House For Sale On Contract for Canada

House For Sale On Contract Template for Canada

A comprehensive legal agreement governed by Canadian law that facilitates the sale and purchase of residential property through a contractual arrangement. This document outlines all essential terms and conditions of the property sale, including purchase price, payment terms, property description, warranties, and closing requirements. It incorporates relevant provincial real estate regulations and ensures compliance with local property transfer laws while protecting both buyer's and seller's interests throughout the transaction process. The agreement includes provisions for property inspection, title transfer, and specific conditions that must be met before the sale is finalized.

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What is a House For Sale On Contract?

The House For Sale On Contract is a fundamental legal document used in Canadian residential real estate transactions when transferring property ownership from seller to buyer. This agreement is essential for documenting the terms and conditions of the sale, protecting both parties' interests, and ensuring compliance with federal and provincial real estate laws. It typically includes detailed property descriptions, purchase price, payment terms, conditions of sale, and closing requirements. The document must comply with provincial real estate regulations and may need to address specific requirements depending on the property's location and characteristics. It serves as the primary reference point for all parties involved in the transaction and forms the basis for the eventual transfer of title. The agreement is particularly important in Canadian jurisdictions where real estate transactions must follow strict legal protocols and documentation requirements.

What sections should be included in a House For Sale On Contract?

1. Parties: Identification of the seller and buyer with full legal names and addresses

2. Background: Context of the sale and brief property description

3. Definitions: Key terms used throughout the agreement

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

5. Purchase Price: Total purchase price and payment structure including deposits and final payment

6. Deposit Terms: Details of deposit amount, payment schedule, and holding arrangements

7. Closing Date: Specified date for completion of the sale and transfer of ownership

8. Title and Ownership: Warranties regarding clear title and transfer of ownership

9. Property Condition: Current condition of the property and any warranties or disclaimers

10. Seller's Representations: Declarations regarding property status, liens, and encumbrances

11. Buyer's Representations: Declarations regarding financing and ability to complete purchase

12. Closing Adjustments: Pro-rating of property taxes, utilities, and other expenses

13. Property Insurance: Requirements for insurance coverage until closing

14. Default Provisions: Consequences and remedies for breach of contract

15. Notices: How formal communications between parties should be made

16. Governing Law: Specification of applicable Canadian provincial law

17. Execution: Signature blocks and witnessing requirements

What sections are optional to include in a House For Sale On Contract?

1. Financing Conditions: Used when buyer requires mortgage financing to complete purchase

2. Home Inspection: Include when sale 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 Unit Provisions: Required if property includes tenant-occupied units

5. Swimming Pool/Hot Tub: Special provisions for properties with these features

6. Heritage Property Requirements: Include for properties with heritage designation

7. Environmental Provisions: Used when environmental issues need addressing (e.g., oil tanks, contamination)

8. Fixture and Chattels: Detailed list when specific items are included/excluded from sale

9. Construction Warranties: Include for new construction or recent renovations

10. Foreign Buyer Provisions: Required when buyer is not a Canadian resident

What schedules should be included in a House For Sale On Contract?

1. Schedule A - Property Details: Comprehensive legal description and property boundaries

2. Schedule B - Included Items: List of fixtures and chattels included in the sale

3. Schedule C - Excluded Items: List of items specifically excluded from the sale

4. Schedule D - Title Exceptions: List of permitted encumbrances and easements

5. Schedule E - Property Condition Report: Detailed description of property condition and known issues

6. Schedule F - Recent Improvements: List of renovations and improvements with dates and permits

7. Schedule G - Environmental Disclosure: Environmental assessments or known environmental issues

8. Appendix 1 - Property Survey: Current survey of property boundaries and structures

9. Appendix 2 - Floor Plans: Detailed plans showing property layout and dimensions

10. Appendix 3 - Photographs: Documentary photographs of property condition at time of agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Canada

Publisher

Genie AI

Document Type

Sales Contract

Sector

Sales

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Legal Services

Financial Services

Insurance

Property Development

Construction

Property Management

Mortgage Lending

Title Insurance

Property Appraisal

Real Estate Investment

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Risk Management

Document Processing

Title Administration

Contract Administration

Client Services

Transaction Processing

Property Development

Investment

Relevant Roles

Real Estate Agent

Real Estate Broker

Property Lawyer

Conveyancing Lawyer

Real Estate Paralegal

Mortgage Broker

Property Appraiser

Title Insurance Officer

Real Estate Investment Manager

Property Developer

Real Estate Administrator

Compliance Officer

Legal Document Specialist

Real Estate Transaction Coordinator

Property Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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