KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER LATVIAN LAW –
I. STANDARD FORMS OF AGREEMENT –
A. Offer to Purchase sets forth Buyer’s offer of price and date for closing. Seller may accept or reject.
B. The purchase contract sets forth the terms of purchase and sale, including other things – participants in the transaction, price, allocation of costs of the transaction, settlement procedure, date for closing, encumbrance, and default provisions, and transfer of ownership.
Please see full Chapter below for more information.