expects the bank's loan decision no later than Expected date of the loan decision.
Delete it if you pay entirely from your own funds. The bank usually takes a mortgage on the property, which the notary records in the same deed.
- 4.1
5.Conditions
- 5.1
The buyer's offer assumes the following conditions: Your conditions.
Ask the notary to put them in the contract.
- 5.2
Before the notarial contract, the seller will give the buyer the known information on defects of the property, current leases and debts to the apartment association.
Võlaõigusseadus § 14 already obliges both parties to disclose material facts during negotiations.
- 5.1
6.Notarial contract
- 6.1
The buyer proposes to sign a notarially certified sale contract and real right agreement before the notary Proposed notary no later than Latest date for the notarial contract.
A proposal, not a promise. A promise to sign is a pre-contract, void without a notary. For the notary, give name and town.
- 6.2
The buyer wishes to pay the purchase price through the notary's deposit account and to take over the property on Proposed handover date.
With a deposit account the notary pays the seller only after the conditions agreed in the contract are met, usually after the transfer application is filed.
- 6.1
7.Legal effect of the offer
- 7.1
This offer is neither a contract of sale of the immovable nor a pre-contract, and it obliges no party to transfer or acquire the property. Such an obligation arises only from a notarially certified contract (Law of Property Act, § 119(1)).
Keep this clause. It prevents the paper from being read as a void private pre-contract.
- 7.2
No fee is paid to the seller or the agent in connection with this offer.
- 7.1
8.Validity
- 8.1
The offer is valid until Date the offer expires. If the seller has not agreed to the offer by that date, the offer is deemed to have lapsed.
- 8.2
A reply that changes the price or the terms is a new offer.
- 8.1
9.Signatures
- 9.1
Place of signature, Date of signature. Signature of the buyer.
- 9.2
Optional
The seller confirms that he agrees to start preparing the notarial contract at the above price and on the above terms. Signature of the seller, date: Date of the seller's statement.
This statement shows that the parties agree on the terms. It does not bind the seller to sell. Every owner should sign it.
- 9.1