The Closed Deed of Sale is a fundamental legal instrument in Canadian real estate transactions, used when there is a definitive transfer of property ownership from one party to another. This document is particularly important as it represents the final stage of a property transaction, incorporating all agreed-upon terms and conditions that have been negotiated between the parties. The deed must comply with both federal and provincial legislation governing property transfers in Canada, including requirements for registration, transfer taxes, and foreign ownership restrictions. It includes comprehensive details about the property, parties involved, purchase price, payment terms, and various representations and warranties. The Closed Deed of Sale is distinct from other property documents as it represents the actual instrument of transfer, rather than just an agreement to transfer, and once executed and registered, it serves as conclusive evidence of the property transfer.

1. Parties: Identifies and provides full legal names and addresses of the Vendor and Purchaser

2. Background: Establishes the context of the sale, including brief property description and parties' intention to enter into the transaction

3. Definitions: Defines key terms used throughout the deed for clarity and legal certainty

4. Property Description: Detailed legal description of the property being sold, including lot number, plan, and municipal address

5. Purchase Price: States the agreed purchase price and payment terms, including deposit details

6. Transfer of Title: Specifies the conditions and mechanics of transferring legal title from vendor to purchaser

7. Vendor's Representations and Warranties: Lists the vendor's assertions about the property's condition, title, and other material facts

8. Purchaser's Representations and Warranties: Contains purchaser's declarations regarding authority to purchase and financial capability

9. Closing Conditions: Lists conditions that must be satisfied before the sale can complete

10. Closing Date and Procedures: Specifies the date and process for completing the transaction

11. Adjustments: Details how property taxes, utilities, and other expenses will be prorated between parties

12. Risk and Insurance: Addresses responsibility for property risk and insurance requirements until closing

13. Default and Remedies: Outlines consequences and available remedies if either party defaults

14. Notices: Specifies how and where formal notices between parties should be delivered

15. Execution: Formal signing section with space for signatures, witnesses, and dates