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Draft Letter of Offer

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SPECIMEN LETTER OF OFFER FOR SALE OF PLOTS

Date: ………………………..

Applicant’s Name and Address
………………………………
…………………………………….
…………………………………….
……………………………...

Dear Sir

Re:SALE OF PROPERTY SITUATE ON SUBDIVISION OF FARM 382a IBEX HILL LUSAKA – K__________________________

Following your successful application for the above property we are pleased to offer you the said property for sale subject to contract on the following terms and conditions;

Price:
The Vendor is Meanwood Property Development Corporation Limited

The Purchaser is


The purchase price is ………….. Million Kwacha (K …………………….) payable within …… days from the date of this letter.

The Purchaser may pay the full purchase price aforesaid whereupon the Vendor shall give the Purchaser immediate vacant possession of the property hereby contracted to be sold.

The Parties hereto acknowledge that the Vendors are currently engaged in the process of obtaining in their name the Certificate of Title in respect of the property hereby contracted to be sold from the Commissioner of Lands.

The Parties acknowledge that this is merely a letter of intention to enter into a Contract of Sale and accordingly until the full purchase price is paid the Vendor shall be at liberty to withdraw this offer without assigning any reasons therefore and without any notice. In any event if the full purchase price will not have been received within the stipulated …… days this offer will forthwith be rescinded.

Once the full purchase price has been paid in accordance with the provisions of this letter of offer the parties shall enter into a formal detailed Contract of Sale a specimen of which is attached hereto for your information. Kindly be advised that the terms and conditions contained in the specimen aforesaid are not negotiable.

If this offer is withdrawn due to the default or breach of any condition contained herein by the offeree all monies paid by the offeree shall be refunded less the equivalent of 10% of the purchase price to cover administrative expenses.

If you accept the above mentioned terms and conditions please sign and return the enclosed copy of this letter within 7 days hereof or this offer will stand withdrawn.

Yours faithfully
Meanwood Property Development Corporation Limited

CHIEF EXECUTIVE OFFICER

ACCEPTANCE

Full Names and Address

…………………………………………..

………………………………………….

…………………………………………


Signature:………………………………


Date:…………………………………….

 

Copyright © 2006 Meanwood Property Development Limited.