Letter of intent to buy (non-binding offer)
1.Sender, recipient and subject
- 1.1
Full name of each buyer, Buyer's address, Buyer's phone and email. To Seller or estate agent, Recipient's address. Place of writing, Date of writing.
If you write to the agent, add "für den Eigentümer" and the seller's name if known.
- 1.2
Subject: Letter of intent to buy the property at Address of the property, your reference Listing or agent reference.
Give the reference number in the agent's brochure (Exposé), if any.
- 1.1
2.Property
- 2.1
Dear Sir or Madam, following the viewing, I declare my serious interest in buying the following property: Description of the property, located at Address of the property, entered in the land register Land register entry, if known.
The entry identifies the property. The notary checks it. For a flat, add the unit number in the division declaration.
- 2.1
3.Price
- 3.1
For the property, which is offered at a price of Asking price euros, I offer a purchase price of Offered price euros (in words: Offered price in words euros).
Land transfer tax, notary and land registry fees and any agent's commission come on top of this price.
- 3.2
Optional
The price includes the following movable items sold with the property: Items included in the price. Their share of the price is Value of the included items euros.
Delete this clause if nothing is sold with the property. If you keep it, make sure the notarial contract lists the same items and value.
- 3.1
4.Financing
- 4.1
Optional
I will finance the purchase with own funds of Own funds euros and a loan from Lending bank of Loan amount euros. I will provide a financing confirmation from the bank by Financing proof due date.
Keep this clause or the next one. Use this one if you need a loan.
- 4.2
Optional
I will finance the purchase entirely from own funds of Own funds euros. I will provide proof by Financing proof due date.
Keep this clause or the previous one. Use this one for a cash purchase. The notary will also ask where the funds come from to meet anti-money-laundering rules.
- 4.1
5.Conditions
- 5.1
My offer assumes that, before the notarial signing, I receive and can check a current land register extract, the energy performance certificate and, for a flat, the declaration of division with the community rules, the collection of resolutions, the minutes of the owners' meetings of the last three years, the current budget, the last annual statement and the balance of the maintenance reserve.
Only owners and people they authorise can inspect the land register and the collection of resolutions, so ask the seller for copies or a written authorisation.
- 5.2
Further conditions: Other conditions.
Examples: a survey by an expert, or vacant possession.
- 5.1
6.Notary and timetable
- 6.1
I propose Proposed notary as the notary to record the contract. I ask that the notary prepares the draft purchase contract and sends it to me at least two weeks before the signing appointment.
The buyer pays notary and land registry costs by default (BGB § 448(2)), so usually proposes the notary. The notary acts for both parties and stays neutral.
- 6.2
I aim for the notarial signing by Target date for the notarial signing and for the handover of the property on Desired handover date.
- 6.1
7.Non-binding nature
- 7.1
This declaration is a non-binding letter of intent. It creates no obligation for me or for the owner to buy or to sell. A purchase contract is formed only when it is recorded by a notary (section 311b(1) BGB).
- 7.2
I will make no payment, in particular no reservation fee, before the notarial purchase contract is concluded.
This protects you from a later claim that you agreed to a reservation fee.
- 7.1
8.Validity
- 8.1
This offer stands until Date until which the offer stands. I ask for your reply by that date.
Set a short period. The date tells the seller when you will look elsewhere. It does not bind you.
- 8.1
9.Signature
- 9.1
Yours faithfully, Full name of each buyer (signature of each prospective buyer).
- 9.1