Deposit Conditional Field Contract For Free

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When you write a conditional Offer to Purchase, it means you want to buy the property but before making it a firm sale, you want the ability and time to review or confirm information. Some common conditions include home inspection, financing, and a review of condominium documents (if buying a condominium).

A conditional offer is an agreement between two parties that an offer will be made if a specific condition is met. Conditional offers are used in real estate transactions whereby a buyer's offer on a home is contingent on something getting done for the purchase to go through.

A contingent contract is a prototype of a conditional contract. Section 31 of the Act further solidifies its conditional nature by defining it as a contract to do or not to do something, if some event, collateral to such contract, does or does not happen.