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1. Parties: Identification and details of the buyer (offeror) and seller (offeree), including full legal names, addresses, and contact information
2. Background: Context of the transaction and brief description of the property being offered to purchase
3. Definitions: Key terms used throughout the document defined for clarity and legal certainty
4. Property Description: Detailed description of the property including address, land title details, dimensions, and registration particulars
5. Purchase Price: The offered amount and payment terms, including deposit requirements and payment schedule
6. Due Diligence Period: Timeframe and terms for conducting property investigations, title searches, and surveys
7. Conditions Precedent: Conditions that must be satisfied before the transaction becomes binding
8. Completion Terms: Timeline and requirements for completing the transaction
9. Seller's Warranties: Warranties regarding property ownership, encumbrances, and condition
10. Buyer's Warranties: Warranties regarding financial capacity and authority to enter into the transaction
11. Default and Remedies: Consequences of breach by either party and available remedies
12. Governing Law: Specification of Nigerian law as governing law and jurisdiction
13. Execution: Signature blocks and execution requirements
1. Mortgage Contingency: Include when buyer's offer is contingent on obtaining mortgage financing
2. Property Inspection Contingency: Include when offer is subject to satisfactory property inspection results
3. Fixtures and Fittings: Include when specific items are to be included or excluded from the sale
4. Tenant Rights: Include when property is currently tenanted
5. Land Use Approval: Include when purchase is contingent on obtaining specific land use approvals
6. Environmental Matters: Include when environmental assessments or clearances are required
7. Development Rights: Include when specific development rights are part of the transaction
8. Agent Commission: Include when real estate agents are involved in the transaction
1. Property Details Schedule: Detailed description of the property including boundaries, features, and specifications
2. Title Documents: List of all relevant title documents and certificates
3. Payment Schedule: Detailed breakdown of payment terms and installments
4. Fixtures and Fittings List: Inventory of items included in or excluded from the sale
5. Property Condition Report: Current condition of the property and any known defects
6. Land Use Particulars: Details of current and permitted land use under Nigerian law
7. Required Consents: List of necessary governmental and regulatory approvals
8. Outstanding Charges: Details of any existing charges, taxes, or encumbrances on the property
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