Offer To Purchase (Real Estate) Template for Qatar

The Offer to Purchase (Real Estate) is a crucial document in Qatar's property transaction process, used when a prospective buyer wishes to formalize their intent to purchase real estate property. This document is particularly important in Qatar's rapidly developing real estate market, where clear documentation and compliance with local regulations are essential. It serves as the initial step in the property acquisition process, setting out the proposed purchase price, payment terms, conditions, and other key terms in accordance with Qatar's Civil Code and real estate laws. The document must consider specific requirements for different types of properties and buyers, including special provisions for foreign ownership under Law No. 16 of 2018, and typically precedes the final sale and purchase agreement. It's commonly used in both residential and commercial property transactions and requires careful attention to Qatar's property registration and documentation requirements.

1. Parties: Identification of the buyer (offeror) and seller (offeree), including full legal names, Qatar ID numbers or passport details, and contact information

2. Background: Brief context of the transaction and purpose of the offer

3. Definitions: Key terms used throughout the document, including property-specific terminology and legal concepts

4. Property Details: Comprehensive description of the property, including address, plot number, size, boundaries, and registration details as per Qatar cadastral records

5. Purchase Price: Detailed breakdown of the offered purchase price in Qatari Riyal and payment structure

6. Payment Terms: Schedule of payments, including deposit, installments, and final payment details

7. Due Diligence Period: Timeframe and conditions for property inspection, document verification, and title search

8. Conditions Precedent: Essential conditions that must be met before the sale can proceed

9. Closing Process: Steps for completing the transaction, including registration requirements and timeline

10. Representations and Warranties: Standard declarations by both parties regarding property condition, ownership, and authority to sell/buy

11. Default and Remedies: Consequences and available remedies if either party fails to perform

12. Governing Law: Confirmation of Qatar law application and jurisdiction

13. Notices: Method and addresses for official communications between parties