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Commercial Real Estate Offer To Purchase
"I need a Commercial Real Estate Offer to Purchase under Belgian law for acquiring a logistics warehouse in Brussels, with specific environmental compliance clauses and accommodation for existing tenant rights until March 2025."
1. Parties: Identification of the buyer and seller, including full legal names, addresses, and registration numbers for legal entities
2. Background: Context of the transaction and brief description of the property being offered to purchase
3. Definitions: Definitions of key terms used throughout the document
4. Property Description: Detailed description of the property, including address, cadastral details, and current usage
5. Purchase Price: Specified purchase price, payment terms, and deposit requirements
6. Due Diligence Period: Timeframe and conditions for conducting property investigations and reviews
7. Conditions Precedent: Essential conditions that must be met before the purchase can proceed
8. Closing Terms: Specific requirements and timeline for completing the transaction
9. Representations and Warranties: Statements of fact and guarantees from both parties regarding the property and their capacity to enter into the agreement
10. Default and Remedies: Consequences and available remedies in case of breach by either party
11. Notices: Method and addresses for formal communications between parties
12. Governing Law: Confirmation of Belgian law application and jurisdiction
13. Execution: Signature blocks and execution requirements
1. Tenant Rights: Required when the property has existing tenants, detailing their rights and impact on the sale
2. Environmental Conditions: Required when there are known environmental issues or when the property's previous use necessitates environmental investigations
3. Financing Contingency: Include when the purchase is contingent on the buyer obtaining specific financing
4. Property Management: Required when there are interim management arrangements between offer acceptance and closing
5. VAT Elections: Include when the transaction may be subject to VAT instead of registration duties
6. Urban Planning Contingencies: Required when specific permits or zoning changes are needed
7. Asset vs. Share Deal: Include when the transaction could be structured as either an asset or share purchase
1. Property Plans: Official cadastral plans and property measurements
2. Title Documents: Recent title deed and property registration details
3. Environmental Reports: Soil certificates and environmental assessment results
4. Existing Leases: Copies of current lease agreements affecting the property
5. Property Condition Report: Current state of the property and any known defects
6. Urban Planning Certificates: Zoning certificates and building permits
7. Energy Performance Certificate: Mandatory energy performance assessment documentation
8. Technical Installations: Inventory and maintenance records of building systems
9. Property Charges: Details of property taxes, utilities, and other ongoing charges
Authors
Real Estate
Retail
Industrial
Hospitality
Office Space
Logistics
Manufacturing
Healthcare
Education
Banking & Financial Services
Professional Services
Legal
Real Estate
Finance
Operations
Business Development
Risk & Compliance
Facilities Management
Corporate Development
Investment
Asset Management
Real Estate Director
Chief Financial Officer
Property Manager
Facilities Manager
Commercial Director
Legal Counsel
Business Development Manager
Investment Manager
Asset Manager
Operations Director
Expansion Manager
Corporate Real Estate Manager
Risk Manager
Compliance Officer
Real Estate Investment Analyst
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