The Commercial Offer to Purchase is a crucial initial document in South African commercial property transactions. It is used when a prospective buyer wishes to formalize their intent to purchase commercial property, whether it be office space, retail premises, industrial facilities, or other commercial real estate. The document must comply with the Alienation of Land Act and other relevant South African legislation, requiring it to be in writing and signed by all parties. It typically includes essential elements such as property description, purchase price, payment terms, conditions precedent, and transfer arrangements. This document serves as the foundation for the subsequent sale agreement and, once accepted by the seller, creates legally binding obligations for both parties. It is particularly important in commercial transactions where significant due diligence and financial arrangements may be required before finalizing the purchase.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Full legal details of the Purchaser and Seller, including registration numbers for companies or ID numbers for individuals
2. Background: Context of the transaction and brief description of the property being offered for purchase
3. Definitions: Definitions of key terms used throughout the document
4. Property Description: Detailed description of the property including erf number, physical address, size, and current zoning
5. Purchase Price: The offered purchase price, payment terms, and deposit requirements
6. Payment Terms: Detailed structure of payments, including deposit, balance, and securing of funding
7. Conditions Precedent: Conditions that must be fulfilled before the agreement becomes legally binding
8. Transfer and Registration: Process and timing for property transfer, appointment of conveyancers, and costs allocation
9. Risk and Possession: Transfer of risk and possession date, obligations regarding insurance
10. Warranties: Standard warranties by both parties regarding the property and authority to contract
11. Breach: Consequences of breach by either party and remedies available
12. Notices and Domicilia: Legal addresses for service of notices and communication requirements
13. General Terms: Standard contractual provisions including whole agreement, variation, and governing law
14. Signature: Execution clauses and signing provisions
1. Tenant Rights: Required if the property is currently leased, detailing existing tenant rights and obligations
2. VAT Provisions: Required if either party is a VAT vendor and the transaction is subject to VAT
3. Due Diligence: Optional section allowing for a due diligence period and related conditions
4. Property Practitioner Commission: Required if a property practitioner is involved, detailing commission arrangements
5. Building Conditions: Optional section for specific provisions regarding building condition or required repairs
6. Environmental Matters: Required for properties with environmental concerns or compliance requirements
7. Development Rights: Optional section dealing with existing or potential development rights
8. Fixtures and Fittings: Optional detailed list of included/excluded fixtures and fittings
1. Property Description Schedule: Detailed technical description of the property including diagrams and zoning certificates
2. Financial Schedule: Detailed breakdown of the purchase price, payment terms, and financial obligations
3. Fixture and Fittings List: Comprehensive list of items included/excluded from the sale
4. Due Diligence Requirements: List of documents and information required for due diligence
5. Existing Lease Agreements: Copies of current lease agreements if property is tenanted
6. Property Compliance Certificates: Required compliance certificates including electrical, gas, electric fence, etc.
7. Title Deed Conditions: Copy of existing title deed conditions and restrictions
8. Building Plans: Approved building plans and certificates of occupancy
Find the exact document you need
Option To Purchase Real Estate Agreement Form
A South African legal agreement granting exclusive rights to purchase specified real estate property under predetermined terms and conditions within a defined timeframe.
Download
Customer List Purchase Agreement
South African agreement for the purchase and transfer of customer lists, ensuring POPIA compliance and data protection.
Download
Letter Of Intent To Purchase (Real Estate)
A preliminary document under South African law expressing intent to purchase property and outlining key proposed terms while maintaining non-binding status for the main transaction.
Download
Membership Purchase Agreement
A South African law-governed agreement establishing terms for membership purchase, compliant with local consumer protection and privacy laws.
Download
Lease To Buy Agreement
A South African law-governed agreement combining property rental and future purchase options, with rental payments contributing to the purchase price.
Download
Wholesale Purchase Contract
A South African law-governed agreement establishing terms for bulk sale and purchase of goods between wholesaler and purchaser.
Download
Agreement To Sell Immovable Property
A legally binding agreement under South African law that documents the terms and conditions for the sale and purchase of immovable property.
Download
Letter Of Intent To Purchase Goods
A preliminary document under South African law expressing intent to purchase specific goods, outlining key terms and conditions for the proposed transaction.
Download
Agreement For Hire Purchase Of A Motor Vehicle
A South African law-governed agreement for the purchase of a motor vehicle through installment payments, with ownership retention by the seller until full payment.
Download
Equipment Purchase Contract
A South African law-governed agreement for the purchase and sale of equipment, including specifications, pricing, delivery terms, and warranties.
Download
Letter Of Intent To Purchase
A South African law-compliant preliminary document expressing formal intention to purchase an asset, property, or business, outlining key terms and conditions of the proposed transaction.
Download
Lease Agreement With Option To Purchase
A South African legal agreement combining property rental terms with an option for the tenant to purchase the property under specified conditions.
Download
Home For Sale By Owner Contract
A South African legal contract for direct property sales between private sellers and buyers, without estate agent involvement.
Download
Conditional Purchase Agreement
A South African law-governed agreement for the purchase of assets or property subject to specific conditions precedent being fulfilled.
Download
Artwork Purchase Agreement
A South African law-governed agreement for the purchase and sale of artwork, addressing ownership transfer, authenticity, and related rights.
Download
Agreement For Sale Of Flat
South African legal agreement for the sale and purchase of sectional title units (flats), compliant with local property laws and regulations.
Download
Agreement For Advance Payment For Purchase Of Goods
South African law-governed agreement establishing terms for advance payment in goods purchase, including payment terms, delivery conditions, and security measures.
Download
Simple Stock Purchase Agreement
A South African law-governed agreement for the basic transfer of shares between parties, outlining essential terms and warranties for straightforward share sales.
Download
Sales Agreement For A Car
A South African law-governed agreement for the sale and purchase of a motor vehicle, ensuring legal compliance and protecting both parties' interests.
Download
Purchase Agreement Letter
A formal letter document under South African law that outlines the terms and conditions of a purchase transaction between parties.
Download
Owner To Owner House Sale Contract
A South African law-compliant contract for the direct sale of residential property between private owners, incorporating all essential elements required by local property legislation.
Download
Non Binding Letter Of Intent To Purchase Product
A non-binding document under South African law expressing intent to purchase products, outlining basic commercial terms and serving as a framework for negotiations.
Download
Cross Purchase Agreement
A South African law-governed agreement establishing terms and procedures for shareholders to purchase shares from other shareholders upon specified events.
Download
Option Purchase Contract Car
A South African law-governed agreement granting the right to purchase a specified vehicle at predetermined terms within a set timeframe.
Download
Lease To Buy Land
South African agreement combining land lease with purchase option, governed by SA property law and consumer protection legislation.
Download
Buy In Agreement
South African law-governed agreement enabling purchase of ownership interest in an existing business, outlining terms of acquisition and shareholder rights.
Download
Sale And Purchase Agreement Spa
A South African law-governed agreement documenting the terms and conditions for the sale and purchase of assets, shares, or property, ensuring legal compliance and protecting parties' interests.
Download
Joint Purchase Agreement For Vehicle
A South African law-governed agreement establishing terms for joint vehicle purchase and ownership between multiple parties, including usage rights and responsibilities.
Download
Agreement Of Sale Document
A South African law-compliant agreement documenting the terms and conditions for the sale and purchase of property or assets.
Download
Truck Lease To Own Agreement
A South African law-governed agreement enabling the lease and eventual purchase of commercial trucks, combining rental terms with purchase conditions under local transportation and credit regulations.
Download
Owner Finance Purchase Agreement
A South African legal agreement where the property seller provides direct financing to the purchaser, combining property sale and financing terms in compliance with local property and credit laws.
Download
Lease Purchase Agreement Car
A South African law-governed agreement combining vehicle lease terms with a purchase option, structured under National Credit Act requirements.
Download
High Purchase Agreement Form
A South African law-compliant agreement for purchasing goods through installments, where ownership transfers upon final payment.
Download
Non Binding Purchase Agreement
A preliminary agreement outlining proposed purchase terms under South African law, explicitly non-binding but providing a framework for future binding agreements.
Download
Option To Purchase Business Agreement
A South African law-governed agreement granting the right to purchase a business under specified terms and conditions within an agreed timeframe.
Download
Co Purchase Agreement
A South African legal agreement governing joint property purchase and ownership between multiple parties, defining rights, obligations, and ownership shares.
Download
Commercial Offer To Purchase
A legally binding document under South African law that initiates a commercial property purchase transaction, outlining key terms and conditions of the proposed purchase.
Download
Purchase Agreement For Car Loan
A South African law-governed agreement combining vehicle purchase and financing terms, compliant with national credit and consumer protection legislation.
Download
Purchase Agreement Car Dealership
A South African law-governed agreement for vehicle sales through dealerships, covering purchase terms, warranties, and ownership transfer in compliance with local regulations.
Download
Option Purchase Agreement Film
A South African law-governed agreement granting exclusive rights to purchase film rights to a property within a specified period.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)