The Residential Resale Condominium Property Purchase Contract is a specialized legal document used in Canadian real estate transactions for previously owned condominium properties. This contract type is essential when transferring ownership of a condominium unit from an existing owner to a new buyer, incorporating specific requirements under provincial condominium legislation and real estate laws. It differs from standard residential purchase agreements by including provisions specific to condominium ownership, such as status certificate reviews, common element considerations, and compliance with condominium corporation bylaws. The document is designed to protect both buyer and seller interests while ensuring transparency about the unique aspects of condominium ownership, including shared facilities, maintenance fees, and governance structure.

1. Parties: Identification of the buyer(s) and seller(s) with full legal names and current addresses

2. Background: Context of the transaction, including property identification and intention to sell/purchase

3. Definitions: Key terms used throughout the agreement, including legal and technical terminology

4. Property Description: Detailed legal description of the condominium unit, including unit number, level, building address, and parking/storage units if applicable

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

6. Deposit: Amount, payment schedule, and handling of deposit funds

7. Included Items: List of fixtures, appliances, and other items included in the sale

8. Excluded Items: Items specifically excluded from the sale

9. Closing Date: Specified date and time for completion of the transaction

10. Title and Ownership: Warranties regarding clear title and ownership transfer requirements

11. Condominium Status Certificate: Requirements and timing for delivery and review of the status certificate

12. Representations and Warranties: Standard declarations by both parties regarding the property and their capacity to enter into the agreement

13. Conditions Precedent: Essential conditions that must be met before the agreement becomes firm, including financing and status certificate review

14. Closing Procedures: Details of the closing process, including documentation and funds transfer requirements

15. Default and Remedies: Consequences and available remedies if either party defaults

16. Notices: How and where formal notices under the agreement must be delivered

17. General Provisions: Standard legal clauses including entire agreement, governing law, and amendment procedures

18. Execution: Signature blocks and date of agreement