Date : _____________________
Intended Buyer (s)
Name : ____________________________ IC No: __________________
____________________________ IC No: __________________
____________________________ IC No: __________________
Address: __________________________________________________________
__________________________________________________________
__________________________________________________________
To:
[Name of Legal Firm]
Dear Sir/Madam,
IRREVOCABLE OFFER TO PURCHASER PROPERTY
Developer : [Insert Name of Developer]
Proposed Project : Residential units known as [Insert Name of Project] (which name is subject to changes) erected on all that freehold land held under _____________________ Master Title Geran Mukim No. Hakmilik: [Insert Property Description]
Property : Level : _____________, Unit No.: ___________,
Estimated Area _________________
(subject to availability of the unit)
Indicative Purchase Price : RM ______
Irrevocable Letter of Offer, between Developer & Purchaser, Pre-Contractual Arrangements V1
1. With reference to the above matter, kindly be informed of the following:-
1.1 I/We hereby write to inform you of my/our sincere intention to purchase (insert name of property) from the Developer of the abovesaid Property (“the Property”) comprised in the Proposed Project [which I/we understand that the respective Level, Unit No., and the address of the Property are still subject to the Authority’s approval] at the Indicative Purchase Price; and
1.2 The Developer has informed me/us that the Property is currently not open for sale and therefore the Developer is not accepting any bookings or any monies or payment in respect of any units in the Proposal Project.
2. Notwithstanding that, in anticipation of the sale that would be open to interested buyers, I/we would like to hereby appoint your good office to manage and to procure the abovesaid Property from the Developer for me/us and/or on my/our behalf at the above Indicate Purchase price when the Developer is ready to sell the Property.
3. To facilitate my/our offer to purchase the Property and in consideration of you agreeing to assist me/us, I/we shall deposit the sum of RINGGIT MALAYSIA TEN THOUSAND ONLY (RM 10,000.00 (“Stakeholder Sum”) vide ____[bank]____________ cheque no. ______________ issued in favour of [Insert Name of Legal Firm] (CLIENT’S A/C), with my/our irrevocable instructions to you, to release the Stakeholder Sum to Developer upon the Developer’s confirmation that the units in the project is open for sale for the Developer’s consideration and acceptance of my/our offer to purchase the Property and towards settlement of the first 10% of the Purchase Price in accordance with the terms contained herein.
4. Pending the Developer’s confirmation of their agreement to sell the Property to me/us, kindly note that you are hereby instructed to inform the Developer in writingof my/our intention to purchase the abovesaid Property and to liaise with the Developer with the intention of securing the purchase of the above said Property.Upon Developer’s confirmation to accept my/our offer to purchase, you are hereby authorised to commit on my/our behalf the purchase of the abovesaid Property.
5. I/We understand that upon your acceptance of this letter, you will make arrangement and take necessary step to liaise with the Developer to procure the Property on my/our behalf and you will have expended time, effort and money in that regards.Upon your acceptance of this letter, in the event that you shall succeed in procuring the Developer to sell to me/us and I/we shall fail to execute the Sale and Purchase Agreement and/or any related documents within the stipulated time or fail to proceed with the purchase of the Property in any manner whatsoever, the said StakeholderSum shall be subject to administration charges and stakeholder fees of RM1,000-00.
6. I/We shall not hold you responsible in any way for acting on my/our instruction in accordance with Paragraph 3 herein.
7. I/We undertake to pay the Developer the sum of balance payment towards the first 10% of the Purchase Price in respect of the Property and further undertake and agree to execute the Sale and Purchase Agreement and other relevant documents within SEVEN (7) days upon written notification from the Developer or your good office to do so, failing which the Developer will have the liberty to deal with the Property in any manner as it shall deem fit as if this agreement has not been entered into and neither party hereto shall have any claim against the other for costs, loss, damages, compensation or otherwise whatsoever.
8. I/We am/are fully aware that this irrevocable offer to purchase is not transferable and that the Developer prohibits strictly any transfer / assignment of this offer to
purchase to any third party without the prior written consent from the Developer. In any event, the Developer shall have the absolute discretion to reject any application to transfer / assign this irrevocable offer to purchase any third party without assigning any reason thereto.
9. I/We agree and is/are aware that the Developer is authorized to make changes or amendments to the plans for the Property as prescribed by the relevant authorities and/or as deemed expedient by the Developer’s consultant at their absolute discretion and accordingly to the relevant plans referred to in the Sale & Purchase Agreement and all related documents thereto.
Thank you.
Yours faithfully,
………………………………….. ………………………………….
Name: Name:
NRIC No.: NRIC No.:
ACCEPTANCE
We, [Insert Name of Legal Firm] hereby confirm, agree and accept the above terms and conditions.
