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Real Estate Purchase Offer
"I need a Real Estate Purchase Offer for a commercial property in Auckland CBD, with specific provisions for existing tenants and a proposed settlement date in March 2025; the property is GST-registered and includes multiple retail units."
1. Parties: Identification of the purchaser making the offer and the vendor, including full legal names, addresses, and contact details
2. Background: Brief context of the proposed purchase and property overview
3. Definitions and Interpretation: Key terms used throughout the document and rules for interpretation
4. Property Details: Full legal description of the property, including certificate of title details, street address, and land area
5. Purchase Price: The offered purchase price, payment structure, and deposit details
6. Conditions Precedent: Essential conditions that must be satisfied before the agreement becomes unconditional, including finance, building inspection, and LIM report
7. Due Diligence: Buyer's right to investigate the property and timeframe for completing investigations
8. Settlement: Settlement date, completion requirements, and possession arrangements
9. Property Transfer: Process and requirements for transferring title and registration
10. Warranties and Undertakings: Standard warranties from both parties regarding the property and capacity to enter into the agreement
11. Default and Remedies: Consequences of default by either party and available remedies
12. General Provisions: Standard contractual provisions including notices, governing law, and entire agreement clause
1. Chattels: Detailed list of moveable items included in the sale, used when specific chattels are being included or excluded
2. Tenancy Details: Information about existing tenancies, used when the property is sold with tenants in place
3. GST Provisions: GST treatment of the transaction, required when either party is GST registered or the property is part of a taxable activity
4. Overseas Investment Conditions: Additional conditions for overseas buyers, required when the purchaser is an overseas person under the Overseas Investment Act
5. Body Corporate: Details of body corporate arrangements, required for unit title properties
6. Development Provisions: Special conditions relating to property development, used when the property has development potential or restrictions
7. Vendor Finance: Terms of any vendor financing arrangement, used when the vendor is providing financing for the purchase
1. Schedule 1: Property Details: Comprehensive property description including boundaries, easements, and encumbrances
2. Schedule 2: Chattels List: Detailed inventory of all chattels included in the sale
3. Schedule 3: Special Conditions: Any special conditions or variations to the standard terms
4. Schedule 4: Due Diligence Checklist: List of investigations and documents to be reviewed during due diligence
5. Appendix A: Title Documents: Copy of the certificate of title and relevant title documents
6. Appendix B: LIM Report: Land Information Memorandum report when obtained
7. Appendix C: Property Plans: Floor plans, site plans, and survey plans where relevant
8. Appendix D: Property Inspection Report: Building inspection report when obtained as a condition
Authors
Real Estate
Property Development
Construction
Financial Services
Legal Services
Property Management
Banking
Investment
Insurance
Professional Services
Legal
Real Estate
Property Management
Acquisitions
Investment
Finance
Compliance
Risk Management
Operations
Business Development
Commercial
Real Estate Agent
Property Lawyer
Conveyancing Lawyer
Property Manager
Real Estate Broker
Property Developer
Investment Manager
Bank Manager
Mortgage Broker
Legal Counsel
Property Valuer
Commercial Property Manager
Real Estate Investment Advisor
Compliance Officer
Risk Manager
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