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Offer To Purchase Form
"I need an Offer to Purchase Form for a commercial property in Vienna's business district, with specific provisions for existing tenant agreements and a planned closing date of March 15, 2025."
1. Identification of Parties: Full legal names and details of the potential buyer (offeror) and the property owner (offeree), including addresses and contact information
2. Property Details: Precise legal description of the property, including land register details (Grundbuch), property address, and cadastral number
3. Purchase Price: The exact amount offered for the property, currency, and payment terms including any deposits or earnest money
4. Payment Terms: Detailed breakdown of how and when payments will be made, including escrow arrangements and bank financing conditions
5. Closing Date: Proposed date for completion of the purchase and transfer of ownership
6. Due Diligence Period: Timeframe for conducting property inspections, title searches, and other necessary investigations
7. Conditions Precedent: Specific conditions that must be met before the purchase can proceed, such as financing approval or property inspections
8. Offer Validity Period: The period during which the offer remains valid and binding on the offeror
9. Representations and Warranties: Basic statements about the offeror's ability to complete the purchase and comply with Austrian property acquisition laws
1. Mortgage Contingency: Details of financing requirements and conditions, used when the offer is contingent on obtaining specific financing
2. Property Inspection Contingency: Specific terms regarding property inspections and the buyer's right to withdraw based on inspection results
3. Furniture and Fixtures: List of movable items included or excluded from the sale, used when specific items are being negotiated
4. Foreign Buyer Provisions: Additional terms required for non-Austrian buyers, including compliance with Grundverkehrsgesetz requirements
5. Tenant Provisions: Terms relating to existing tenants and leases, used when the property is currently rented
6. Development Conditions: Special conditions relating to future development plans or restrictions, used for undeveloped land or properties with development potential
7. Agricultural Land Provisions: Special conditions required for agricultural land purchases under Austrian law
1. Property Documentation: Land register extract (Grundbuchauszug), cadastral maps, and property plans
2. Condition Report: Current condition of the property and any known defects or issues
3. Financial Schedule: Detailed breakdown of purchase price, deposits, and payment schedule
4. Inventory List: Detailed list of included furniture, fixtures, and equipment, if applicable
5. Due Diligence Checklist: List of required documents and inspections to be completed during the due diligence period
6. Property Photographs: Recent photographs documenting the current state of the property
7. Existing Encumbrances: List of current mortgages, easements, or other encumbrances registered against the property
Authors
Real Estate
Property Development
Banking and Finance
Legal Services
Construction
Property Management
Real Estate Investment
Agricultural Real Estate
Commercial Property
Residential Property
Property Insurance
Legal
Real Estate
Compliance
Property Management
Investment
Acquisitions
Due Diligence
Finance
Risk Management
Operations
Real Estate Agent
Property Lawyer
Legal Counsel
Property Manager
Real Estate Developer
Investment Manager
Property Acquisitions Manager
Real Estate Investment Analyst
Compliance Officer
Notary
Property Surveyor
Mortgage Advisor
Real Estate Portfolio Manager
Real Estate Transaction Manager
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