The Commercial Offer to Purchase is a crucial initial document in UAE commercial property transactions, typically used when a potential buyer has identified a suitable property and wishes to formalize their interest with specific terms. This document, governed by UAE federal and emirate-specific laws, serves as the first formal step in the negotiation process. It includes essential details such as property specifications, proposed purchase price, payment structure, due diligence requirements, and closing conditions. The document must align with UAE Civil Code requirements for contract formation and any specific regulations pertaining to commercial property transactions in the relevant emirate or free zone. While not binding until accepted, a Commercial Offer to Purchase demonstrates serious intent and typically forms the framework for the subsequent sale and purchase agreement.
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1. Parties: Full legal names and details of the potential purchaser and current owner
2. Property Details: Comprehensive description of the commercial property, including address, size, and registration details
3. Purchase Price: Proposed purchase price, payment terms, and any deposit requirements
4. Terms of Offer: Key conditions of the offer, including validity period and acceptance mechanism
5. Due Diligence Period: Proposed timeframe and terms for conducting due diligence
6. Closing Conditions: Essential conditions that must be met before the transaction can close
7. Proposed Closing Date: Intended timeline for completing the transaction
8. Property Handover: Terms and conditions for the physical transfer of the property
9. Governing Law: Specification of UAE law as the governing law and relevant jurisdiction
1. Financing Contingency: Include when purchase is dependent on securing financing
2. Tenant Rights: Include when property has existing tenants and their rights need to be addressed
3. Environmental Conditions: Include for industrial properties or when environmental concerns exist
4. Development Rights: Include when purchase includes development rights or pending permits
5. Free Zone Provisions: Include when property is located in a free zone
6. Asset Transfer: Include when purchase includes business assets beyond real estate
7. Broker Representation: Include when real estate brokers are involved in the transaction
1. Property Description Schedule: Detailed technical description of the property, including plans and specifications
2. Due Diligence Requirements: List of required documents and investigations for due diligence
3. Payment Schedule: Detailed breakdown of payment terms and installments
4. Property Title Documents: Copies of relevant title documents and registration details
5. Existing Tenancies: Details of current lease agreements and tenant obligations
6. Property Condition Report: Current condition assessment and any known defects
7. Required Approvals: List of necessary governmental and regulatory approvals
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Commercial Property
Retail
Industrial
Hospitality
Healthcare
Education
Logistics
Manufacturing
Technology
Professional Services
Banking & Finance
Relevant Teams
Legal
Finance
Real Estate
Operations
Business Development
Investment
Facilities Management
Risk Management
Compliance
Corporate Development
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Real Estate Director
Property Manager
Commercial Director
Business Development Manager
Investment Manager
Facilities Manager
Corporate Counsel
Legal Director
Finance Manager
Asset Manager
Operations Director
Expansion Manager
Property Acquisition Manager
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