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Real Estate Offer And Acceptance Form
"I need a Real Estate Offer and Acceptance Form for purchasing a commercial property in Lagos, Nigeria, valued at ₦150 million, with a planned completion date of March 15, 2025, and including special provisions for existing tenant agreements."
1. Parties: Identification and details of the Seller/Vendor and Buyer/Purchaser, including full legal names, addresses, and contact information
2. Background: Brief context of the transaction and confirmation of the Seller's right to sell the property
3. Definitions: Key terms used throughout the document, including Property, Purchase Price, Completion Date, etc.
4. Property Description: Detailed description of the property including address, boundaries, and registration particulars
5. Purchase Price: The agreed purchase price and payment terms, including deposit requirements
6. Payment Terms: Structure and timeline of payments, including deposit, stage payments if any, and final payment
7. Conditions Precedent: Conditions that must be satisfied before the sale becomes binding
8. Seller's Representations: Warranties and representations regarding property title, encumbrances, and condition
9. Buyer's Undertakings: Commitments and obligations of the buyer, including financing arrangements
10. Completion: Process and requirements for completing the transaction
11. Default Provisions: Consequences of default by either party and remedies available
12. Signing and Acceptance: Formal acceptance sections for both parties to execute the agreement
1. Due Diligence Period: Terms for buyer's investigation period, used when buyer requires time to conduct property investigations
2. Financing Contingency: Conditions related to buyer's ability to secure financing, included when purchase depends on mortgage approval
3. Property Condition: Detailed description of property condition and any required repairs, used for properties needing renovation or repair
4. Tenant Rights: Details of existing tenancies and their impact on the sale, included for tenanted properties
5. Development Provisions: Special conditions for undeveloped land or properties requiring development, used for vacant land sales
6. Traditional Rights: Acknowledgment of any customary rights or traditional interests, used in areas where customary law is relevant
7. Special Use Conditions: Specific conditions related to property use or zoning requirements, included for properties with specific use restrictions
1. Property Details Schedule: Comprehensive description of the property including exact measurements, boundaries, and features
2. Title Documents: List of all relevant title documents and registration details
3. Payment Schedule: Detailed breakdown of payment terms and installments if applicable
4. Inventory: List of fixtures, fittings, and contents included in the sale
5. Land Documents: Copies of relevant land documents, surveys, and plans
6. Required Consents: List of necessary government or regulatory approvals required
7. Property Photographs: Visual documentation of the property's current condition
Authors
Agreement
Business Day
Buyer
Certificate of Occupancy
Completion
Completion Date
Contract Rate
Deposit
Effective Date
Encumbrances
Governor's Consent
Land Use Act
Legal Practitioner
Notice
Offer
Parties
Payment Terms
Property
Purchase Price
Registration Fees
Right of Occupancy
Seller
Settlement
Stamp Duty
Survey Plan
Title Documents
Transfer Documents
Vacant Possession
Valuation Report
Purchase Price
Payment Terms
Title Warranty
Property Condition
Due Diligence
Completion
Default
Risk and Insurance
Representations and Warranties
Government Consent
Land Registration
Transfer of Ownership
Vacant Possession
Encumbrances
Seller's Covenants
Buyer's Covenants
Force Majeure
Dispute Resolution
Governing Law
Notices
Assignment
Severability
Entire Agreement
Amendment
Costs and Stamp Duty
Real Estate
Construction
Banking and Finance
Legal Services
Property Development
Urban Planning
Commercial Property
Residential Property
Agriculture (for farmland)
Industrial
Hospitality
Retail
Legal
Real Estate
Property Management
Facilities
Compliance
Investment
Operations
Commercial
Risk Management
Finance
Business Development
Administrative Services
Real Estate Agent
Property Lawyer
Property Manager
Legal Counsel
Property Developer
Investment Manager
Facilities Manager
Real Estate Investment Officer
Property Acquisition Manager
Real Estate Portfolio Manager
Land Administrator
Commercial Director
Property Surveyor
Real Estate Analyst
Compliance Officer
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