Document background
The Agreement To Sell Immovable Property is a fundamental legal document used in Canadian real estate transactions to formalize the sale and purchase of real property. This document is essential when any party wishes to transfer ownership of immovable property, whether for residential, commercial, or industrial purposes. It must comply with provincial and federal regulations governing real estate transactions in Canada, including requirements under the Land Titles Act, Property Law Act, and relevant consumer protection legislation. The agreement includes comprehensive details about the property, parties involved, purchase price, payment terms, conditions of sale, and closing requirements. It serves as the primary reference document throughout the transaction process and forms the basis for the eventual transfer of title. The document is typically prepared following initial negotiations and remains in effect until the closing date when the property transfer is completed.
