Real Property Contract for Canada

Real Property Contract Template for Canada

A Real Property Contract is a legally binding agreement governed by Canadian federal and provincial laws, used for the purchase and sale of real estate within Canada. This comprehensive document outlines all aspects of the property transaction, including the legal description of the property, purchase price, payment terms, closing conditions, representations and warranties, and obligations of both parties. It incorporates relevant provincial property laws and regulations, while also addressing federal requirements regarding financing and taxation. The contract serves as the primary document establishing the terms and conditions for transferring real property ownership.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Real Property Contract

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Real Property Contract?

The Real Property Contract is a fundamental legal document used in Canadian real estate transactions for transferring property ownership from a vendor to a purchaser. This contract type is essential for both residential and commercial property transactions across all Canadian provinces and territories, though specific requirements may vary by jurisdiction. It encompasses all crucial elements of the transaction, including property details, financial terms, conditions precedent, and closing requirements. The document must comply with provincial property laws, land registry requirements, and federal regulations regarding financing and taxation. Real Property Contracts are typically required for any transaction involving land, buildings, or other real estate assets, and they form the foundation of property law practice in Canada. These contracts often interact with other legal documents such as mortgages, land titles, and environmental certificates.

What sections should be included in a Real Property Contract?

1. Parties: Identification of the vendor and purchaser with full legal names and addresses

2. Background: Context of the transaction and brief property overview

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed legal description of the property and included fixtures/chattels

5. Purchase Price: Purchase price, deposit terms, and payment structure

6. Closing: Closing date, conditions, and procedures

7. Representations and Warranties: Vendor's declarations about the property's condition and title

8. Title: Requirements for clear title and handling of title defects

9. Due Diligence: Purchaser's inspection rights and review period

10. Adjustments: Pro-rating of taxes, utilities, and other expenses

11. Risk: Risk allocation until closing and insurance requirements

12. Default: Consequences of default by either party

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

14. General Provisions: Standard boilerplate clauses including governing law

15. Execution: Signature blocks and date

What sections are optional to include in a Real Property Contract?

1. Tenant Rights: Required when property is sold subject to existing tenancies

2. Environmental Matters: Required when environmental issues are known or suspected

3. Financing Conditions: Include when purchase is conditional on buyer obtaining financing

4. Property Management: Required for properties with ongoing management needs

5. Development Conditions: Include when property is being purchased for development

6. HST/GST Provisions: Required for new construction or commercial properties

7. Co-ownership Terms: Include when multiple purchasers are involved

8. Vendor Take-Back Mortgage: Include when seller is providing partial financing

9. Property Access Before Closing: Include when buyer needs early access for renovations or studies

What schedules should be included in a Real Property Contract?

1. Schedule A - Legal Description: Detailed legal description of the property from land registry

2. Schedule B - Permitted Encumbrances: List of accepted liens, easements, and encumbrances

3. Schedule C - Included Chattels: Inventory of movable items included in the sale

4. Schedule D - Excluded Fixtures: List of attached items that are not included in the sale

5. Schedule E - Required Documents: List of documents to be delivered on closing

6. Schedule F - Environmental Disclosure: Details of known environmental issues or reports

7. Schedule G - Rental Schedule: Details of existing tenancies and lease terms

8. Schedule H - Property Condition Report: Current condition of property and known defects

9. Appendix 1 - Site Plan: Visual representation of property boundaries and structures

10. Appendix 2 - Floor Plans: Detailed plans of building layouts

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

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Commercial Property

Residential Property

Industrial Property

Retail

Healthcare

Hospitality

Education

Agricultural

Office Space

Mixed-Use Development

Warehouse and Distribution

Manufacturing

Relevant Teams

Legal

Real Estate

Finance

Risk Management

Facilities Management

Corporate Development

Investment

Operations

Compliance

Property Management

Business Development

Due Diligence

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Commercial Property Director

Real Estate Investment Manager

Legal Counsel

Corporate Lawyer

Land Developer

Acquisition Manager

Chief Legal Officer

Real Estate Portfolio Manager

Property Development Director

Title Examiner

Real Estate Paralegal

Facilities Manager

Real Estate Analyst

Chief Financial Officer

Risk 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

Find the exact document you need

Lease Agreement With Option To Purchase (Real Estate)

A Canadian legal agreement combining property rental terms with an option for the tenant to purchase the property during or after the lease period.

find out more

Offer To Purchase Commercial (Real Estate)

A Canadian legal document outlining terms and conditions for purchasing commercial real estate, serving as the initial step in a commercial property transaction.

find out more

Option To Purchase Contract (Real Estate)

A Canadian legal agreement granting exclusive rights to purchase specific real estate property within a set timeframe and predetermined conditions.

find out more

Offer Agreement (Real Estate)

A Canadian legal document presenting a formal offer to purchase real estate, outlining key terms and conditions under provincial law.

find out more

Buyers Contract For House

A Canadian legal agreement outlining terms and conditions for residential property purchase, protecting buyer's interests while ensuring compliance with provincial real estate laws.

find out more

Development Agreement (Real Estate)

A Canadian-law governed agreement establishing terms and conditions for real estate development projects, defining rights and obligations of all parties involved.

find out more

Exclusive Contract (Real Estate)

A Canadian real estate contract establishing exclusive rights for a brokerage to market and sell/lease a property, governed by provincial regulations.

find out more

Developer Agreement (Real Estate)

A Canadian-law governed agreement between a developer and property owner establishing terms and conditions for real estate development projects.

find out more

Mutual Agreement (Real Estate)

A Canadian-compliant mutual agreement for real estate transactions, establishing terms and conditions for property transfer between parties under federal and provincial law.

find out more

Lease Purchase Agreement (Real Estate)

A Canadian legal document combining a lease agreement with a purchase option for real estate, allowing tenants to rent with the right to buy at a preset price.

find out more

Forward Purchase Agreement (Real Estate)

A Canadian law-governed agreement for the future purchase of real estate, typically used for properties under development, outlining purchase terms, construction specifications, and closing requirements.

find out more

Buy Sell Agreement (Real Estate)

A Canadian legal contract governing the purchase and sale of real estate property, specifying terms, conditions, and obligations of buyers and sellers under Canadian law.

find out more

Sellers Agreement (Real Estate)

A Canadian-compliant agreement between a property seller and real estate brokerage establishing terms for property listing and sale services.

find out more

Standard Agreement For The Sale Of (Real Estate)

A legally binding agreement governed by Canadian law that documents the terms and conditions for the sale and purchase of real estate property.

find out more

Side Agreement (Real Estate)

A supplementary agreement under Canadian law that modifies or adds terms to a primary real estate contract.

find out more

Option Contract (Real Estate)

A Canadian legal agreement granting the exclusive right to purchase specific real estate at a predetermined price within a set timeframe.

find out more

Non Exclusive Agreement (Real Estate)

A Canadian non-exclusive real estate agreement allowing property owners to work with multiple agents or sell independently, compliant with federal and provincial regulations.

find out more

Joint Venture Agreement (Real Estate)

A Canadian-law governed agreement establishing a joint venture between parties for real estate development, investment, or management purposes.

find out more

Joint Development Agreement (Real Estate)

A Canadian-law governed agreement establishing terms for multiple parties to jointly develop real estate projects, defining rights, responsibilities, and profit-sharing arrangements.

find out more

Equity Sharing Agreement (Real Estate)

A Canadian-compliant legal agreement establishing terms and conditions for shared real estate ownership, including financial, management, and operational provisions.

find out more

Exclusive Agreement (Real Estate)

A Canadian-law governed agreement establishing exclusive rights for a real estate agent/brokerage to market and sell/lease a property.

find out more

Co Op Agreement (Real Estate)

A Canadian legal agreement establishing the relationship between a housing cooperative and its members, defining rights, responsibilities, and terms of cooperative living.

find out more

Closing Agreement (Real Estate)

A Canadian legal document that finalizes real estate property transfers, detailing closing terms and conditions under federal and provincial jurisdiction.

find out more

Lease To Own Commercial Property Contract

A Canadian legal agreement combining commercial property lease terms with a future purchase option, governed by federal and provincial commercial property laws.

find out more

Real Estate Novation Agreement

A Canadian legal agreement that substitutes one party for another in an existing real estate contract, transferring all rights and obligations while maintaining the original terms.

find out more

Property Easement Agreement

A Canadian legal document establishing rights for one party to use or access another's property for specific purposes, subject to provincial property laws and registration requirements.

find out more

Offer To Lease Commercial Property

A Canadian legal document outlining proposed terms for leasing commercial property, serving as the foundation for the final lease agreement.

find out more

Sale Agreement For House

A Canadian legal agreement documenting the terms and conditions for the sale and purchase of residential property, ensuring compliance with federal and provincial real estate laws.

find out more

Property Agreement Between Two Parties

A Canadian-law governed agreement establishing property rights and obligations between two parties, including terms of transfer and ownership conditions.

find out more

Lease Option Agreement Houses For Sale

A Canadian legal document combining a residential lease with an option to purchase the property, subject to federal and provincial real estate laws.

find out more

Commercial Real Estate Listing Agreement

A Canadian jurisdiction agreement between a property owner and real estate brokerage establishing terms for listing and marketing commercial property for sale or lease.

find out more

Agreement Between Land Owner And Developer

A Canadian legal agreement establishing terms between property owners and developers for land development projects, governed by provincial and municipal regulations.

find out more

Wholesale Contract

A Canadian-law governed agreement establishing terms and conditions between wholesaler and buyer for the supply of goods at wholesale level.

find out more

Standard Property Lease Agreement

A Canadian-compliant legal agreement establishing terms and conditions for residential property leasing, governed by federal and provincial laws.

find out more

Residential Real Estate Contract

A legally binding agreement for residential property transfer in Canada, outlining sale terms and conditions while ensuring compliance with federal and provincial regulations.

find out more

Real Estate Mortgage Agreement

A Canadian legal agreement establishing a security interest in real property between a lender and borrower, governed by federal and provincial laws.

find out more

Property Exchange Agreement

A Canadian legal document facilitating the exchange of real property between parties, outlining terms, conditions, and compliance with federal and provincial requirements.

find out more

Personal Property Purchase Agreement

A Canadian law-governed agreement for the sale and purchase of personal property, detailing transaction terms and transfer of ownership.

find out more

Joint Venture Agreement Between Land Owner And Developer

A Canadian-compliant agreement establishing a joint venture between a land owner and property developer for real estate development purposes.

find out more

Commercial Contract Unimproved Property

Canadian commercial contract template for unimproved property transactions, incorporating federal and provincial legal requirements.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now