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Offer To Purchase Commercial Real Estate Form
"I need an Offer to Purchase Commercial Real Estate Form for acquiring a multi-tenant office building in Toronto, with specific provisions for existing tenancy agreements and environmental compliance requirements, planned for completion by March 2025."
1. Parties: Identification of the purchaser and vendor, including full legal names, addresses, and incorporation details if applicable
2. Background: Brief context of the transaction and acknowledgment of the parties' intention to enter into the agreement
3. Definitions: Key terms used throughout the document defined for clarity and consistency
4. Property Description: Detailed legal description of the property, including municipal address and legal boundaries
5. Purchase Price: Statement of the purchase price, deposit amount, and payment terms
6. Deposit: Details of the deposit amount, payment schedule, and handling of funds
7. Due Diligence Period: Timeframe and terms for buyer's investigation of the property
8. Conditions Precedent: Conditions that must be satisfied before the agreement becomes binding
9. Representations and Warranties: Statements of fact and promises made by both parties regarding the property and transaction
10. Closing Date and Possession: Specified date for completion of the transaction and transfer of possession
11. Adjustments: How property taxes, utilities, and other expenses will be prorated between parties
12. Title: Requirements for clear title and handling of title defects
13. Default and Remedies: Consequences and available remedies if either party fails to perform
14. Notices: How and where formal communications between parties should be delivered
15. Execution: Signature blocks and execution requirements
1. Existing Tenancies: Used when the property has existing tenants, detailing lease assignments and tenant rights
2. Environmental Matters: Required when environmental investigations or concerns need to be addressed
3. Financing Condition: Included when the purchase is contingent on the buyer obtaining financing
4. Property Management: Used when existing property management agreements need to be addressed
5. Development Conditions: Required when the purchase is contingent on specific development approvals or permits
6. GST/HST Elections: Included when specific tax elections are being made regarding the transaction
7. Foreign Investment: Required when the purchaser is a non-resident of Canada
8. Vendor Take-Back Mortgage: Included when the vendor is providing partial financing
1. Schedule A - Legal Description: Detailed legal description of the property and included fixtures
2. Schedule B - Permitted Encumbrances: List of accepted liens, easements, and encumbrances
3. Schedule C - Purchase Price Allocation: Breakdown of purchase price among land, buildings, and other assets
4. Schedule D - Due Diligence Documents: List of documents to be provided during due diligence
5. Schedule E - Existing Leases: Details of current lease agreements affecting the property
6. Schedule F - Environmental Reports: List of environmental studies and reports
7. Appendix 1 - Property Plans: Site plans, surveys, and building drawings
8. Appendix 2 - Service Contracts: List of ongoing service contracts affecting the property
Authors
Adjustments
Agreement
Applicable Laws
Appraisal
Business Day
Closing
Closing Date
Closing Documents
Completion Date
Conditions Precedent
Deposit
Due Diligence Period
Earnest Money
Effective Date
Encumbrances
Environmental Laws
Environmental Reports
Execution Date
Fixtures
GST/HST
Hazardous Substances
Improvements
Land
Lease(s)
Liens
Losses
Material Adverse Change
Permitted Encumbrances
Property
Purchase Price
Purchaser
Purchaser's Solicitors
Real Property
Registered Title
Representations and Warranties
Security Interests
Service Contracts
Statement of Adjustments
Survey
Title
Title Insurance
Title Search
Transaction
Vendor
Vendor's Solicitors
Verification Period
Work Orders
Purchase Price
Payment Terms
Deposit
Due Diligence
Property Inspection
Environmental Compliance
Title Review
Representations and Warranties
Conditions Precedent
Closing Conditions
Property Transfer
Risk Allocation
Insurance
Tax Matters
Existing Tenancies
Property Management
Default and Remedies
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Confidentiality
Survival
Time of Essence
Amendment
Severability
Entire Agreement
Further Assurances
Real Estate
Commercial Property Development
Retail
Hospitality
Healthcare
Manufacturing
Warehousing and Distribution
Professional Services
Financial Services
Education
Technology
Industrial
Entertainment and Recreation
Legal
Finance
Real Estate
Operations
Facilities Management
Risk Management
Business Development
Investment
Asset Management
Corporate Development
Property Management
Due Diligence
Real Estate Director
Chief Financial Officer
Property Manager
Real Estate Attorney
Corporate Counsel
Facilities Manager
Business Development Manager
Investment Manager
Asset Manager
Risk Manager
Acquisitions Manager
Development Manager
Commercial Real Estate Broker
Real Estate Investment Analyst
Chief Executive Officer
Operations Director
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