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Legal Letter Format

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    Looking for sample legal letter? We will guide you by giving example, format and tips which will help you in letter writing.

    Offer to purchase letter is one of the legal letter that you need to sign of you are buying or selling a property with real estate agents assistance.

    Real estate agents will seek professional legal advice before proceed to prepare the legal letter template.

    Always seek professional legal advice and real estate agent assistance in property purchase.

    This document has important legal consequences. You should seriously consider having it reviewed by an attorney before signing.

    Sample Legal Letter

    (Print Legal Letter On Corporate Letterhead)

    (Date)

    OFFER TO PURCHASE

    Property Address:

    Property Description:

    I/We have inspected the above mentioned property hereby to purchase the above mentioned property on the following terms and conditions:

    1) Purchase Price: USD 100,000
    (US Dollar) One Hundred Thousand Only

    2) Payment Terms:

    (a) 10% (TEN percent) of the purchase price inclusive of earnest deposit, to be payable upon signing of the Sale & Purchase Agreement.

    (b) Balance of 90% (NINETY percent) to be payable within THREE (3) months from the date of signing Sales & Purchase Agreement or State Authority’s Consent or Developer’s Consent (if applicable), whichever is later.

    (c) In the event that the Purchaser cannot effect the balance of purchase price within the stipulated time frame, the Purchaser shall be given a grace period of ONE (1) month, subject to interest chargeable at 8% (EIGHT percent) per annum on the unpaid balance sum calculated on day to day basis and shall be payable at the time of settlement of the balance of purchase price.

    3) Vacant Possesion: To be given upon full settlement of the purchase price / The property shall be sold with existing tenant(s).

    4) Execution: I hereby undertake to execute the Sale & Purchase Agreement within FOURTEEN (14) working days from the date of acceptance of this offer by the Vendor, failing which the earnest deposit stipulated below shall be forfeited, provided that there is no delay on the part of the Vendor or the Vendor’s solicitors in providing information in regards to the aforesaid property.

    5) Basis: “as is where is” basis.

    6) Title: The registrable title of document shall be free from encumbrances

    7) Other Conditions:

    I/We enclose herewith the sum of USD 2,000 (Cheque No: 123456) equivalent to 2% (TWO percent) of purchase price payable to (REAL ESTATE COMPANY) as stakeholder being the earnest deposit towards the purchase of the aforesaid property. This sum shall constitute as part payment towards item 2(a). I the event that the Vendor rejects this offer, the earnest deposit shall be refunded to me immediately without any interests. If I/We subsequently cancel, withdraw, abort or fail to proceed further in this transaction after the acceptance of this offer by the Vendor, I/We with no objection to let the Vendor forfeit all the deposit we have paid. I/We also undertake to pay the legal and stamping costs of Sale & Purchase Agreement. *All payments shall be in the form of either Bank Draft/Money Order/Cheque made payable only to (REAL ESTATE COMPANY)

    Purchaser(s) Signature

    _____________________
    Name:
    IC No:

    Witness by

    _____________________
    Name:
    IC No:

    Vendor(s) Acceptance

    I/We, the registered proprietor(s) of the aforesaid property hereby accept the Purchaser’s offer on the terms and conditions stated thereof. In the event that I/We refuse to sell the above mentioned property after having accepted this offer, I/We shall immediately refund the earnest deposit to the purchaser(s) plus liquidated damages (compensation) equivalent to the earnest deposit. I/We will bear our own solicitor’s fee and related expenses including the costs incurred in getting the developer’s consent (if applicable).

    Vendor(s) Signature

    _____________________
    Name:
    IC No:

    Witness by

    _____________________
    Name:
    IC No:

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