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Simple Offer To Purchase Real Estate Form
"I need a Simple Offer To Purchase Real Estate Form for a residential property in Kuala Lumpur, with a completion date of March 15, 2025, including conditions for bank financing approval and vacant possession upon completion."
1. Parties: Identification of the purchaser making the offer and the property owner (vendor), including full legal names, identification numbers, and addresses
2. Background: Brief context of the offer to purchase, including the intent to acquire the property
3. Definitions: Key terms used in the offer document defined for clarity
4. Property Details: Complete description of the property including lot number, title details, address, and land area
5. Purchase Price: The offered purchase price and payment terms, including deposit amount and payment schedule
6. Payment Terms: Detailed breakdown of how and when payments will be made, including deposit, progressive payments, and completion
7. Conditions Precedent: Essential conditions that must be fulfilled before the sale can proceed, such as bank loan approval
8. Completion Period: Timeframe for completing the purchase and consequences of delay
9. Title and Ownership: Confirmation of clear title and any encumbrances on the property
10. Default Provisions: Consequences and remedies in case either party defaults on their obligations
11. Execution: Signature blocks for all parties and witnesses
1. Tenancy Status: Required if the property is currently tenanted, describing existing tenancy arrangements
2. Renovation Works: Include if there are ongoing or planned renovation works that affect the purchase
3. Property Management Fees: Necessary for properties in managed communities or high-rise buildings
4. Goods and Chattels: Required if the offer includes furnishings or other movable property
5. Special Conditions: Any unique requirements or conditions specific to this transaction
6. GST/Tax Provisions: Include if there are specific tax arrangements or GST implications
7. Vacant Possession: Required if immediate vacant possession is a condition of the offer
1. Schedule A - Property Details: Detailed property information including exact measurements, boundaries, and title particulars
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms, amounts, and due dates
3. Schedule C - Inventory List: List of fixtures, fittings, and other items included in the sale (if applicable)
4. Appendix 1 - Property Documents: Copies of title deed, land survey, and other relevant property documents
5. Appendix 2 - Property Photos: Current photographs of the property and its condition
6. Appendix 3 - Special Terms: Any additional terms, conditions, or requirements agreed between parties
Authors
Real Estate
Property Development
Banking and Finance
Legal Services
Construction
Residential Property
Commercial Property
Industrial Property
Retail Property
Agricultural Property
Legal
Real Estate
Property Management
Compliance
Finance
Risk Management
Operations
Business Development
Asset Management
Acquisitions
Real Estate Agent
Property Lawyer
Conveyancing Executive
Property Manager
Legal Counsel
Property Developer
Bank Manager
Mortgage Officer
Real Estate Investment Manager
Property Acquisition Manager
Legal Director
Compliance Officer
Real Estate Broker
Property Consultant
Transaction Manager
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