The Quick Sale Deed is a specialized legal instrument utilized in Canadian real estate transactions where parties seek to expedite the property transfer process. This document type is particularly valuable in situations requiring rapid completion, such as time-sensitive sales, simple property transfers, or transactions with minimal contingencies. While more streamlined than traditional property transfer documents, the Quick Sale Deed must still adhere to provincial regulations and contain all legally required elements for property transfer. It typically includes essential information such as party details, property description, consideration amount, and necessary declarations, while potentially omitting more complex provisions found in full purchase agreements. The document's jurisdiction-specific nature requires compliance with provincial land transfer laws and registration requirements, making it essential to adapt the deed's content to the specific Canadian province where the property is located.
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1. Parties: Identification of the Grantor (seller) and Grantee (buyer) with their full legal names and addresses
2. Recitals: Brief statement establishing the Grantor's ownership and right to transfer the property
3. Consideration: Statement of the purchase price or other consideration being paid for the property
4. Granting Clause: Legal language that actually transfers the property from Grantor to Grantee
5. Property Description: Detailed legal description of the property being transferred, including lot number, subdivision, and reference to recorded plat if applicable
6. Title Warranty: Statement of the type of title being conveyed and any warranties of title being made
7. Execution: Signature block for Grantor(s) with notary acknowledgment
1. Spousal Consent: Required if the property is in a province requiring spousal consent for property transfer or if it's a matrimonial home
2. Reserved Rights: Used when Grantor is retaining certain rights to the property (e.g., mineral rights, easements)
3. Environmental Declarations: Required in some jurisdictions or when there are known environmental issues
4. Foreign Ownership Declaration: Required when the Grantee is a non-resident of Canada
5. HST/GST Declaration: Required for properties subject to HST/GST taxation
1. Schedule A - Legal Description: Detailed metes and bounds or survey description of the property if too lengthy for main document
2. Schedule B - Permitted Encumbrances: List of existing encumbrances that will continue after the transfer
3. Schedule C - Property Sketch: Survey or plot plan of the property when required
4. Appendix 1 - Tax Certificate: Current property tax certificate showing no outstanding taxes
5. Appendix 2 - Statement of Adjustments: Detailed breakdown of financial adjustments between parties
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Real Estate Lawyer
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