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Provide a template for a Real Estate Offer and Acceptance Agreement

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Real Estate Offer and Acceptance Agreement Template

Introduction

This template provides a sample Real Estate Offer and Acceptance Agreement for use in Kenya. It is important to note that this is a general template and may not be suitable for all situations. It is always advisable to consult with a qualified legal professional to ensure that the agreement is tailored to your specific needs.

Parties
Property
Offer
Acceptance
Deposit
Completion
Conditions
Representations and Warranties
Default
Termination
Governing Law and Dispute Resolution
Entire Agreement
Notices
Severability
Waiver
Counterparts
Binding Effect

1. Parties

This Real Estate Offer and Acceptance Agreement ("Agreement") is made and entered into as of [Date] by and between:

[Seller Full Name], residing at [Seller Address], hereinafter referred to as "Seller"; and
[Buyer Full Name], residing at [Buyer Address], hereinafter referred to as "Buyer".

2. Property

The Seller agrees to sell and the Buyer agrees to purchase the following property (the "Property"):

Property Address: [Property Address]
Land Title Number: [Land Title Number]
Property Description: [Property Description]

3. Offer

The Buyer hereby makes an offer to purchase the Property for the purchase price of [Purchase Price] (the "Purchase Price"). The Purchase Price shall be paid as follows:

[Payment Schedule]

4. Acceptance

The Seller hereby accepts the Buyer's offer to purchase the Property on the terms and conditions set forth in this Agreement.

5. Deposit

Upon the execution of this Agreement, the Buyer shall pay to the Seller a non-refundable deposit of [Deposit Amount] (the "Deposit"). The Deposit shall be paid as follows:

[Deposit Payment Method]

6. Completion

The sale of the Property shall be completed on or before [Completion Date] (the "Completion Date"). The Completion Date may be extended by mutual agreement of the parties.

7. Conditions

The completion of the sale of the Property is subject to the following conditions:

[Condition 1]
[Condition 2]
[Condition 3]

8. Representations and Warranties

Each party represents and warrants to the other party that:

[Representation and Warranty 1]
[Representation and Warranty 2]
[Representation and Warranty 3]

9. Default

If either party defaults in the performance of its obligations under this Agreement, the non-defaulting party shall have the right to:

[Default Remedy 1]
[Default Remedy 2]
[Default Remedy 3]

10. Termination

This Agreement may be terminated by either party upon the occurrence of any of the following events:

[Termination Event 1]
[Termination Event 2]
[Termination Event 3]

11. Governing Law and Dispute Resolution

This Agreement shall be governed by and construed in accordance with the laws of Kenya. Any dispute arising out of or relating to this Agreement shall be settled by arbitration in accordance with the Arbitration Act, 1995.

12. Entire Agreement

This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications, representations, or agreements, whether oral or written.

13. Notices

All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered personally, sent by certified mail, return receipt requested, or sent by overnight courier service, addressed as follows:

If to Seller: [Seller Address]
If to Buyer: [Buyer Address]

14. Severability

If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall remain in full force and effect.

15. Waiver

No waiver of any breach of this Agreement shall be deemed a waiver of any subsequent breach.

16. Counterparts

This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

17. Binding Effect

This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

[Seller Signature]

[Seller Printed Name]

[Buyer Signature]

[Buyer Printed Name]

Case Laws

[Case Name] (Source: [Case Law Source]) - This case is relevant because it deals with the issue of [Case Law Issue]. The parties involved were [Parties Involved] and the outcome was [Case Law Outcome].
[Case Name] (Source: [Case Law Source]) - This case is relevant because it deals with the issue of [Case Law Issue]. The parties involved were [Parties Involved] and the outcome was [Case Law Outcome].
[Case Name] (Source: [Case Law Source]) - This case is relevant because it deals with the issue of [Case Law Issue]. The parties involved were [Parties Involved] and the outcome was [Case Law Outcome].

TLDR

Conclusion

Sample Real Estate Offer and Acceptance Agreement

This Real Estate Offer and Acceptance Agreement ("Agreement") is made and entered into as of [Date] by and between:

[Seller Full Name], residing at [Seller Address], hereinafter referred to as "Seller"; and
[Buyer Full Name], residing at [Buyer Address], hereinafter referred to as "Buyer".

1. Property

The Seller agrees to sell and the Buyer agrees to purchase the following property (the "Property"):

Property Address: [Property Address]
Land Title Number: [Land Title Number]
Property Description: [Property Description]

2. Offer