Putting In An Offer
So you’ve found the perfect property to buy or rent! You are almost half way there!
Submitting An Agreement
AGREEMENT TO LEASE
This is an agreement between the tenant, the owner, and the agent. It outlines the following:
- Names of the parties
- The property address
- The rental price and the deposit amount
- The amount of commission offered to your agent
- The closing date
- Schedules (Clauses which might include additional items or services included in the lease, special provisions, additional representation, or any conditions of lease from either the owner or the leaser)
It is the responsibility of the agents of the owner and leaser to make sure that all information presented on this agreement is accurate.
Accepting an Offer
The agreement is signed by the buyer and their agent, then sent to the listing agent to present to the seller. It is then the responsibility of the owner to review the agreement and either accept or deny the offer. There are often negotiations between the buyer and seller and their agents to sort out various aspects of sale including price and extra inclusions. If accepted, the owner will sign and their agent will let your agent know that the offer has been accented. (In both leases and purchases, the owner is referred to as the seller and the tenant/buyer is referred to as the buyer)