Offer to purchase - vacant land

Description

• The offer to purchase is an extremely important document in the negotiations that would lead to the acquisition of a new land.
• It is a contract whereby the purchaser agrees to purchase and in return, the seller, who accepts the offer to purchase, undertakes to sell under the conditions established therein.
• The offer to purchase therefore binds both parties.
• The non-compliance with the offer to purchase may have serious legal consequences for the party who refuses to comply with such a contract; if:
  • The seller refuses to execute the offer to purchase, the purchaser may require the court to force the seller to sell with the conditions specified in the offer to purchase;
  • If the purchaser does not want to perform his obligation anymore, the seller may apply to the court for damages due to the suffered disturbances.
• Although the offer to purchase for a vacant land, available on this website, is a comprehensive document that will normally meet your needs, we also offer, as an option, a review or legal support service.

• For an offer to purchase whereof conditions are more complex, we invite you to contact  .

Summary

Summary of clauses available for the preparation of your offer to purchase.

• Identification of the parties
• Subject matter of the offer to purchase
• Purchase price
• Conditions of the offer to purchase (series of optional conditions, some of which are subject to an additional fee):
  • Financing
  • Assumption of existing obligations
  • Balance of sale price ($)
  • Privilege of continuing to offer the property for sale ($)
  • Acceptance conditional upon the cancellation of another previously accepted offer ($)
  • Waiver of right of first refusal ($)
  • Analysis of the soil bearing capacity
  • Environmental Analysis ($)
  • Zoning verification ($)
  • Rezoning or obtaining permits and licences ($)
  • Soil test prior to the construction of a septic system
• Declarations and obligations of the seller
• Declarations and obligations of the purchaser
• Arrangements for the transfer of ownership and taking possession
• Election of domicile
• Terms of acceptance and signatures