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Thread: Offer to Purchase Document

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    Gold Member Singhms's Avatar
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    Offer to Purchase Document

    Hi Everyone,

    Does anyone have an offer to purchase document that they can pass onto me to use as a base?

    I will provide my email address.

    Thanks in advance.

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    Gold Member garthu's Avatar
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    Hiya,

    CNA has a standard pre-print that you can buy there. From what i remember was OK but don't know if it is updated with NCA etc. Also there is one on www.offertopurchase.co.za I think it is about R50 for that one or there abouts.
    Garth

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    Site Caretaker Dave A's Avatar
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    Offer to purchase what, exactly?
    The trouble with opportunity is it normally comes dressed up as work.

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    Gold Member garthu's Avatar
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    Haha GOOD POINT! It's nice to see how many view points there actually are when neutral. In my view there is only ONE OTP... property. Kinda realise could be selling pets
    Garth

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    Gold Member Singhms's Avatar
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    Hi,

    Sorry about that, its an offer to purchase for a filling station.

    Thanks

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    Also try:

    http://www.agreementsonline.co.za

    Presumably you are dealing via a business broker - do they not already have the necessary documents?

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    Gold Member Singhms's Avatar
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    They do but it is for a offer to purchase property, i think its the first time they are selling a business. I have asked them to get the correct document. but in the mean time i am trying to see if i can get one.

    Another quick Q: Is it normal for the broker to request a deposit that will be held in the sellers lawyers account where commission will be paid out before the deal is concluded ?

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    Gold Member garthu's Avatar
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    If i'm not mistaken, i think this needs a specific agreement drawn up specifically for the occasion. Think Sieg is the right person here...
    Garth

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    Site Caretaker Dave A's Avatar
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    J - I've emailed you a generic sale of business agreement template (one of the privileges of being an admin - I can hunt down your email address). But as Garth points out, this is the sort of thing where a lawyer could be a very worthwhile investment.

    On deposits held by lawyers, as long as it is held in their trust account you should be fine. If you're not sure of their credentials, you can ask for a copy of their (fidelity?) certificate. I know they can't play around with trust moneys without running the risk of pretty severe consequences.
    The trouble with opportunity is it normally comes dressed up as work.

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    Site Caretaker Dave A's Avatar
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    Quote Originally Posted by garthu View Post
    It's nice to see how many view points there actually are when neutral. In my view there is only ONE OTP... property.
    Even in property, aren't there subtle differences between free hold, share block and sectional title?
    The trouble with opportunity is it normally comes dressed up as work.

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