Which document must include the asking price and material terms of the sale in a DOPA offer?

The document that must include the asking price and material terms of the sale in a DOPA offer is the Offer of Sale. This document serves as a formal proposal from the seller to potential buyers, outlining not only the price at which the property is being offered but also key conditions and terms associated with the sale. This ensures that all parties have a clear understanding of what is being presented and the specifics involved in the transaction.

By explicitly detailing these elements, the Offer of Sale facilitates informed decision-making for both buyers and sellers and provides a basis for negotiation. This is critical in real estate transactions to avoid misunderstandings and to establish a transparent framework for moving forward with the sale.

The other options, while important in their contexts, do not pertain to outlining the asking price and material terms of the sale. A rental agreement focuses on leasing terms, the management contract deals with property management responsibilities, and a tenant lease pertains to rental arrangements, none of which would typically contain the specifics about a property sale as required for DOPA offers.