Document background
The Letter of Offer to Purchase Property is a crucial initial document in Swiss real estate transactions, serving as the formal expression of a buyer's intent to acquire a property. This document is typically used before entering into a binding purchase agreement and requires careful consideration of Swiss federal and cantonal laws. It should detail the essential elements of the proposed transaction, including property identification, purchase price, payment terms, and any conditions precedent. While not as formally binding as the final notarized purchase agreement, it forms the basis for subsequent negotiations and the final transaction. The letter must comply with Swiss property law requirements, including considerations for foreign buyers under Lex Koller if applicable, and often involves input from legal professionals to ensure all necessary elements are properly addressed.
