The Contract for Sale of House and Land is a fundamental legal document used in Canadian real estate transactions to formalize the sale and purchase of residential property. This agreement is essential when transferring ownership of real property and must comply with both federal and provincial legislation, including the Land Titles Act and various consumer protection laws. The document serves as a comprehensive record of the transaction terms, including property description, purchase price, closing conditions, and obligations of both parties. It is designed to protect both the vendor's and purchaser's interests while ensuring legal compliance and proper documentation of the property transfer. The agreement must be drafted with careful consideration of local real estate practices, zoning requirements, and specific provincial regulations that may affect the transaction.
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1. Parties: Identification of the vendor and purchaser with full legal names and addresses
2. Background: Context of the transaction and brief property description
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed legal description of the property and included fixtures/chattels
5. Purchase Price: Statement of purchase price, deposit requirements, and payment terms
6. Deposit: Details of deposit amount, payment timing, and handling of funds
7. Closing: Closing date, time, and location specifications
8. Title: Requirements for clear title and handling of title issues
9. Representations and Warranties: Vendor's representations about property condition and ownership
10. Property Condition: Statement of property condition and inspection rights
11. Risk: Risk allocation until closing and insurance requirements
12. Adjustments: Details of tax, utility, and other closing adjustments
13. Closing Deliverables: List of documents and items to be delivered at closing
14. Default: Consequences of default by either party
15. Notices: How and where notices must be delivered
16. General Provisions: Standard contract terms including governing law, assignment, etc.
1. Financing Condition: Used when purchase is conditional on buyer obtaining mortgage financing
2. Home Inspection Condition: Used when purchase is conditional on satisfactory home inspection
3. Sale of Buyer's Property: Used when purchase is conditional on buyer selling their existing property
4. Rental Properties: Used when property includes tenant-occupied units
5. Swimming Pool/Hot Tub: Used when property includes these specific features
6. Environmental Matters: Used when there are specific environmental concerns or requirements
7. Heritage Requirements: Used for properties with heritage designation
8. Condominium Provisions: Used when property is a condominium unit
9. GST/HST Requirements: Used for new construction or commercial properties
10. Subdivision Requirements: Used when property requires subdivision approval
1. Schedule A - Legal Description: Detailed legal description of the property from land registry
2. Schedule B - Included Chattels: List of moveable items included in the sale
3. Schedule C - Excluded Fixtures: List of attached items specifically excluded from sale
4. Schedule D - Existing Encumbrances: List of registered encumbrances that will continue after closing
5. Schedule E - Rental Units Information: Details of any rental units including leases and deposits
6. Schedule F - Property Condition Disclosure: Vendor's disclosure of known property conditions
7. Schedule G - Maintenance Contracts: List of transferable maintenance contracts
8. Schedule H - Title Search: Results of title search and any identified issues
9. Appendix 1 - Property Survey: Current survey of the property
10. Appendix 2 - Floor Plans: Current floor plans of the buildings
Relevant legal definitions
Agreement
Property
Lands
Buildings
Improvements
Fixtures
Chattels
Purchase Price
Deposit
Balance Due on Closing
Closing
Closing Date
Completion Date
Adjustments
Title
Permitted Encumbrances
Property Taxes
HST/GST
Vendor
Purchaser
Real Estate Agent
Legal Representative
Survey
Title Insurance
Possession Date
Registration
Land Registry Office
Requisition Date
Statement of Adjustments
Transfer/Deed
Business Day
Default
Force Majeure
Warranties
Representations
Notice
Included Items
Excluded Items
Vacant Possession
Easements
Encroachments
Zoning
Property Condition
Environmental Matters
Utilities
Common Expenses
Interest Adjustment Date
Tender
Time of Essence
Risk
Insurance
Municipality
Occupancy Permit
Purchase Agreement
Deed of Land
Property
Lands
Buildings
Improvements
Fixtures
Chattels
Purchase Price
Deposit
Balance Due on Closing
Closing
Closing Date
Completion Date
Adjustments
Title
Permitted Encumbrances
Property Taxes
HST/GST
Vendor
Purchaser
Real Estate Agent
Legal Representative
Survey
Title Insurance
Possession Date
Registration
Land Registry Office
Requisition Date
Statement of Adjustments
Transfer/Deed
Business Day
Default
Force Majeure
Warranties
Representations
Notice
Included Items
Excluded Items
Vacant Possession
Easements
Encroachments
Zoning
Property Condition
Environmental Matters
Utilities
Common Expenses
Interest Adjustment Date
Tender
Time of Essence
Risk
Insurance
Municipality
Occupancy Permit
Purchase Agreement
Deed of Land
Clauses
Property Description
Purchase Price
Payment Terms
Deposit
Title Transfer
Property Inspection
Representations and Warranties
Conditions Precedent
Property Insurance
Risk Transfer
Default and Remedies
Closing Conditions
Property Adjustment
Tax Matters
Environmental Compliance
Municipal Compliance
Property Access
Utilities and Services
Assignment
Notice
Force Majeure
Dispute Resolution
Governing Law
Amendment
Severability
Entire Agreement
Property Rights
Encumbrances
Due Diligence
Property Possession
Title Insurance
Indemnification
Survival
Time of Essence
Further Assurances
Legal Costs
Registration
Purchase Price
Payment Terms
Deposit
Title Transfer
Property Inspection
Representations and Warranties
Conditions Precedent
Property Insurance
Risk Transfer
Default and Remedies
Closing Conditions
Property Adjustment
Tax Matters
Environmental Compliance
Municipal Compliance
Property Access
Utilities and Services
Assignment
Notice
Force Majeure
Dispute Resolution
Governing Law
Amendment
Severability
Entire Agreement
Property Rights
Encumbrances
Due Diligence
Property Possession
Title Insurance
Indemnification
Survival
Time of Essence
Further Assurances
Legal Costs
Registration
Relevant Industries
Real Estate
Legal Services
Financial Services
Insurance
Construction
Property Development
Property Management
Banking
Public Sector
Professional Services
Relevant Teams
Legal
Real Estate
Compliance
Risk Management
Property Management
Finance
Operations
Administrative Support
Document Management
Investment
Due Diligence
Relevant Roles
Real Estate Lawyer
Property Lawyer
Real Estate Agent
Real Estate Broker
Legal Counsel
Conveyancer
Property Manager
Real Estate Transaction Coordinator
Mortgage Specialist
Title Examiner
Real Estate Paralegal
Compliance Officer
Legal Administrator
Property Developer
Real Estate Investment Manager
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