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Offer to Purchase Property

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Do You Need An Offer to Purchase Property (OTP)?

An OTP is the most crucial document in a property sale. When signed by both the buyer and the seller, it immediately becomes a legally binding Sale Agreement.

Our robust contract ensures that all terms are clear, compliant, and protect your interests, preventing future disputes.

  • Our contracts will stand
    up in court.
  • 100% Legally Compliant.
  • Our system ensures data
    consistency.
  • Backed by 40 years of
    legal experience.
What Your Contract Covers
  • Identities and Property Details
  • The Purchase Price
  • Suspensive Conditions (Safeguards)
  • Occupation and Rent
  • "Voetstoots" Clause
  • Compliance Certificates
  • Transfer Process
First step: Download your checklist
Get organised first to build the most legally compliant Offer to Purchase Property possible.
Download our Checklist PDF and use it to collect all relevant data before you build and purchase your contract.
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Ready to get started?
Once you have provided all your data for your contract, you will be able to download
it as a PDF for printing & signing. It will be availble in your account anytime.
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OFFER TO PURCHASE

Welcome to the Easycontracts.net Offer To Purchase generator.

Easy Contracts Offer To Purchase (OTP) Agreement

An Offer to Purchase (OTP) is a formal agreement that facilitates the transaction of property between a buyer and a seller. While navigating such agreements requires attention to detail to avoid common pitfalls, Easy Contracts simplifies the process with its carefully structured offer to purchase documents.

Key elements typically included in an Offer to Purchase are:

  1. Identification of the contracting parties.
  2. The property's description or address.
  3. Details of the purchase price, payment methods, and timelines.
  4. Conditions precedent, like securing a mortgage or the sale of a current property.
  5. Responsibilities of both seller and buyer concerning the sale, including:
  • The seller's duty to pay all rates and taxes until the transfer and to provide necessary compliance certificates (e.g., electrical, electrical fence, gas compliance, and, for coastal properties, possibly entomologist and water compliance certificates).
  • The buyer's obligations, such as executing documents, covering costs, and paying transfer duties as required by the conveyancer.
  1. Information on the legal representation for the transfer process and their role.
  2. Specifics on withholding tax for non-residents selling property valued over R2-million in South Africa.
  3. Tax compliance details concerning the South African Revenue Service (SARS).
  4. Terms about occupation and possession, including arrangements for early occupation and related rent.

The Easy Contracts platform offers an efficient and cost-effective way to secure your property transaction, complemented by access to legal advice through our "Lawyer on Tap" service for any queries you might have.

Hassle-Free Legal Contracts At An Affordable Price!