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Offer To Purchase Land
"I need an Offer to Purchase Land document for acquiring a 2-hectare commercial property in Lagos State, Nigeria, with a phased payment structure and completion date set for March 2025, including specific conditions about existing tenant rights."
1. Parties: Identification of the seller (vendor) and buyer (purchaser) with full legal names and addresses
2. Background: Context of the transaction and brief description of the property being offered for purchase
3. Definitions: Key terms used throughout the document including Property, Purchase Price, Completion Date, etc.
4. Property Description: Detailed description of the land including boundaries, measurements, and registration particulars
5. Purchase Price: The offered amount and payment terms including deposit and balance payment structure
6. Payment Terms: Detailed breakdown of how and when payments will be made, including deposit and balance payment schedules
7. Conditions Precedent: Essential conditions that must be met before the sale can proceed, including Governor's consent requirements
8. Due Diligence: Buyer's right to conduct property investigations and verify title
9. Completion: Terms and process for completing the transaction, including timing and documentation requirements
10. Representations and Warranties: Seller's declarations regarding ownership, encumbrances, and property condition
11. Default and Remedies: Consequences of breach by either party and available remedies
12. Notices: How formal communications between parties should be made and delivered
13. Governing Law: Specification that Nigerian law governs the agreement
14. Execution: Signature blocks and attestation requirements
1. Seller's Covenants: Additional promises by the seller regarding the property - include when there are specific commitments needed regarding property maintenance or resolution of existing issues
2. Survey Requirements: Include when a new survey of the property is required as part of the transaction
3. Environmental Matters: Include for properties in industrial areas or where environmental concerns exist
4. Planning Permissions: Include when the purchase is conditional on obtaining specific planning or development permissions
5. Customary Law Considerations: Include when the property is subject to customary law rights or requirements
6. Tenant Rights: Include when the property is subject to existing tenancies
7. Development Requirements: Include when there are specific development obligations or restrictions that need to be acknowledged
8. Force Majeure: Include when parties want specific provisions for unforeseen circumstances affecting completion
1. Property Schedule: Detailed technical description of the property including survey plans and coordinates
2. Title Documents: List of all relevant title documents and their details
3. Payment Schedule: Detailed breakdown of payment installments and timing if not paid in full
4. Encumbrances Schedule: List of any existing encumbrances, easements, or restrictions on the property
5. Due Diligence Checklist: List of required documents and verifications to be completed
6. Form of Transfer: Template for the final transfer document to be used upon completion
7. Required Consents: List of necessary governmental and regulatory approvals required
Authors
Applicable Laws
Business Day
Certificate of Occupancy
Completion
Completion Date
Conditions Precedent
Consideration
Customary Rights
Deposit
Encumbrances
Governor's Consent
Land Registry
Land Use Act
Local Government Authority
Notice
Offer
Parties
Payment Terms
Property
Purchase Price
Purchaser
Registration Fees
Right of Occupancy
Stamp Duty
State Government
Survey Plan
Title Documents
Transfer Documents
Valid Title
Vendor
Warranties
Purchase Price
Payment Terms
Title Verification
Due Diligence
Conditions Precedent
Representations and Warranties
Seller's Covenants
Buyer's Covenants
Completion Requirements
Governor's Consent
Transfer of Title
Risk and Insurance
Default and Remedies
Force Majeure
Notices
Assignment
Entire Agreement
Amendment
Severability
Governing Law
Dispute Resolution
Costs and Taxes
Survival
Traditional Rights
Environmental Compliance
Planning and Zoning
Registration Requirements
Third Party Rights
Termination
Real Estate
Agriculture
Industrial Development
Commercial Property
Residential Development
Mining
Infrastructure
Hospitality
Retail
Manufacturing
Energy
Healthcare
Legal
Real Estate
Property Development
Facilities Management
Finance
Compliance
Operations
Project Management
Business Development
Investment
Risk Management
Corporate Affairs
Real Estate Manager
Property Development Manager
Land Acquisition Officer
Legal Counsel
Property Manager
Facilities Manager
Investment Manager
Project Manager
Chief Financial Officer
Development Director
Compliance Officer
Real Estate Agent
Construction Manager
Business Development Manager
Operations Director
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