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Real Estate Offer And Acceptance Form
"I need a Real Estate Offer and Acceptance Form for purchasing a commercial property in Makati City, Philippines, with a phased payment structure and a closing date of March 15, 2025; the form should include specific conditions about current tenant agreements and property maintenance obligations."
1. Parties: Identification of the seller(s) and potential buyer(s) with complete legal names and addresses
2. Background: Brief context of the transaction and confirmation that the seller owns/has authority to sell the property
3. Definitions: Key terms used throughout the document defined for clarity
4. Property Description: Detailed description of the real estate property including lot number, location, boundaries, and title details
5. Purchase Price: The offered amount and payment terms, including any earnest money deposit
6. Payment Terms: Structure of payment including deadlines, method of payment, and installment details if applicable
7. Offer Validity Period: Duration for which the offer remains valid and deadline for acceptance
8. Conditions of Sale: Essential conditions that must be met for the sale to proceed
9. Property Inspection: Terms regarding buyer's right to inspect the property and timeline
10. Representations and Warranties: Seller's declarations regarding property condition, ownership, and encumbrances
11. Closing Terms: Requirements and timeline for closing the transaction
12. Default and Remedies: Consequences of default by either party and available remedies
13. Acceptance: Space for formal acceptance of the offer by the seller
14. Execution: Signature blocks for all parties and witnesses
1. Financing Contingency: To be included when the buyer's offer is contingent on obtaining financing
2. Sale of Existing Property Contingency: Used when buyer's offer is contingent on selling their current property
3. Tenant Rights: Required when the property is currently occupied by tenants
4. Homeowners Association: Include when property is part of an HOA or condominium association
5. Construction/Renovation Terms: For properties requiring specific construction or renovation before closing
6. Broker Representation: When real estate brokers are involved in the transaction
7. Foreign Ownership Compliance: Required when buyer is a foreign national, addressing ownership restrictions
8. Property Management: For properties with existing management arrangements that need to be addressed
1. Property Details Schedule: Comprehensive technical description of the property including lot size, boundaries, and improvements
2. Payment Schedule: Detailed breakdown of payment terms including amounts and due dates
3. Title Documents: Copies of relevant property titles and certificates
4. Property Inspection Report: Results of any property inspections conducted
5. List of Fixtures and Fittings: Detailed inventory of items included/excluded in the sale
6. Property Tax Certificates: Current tax declarations and payment status
7. Encumbrances Certificate: List of any existing liens, mortgages, or other encumbrances
8. Environmental Compliance: Any required environmental clearances or certificates
Authors
Residential Real Estate
Commercial Real Estate
Industrial Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Insurance
Property Management
Real Estate Investment
Urban Development
Property Technology
Agricultural Real Estate
Legal
Real Estate
Property Management
Sales
Business Development
Compliance
Finance
Operations
Investment
Documentation
Risk Management
Asset Management
Real Estate Agent
Real Estate Broker
Property Manager
Legal Counsel
Conveyancing Lawyer
Property Developer
Real Estate Investment Manager
Property Acquisition Manager
Real Estate Transaction Coordinator
Title Officer
Property Appraiser
Compliance Officer
Real Estate Portfolio Manager
Business Development Manager
Real Estate Administrator
Sales Director
Property Consultant
Real Estate Analyst
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