tiktok成人版

Agreement Of Purchase And Sale Condominium Resale for Canada

Agreement Of Purchase And Sale Condominium Resale Template for Canada

This document is a legally binding agreement used in Canadian jurisdictions for the resale of condominium units, facilitating the transfer of ownership from an existing owner to a new purchaser. It covers all essential aspects of the transaction, including property details, purchase price, deposit terms, closing conditions, and various representations and warranties. The agreement incorporates specific provisions required by provincial condominium legislation, including status certificate requirements and disclosure obligations. It also addresses common element inclusions, maintenance fees, and other condominium-specific considerations while ensuring compliance with provincial real estate laws and regulations.

Your data doesn't train Genie's AI

You keep IP ownership聽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
Agreement Of Purchase And Sale Condominium Resale

Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Agreement Of Purchase And Sale Condominium Resale?

The Agreement Of Purchase And Sale Condominium Resale is a specialized legal document used in Canadian real estate transactions when an existing condominium unit is being sold to a new owner. This agreement is distinct from new construction sales agreements and requires specific provisions to address the unique aspects of condominium ownership, including common elements, maintenance fees, and status certificate requirements. The document is designed to comply with provincial condominium acts and real estate regulations, providing comprehensive protection for both vendors and purchasers. It includes essential information about the property, financial terms, conditions of sale, and closing requirements, while accounting for the shared ownership structure inherent in condominium properties. This agreement type is commonly used in urban centers where condominium living is prevalent and requires careful attention to both provincial real estate laws and condominium-specific regulations.

What sections should be included in a Agreement Of Purchase And Sale Condominium Resale?

1. Parties: Identifies and provides full legal names and addresses of the Vendor(s) and Purchaser(s)

2. Background: Establishes the context of the agreement and confirms the Vendor's ownership of the property

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

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

5. Purchase Price: States the total purchase price and how it is to be paid, including deposit structure

6. Deposit Terms: Specifies the amount, payment schedule, and handling of the deposit

7. Closing Date: Specifies the date for completing the transaction and transferring ownership

8. Included Items: Lists all fixtures and chattels included in the purchase price

9. Excluded Items: Lists items specifically excluded from the sale

10. Conditions: Lists the conditions that must be satisfied for the agreement to become firm

11. Representations and Warranties: States the promises and guarantees made by both parties

12. Status Certificate: Requirements regarding the condominium status certificate and review period

13. Adjustments: Details how various expenses will be prorated between parties at closing

14. Title: Requirements for clear title and process for dealing with title issues

15. Closing Procedures: Details the process and requirements for closing the transaction

16. Default: Consequences and remedies if either party fails to fulfill their obligations

17. Notices: How and where formal notices between parties must be delivered

18. General Provisions: Standard legal clauses including entire agreement, severability, and governing law

What sections are optional to include in a Agreement Of Purchase And Sale Condominium Resale?

1. HST Certificate: Required when the property is not used as a primary residence or in certain commercial situations

2. Rental Property Provisions: Used when the unit is currently tenanted or has existing lease agreements

3. Property Management: Used when there are specific arrangements regarding property management during the interim period

4. Foreign Buyer Provisions: Required when the purchaser is a non-resident of Canada

5. Renovation Agreement: Used when there are agreed-upon renovations to be completed before closing

6. Assignment Rights: Specifies if and how the purchaser can assign the agreement to another buyer

7. Bridge Financing: Used when the purchase is contingent on the sale of another property

8. Mortgage Assumption: Required when the purchaser is assuming an existing mortgage

9. Special Assessments: Used when there are pending or ongoing special assessments by the condo corporation

What schedules should be included in a Agreement Of Purchase And Sale Condominium Resale?

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

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

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

4. Schedule D - Common Element Inclusions: Details of parking, storage, and other common element allocations

5. Schedule E - Financial Terms: Detailed breakdown of purchase price, deposit structure, and payment terms

6. Schedule F - Conditions: Full details of all conditions and their fulfillment requirements

7. Appendix 1 - Status Certificate: Copy of the condominium status certificate when received

8. Appendix 2 - Floor Plan: Unit floor plan and measurements

9. Appendix 3 - Recent Statements: Recent maintenance fee statements and tax bills

10. Appendix 4 - Declaration: Copy of the condominium declaration and bylaws

Authors

Alex Denne

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

Jurisdiction

Canada

Cost

Free to use
Relevant legal definitions











































Clauses









































Relevant Industries

Real Estate

Legal Services

Financial Services

Property Management

Insurance

Banking

Professional Services

Construction

Property Development

Residential Housing

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Risk Management

Documentation

Title Services

Mortgage Services

Transaction Processing

Client Relations

Due Diligence

Closing Services

Relevant Roles

Real Estate Agent

Real Estate Broker

Property Lawyer

Real Estate Lawyer

Conveyancer

Property Manager

Mortgage Broker

Real Estate Paralegal

Title Examiner

Real Estate Transaction Coordinator

Compliance Officer

Legal Document Specialist

Real Estate Administrator

Property Appraiser

Insurance Underwriter

Real Estate Investment Advisor

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Generic Home Purchase Contract

A Canadian-compliant legal agreement template for residential property purchases, establishing terms and conditions between buyer and seller.

find out more

Purchase Agreement For Used Boats

A Canadian-law governed agreement for the sale and purchase of used boats, ensuring compliant transfer of vessel ownership and protecting parties' interests.

find out more

Vehicle As Is Sales Agreement

A Canadian-compliant Vehicle As Is Sales Agreement for documenting vehicle sales without warranties, suitable for both private and commercial transactions.

find out more

Contract Of Purchase And Sale For Commercial (Real Estate)

A Canadian law-governed agreement for the purchase and sale of commercial real estate property, establishing terms, conditions, and obligations for all parties involved.

find out more

Contract To Sell (Real Estate)

A legally binding Canadian real estate sale agreement that establishes the terms and conditions for property transfer between seller and buyer.

find out more

Realty Purchase Agreement

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

find out more

Letter Of Intent To Sell (Real Estate)

A preliminary, typically non-binding document used in Canadian real estate transactions to outline proposed terms and conditions for a property purchase.

find out more

Real Estate Land Purchase Agreement

A legally binding agreement under Canadian law that documents the terms and conditions for the purchase and sale of real property, ensuring proper transfer of ownership.

find out more

For Sale By Owner Purchase Contract

A Canadian legal document for direct property sales between owners and buyers without real estate agent involvement, outlining all essential terms and conditions of the property purchase.

find out more

Assignment Of Purchase And Sale Agreement Form

A Canadian legal document that transfers rights and obligations under an existing Purchase and Sale Agreement from an original purchaser to a new buyer, commonly used in real estate transactions.

find out more

Offer To Buy Real Estate Form

A standardized Canadian legal document presenting a buyer's formal proposal to purchase real estate, including all essential terms and conditions of the proposed transaction.

find out more

Contract To Sell A Vehicle

A Canadian legal agreement facilitating the sale and transfer of ownership of a vehicle between parties, incorporating federal and provincial regulatory requirements.

find out more

Restaurant Purchase Contract

A Canadian legal agreement for the purchase and sale of a restaurant business, including assets, licenses, and operational rights transfer.

find out more

Purchase And Sell Agreement

A Canadian-law governed agreement that documents the terms and conditions for the transfer of assets or property from seller to purchaser.

find out more

Purchase And Sale Agreement For Wholesalers

A Canadian-law governed agreement establishing terms and conditions for wholesale purchase and sale transactions between suppliers and buyers.

find out more

Private Purchase Contract

A Canadian law-compliant contract documenting the terms and conditions of a private sale transaction between two parties, including purchase price, delivery terms, and transfer of ownership.

find out more

Land Only Purchase Agreement

A Canadian legal agreement for the purchase and sale of undeveloped land, governed by federal and provincial laws, outlining all terms and conditions of the land transfer.

find out more

Buyer Seller Home Contract

A legally binding Canadian agreement that documents the terms and conditions for the purchase and sale of residential property between buyers and sellers.

find out more

Purchase Of House Agreement

A Canadian legal contract documenting the terms and conditions for the purchase and sale of residential property.

find out more

Used Motor Vehicle Purchase Contract

Canadian-compliant contract for used vehicle sales, addressing both private and dealer transactions under federal and provincial regulations.

find out more

Agreement Of Purchase And Sale Commercial

A legally binding agreement under Canadian law governing the purchase and sale of commercial real estate properties, outlining all transaction terms and conditions.

find out more

Standard Real Estate Purchase And Sale Agreement

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

find out more

Short Form Purchase And Sale Agreement

A streamlined legal agreement under Canadian law that documents the basic terms and conditions for the purchase and sale of property or assets between parties.

find out more

Modular Home Purchase Agreement

A Canadian-law governed agreement for the purchase and installation of a modular home, detailing specifications, terms, and obligations of all parties involved.

find out more

Vacant Land Lot Purchase Contract

A Canadian-law governed contract for the purchase and sale of vacant land lots, incorporating federal and provincial legal requirements for property transfer.

find out more

Real Estate Assignment Of Contract Form

A Canadian legal document that transfers real estate purchase rights from an original buyer to a new buyer, complying with federal and provincial regulations.

find out more

Offer To Sell Real Estate Form

A Canadian legal document outlining a property owner's formal offer to sell real estate, including terms, conditions, and price, compliant with provincial regulations.

find out more

Business Purchase Term Sheet

A preliminary Canadian business acquisition document outlining key transaction terms and conditions, serving as a framework for the definitive purchase agreement.

find out more

Private Land Purchase Agreement

A Canadian legal agreement governing the purchase and sale of private land between parties, outlining terms, conditions, and obligations for property transfer.

find out more

Third Party Car Sale Contract

A Canadian-compliant legal agreement for the sale and purchase of a vehicle between two parties, outlining sale terms and transfer of ownership requirements.

find out more

Purchase And Sale Agreement Extension Form

A Canadian legal document that extends or modifies the terms and timeframes of an existing Purchase and Sale Agreement.

find out more

Standard Sale And Purchase Agreement

A Canadian-law governed agreement that documents the terms and conditions for the sale and purchase of goods, assets, or property between parties.

find out more

Short Sale Purchase Agreement

A Canadian legal agreement for the purchase of property where the sale price is less than the outstanding mortgage balance, requiring lender approval and specific provisions for distressed property sales.

find out more

Short Form Real Estate Purchase Agreement

A streamlined agreement for Canadian real estate transactions that covers essential elements of property purchase and sale while ensuring legal compliance with federal and provincial requirements.

find out more

Simple Land Contract Purchase Agreement

A standardized Canadian legal agreement for the purchase and sale of land property, outlining essential terms and conditions for straightforward property transfers.

find out more

Business Opportunity Purchase And Sale Agreement

A Canadian law agreement governing the sale and purchase of a business opportunity, detailing terms, conditions, and transfer of ownership.

find out more

Agreement Of Purchase And Sale Business In Leased Premises

A Canadian legal agreement governing the sale of a business operating in leased premises, including both business asset transfer and lease assignment provisions.

find out more

Simple Commercial Real Estate Purchase Agreement

A legally binding agreement used in Canadian jurisdictions for the purchase and sale of commercial real estate, outlining all essential terms and conditions of the transaction.

find out more

Private Party Car Sale Contract

A Canadian legal agreement for the private sale of a motor vehicle between individuals, complying with federal and provincial regulations.

find out more

Multi Family Purchase And Sale Agreement

A Canadian legal agreement for the purchase and sale of multi-family residential properties, detailing transaction terms and conditions under Canadian law.

find out more
See more related templates

骋别苍颈别鈥檚 Security Promise

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

Your documents are private:

We do not train on your data; 骋别苍颈别鈥檚 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