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Bargain Sale Deed
"I need a Bargain Sale Deed to transfer my commercial property in Vancouver to a local environmental charity at 60% of market value ($2.5M instead of $4.2M market value), with completion by March 2025, including specific environmental protection covenants and charitable gift documentation."
1. Parties: Identifies and provides full legal names and addresses of the Grantor (seller) and Grantee (buyer)
2. Background: States the context of the bargain sale transaction, including the charitable or family nature if applicable
3. Definitions: Defines key terms used throughout the deed
4. Property Description: Detailed legal description of the property being transferred, including lot numbers, boundaries, and references to survey plans
5. Consideration: Specifies the agreed-upon sale price and acknowledges that it is below market value, stating the fair market value and the difference as a gift portion if applicable
6. Transfer and Conveyance: Legal language transferring title from Grantor to Grantee
7. Title Warranties: Grantor's warranties regarding ownership, right to convey, and status of title
8. Encumbrances: List of any existing liens, easements, or other encumbrances that will continue after transfer
9. Tax Provisions: Addresses property tax prorations and responsibility for transfer taxes
10. Execution: Signature blocks for all parties and notary acknowledgment
1. Environmental Warranties: Used when there are concerns about environmental conditions or when required by local regulations
2. Charitable Gift Acknowledgment: Required when the bargain sale is to a charitable organization and part of the value is intended as a charitable donation
3. Reserved Rights: Included when the Grantor wishes to retain certain rights in the property
4. Mineral Rights: Used when mineral rights are being specifically included or excluded from the transfer
5. Future Use Restrictions: Added when there are conditions or restrictions on future use of the property
6. Right of First Refusal: Optional clause giving the Grantor first right to purchase if the Grantee decides to sell
7. Survival Provisions: Specifies which warranties and representations survive closing
1. Schedule A - Property Description: Detailed legal description of the property including metes and bounds or lot descriptions
2. Schedule B - Permitted Encumbrances: List of all permitted encumbrances that will continue after transfer
3. Schedule C - Property Survey: Current survey of the property showing boundaries and improvements
4. Schedule D - Fair Market Value Assessment: Professional appraisal or assessment documenting the property's fair market value
5. Schedule E - Environmental Reports: Any environmental assessments or reports if applicable
6. Schedule F - Tax Certificates: Current tax certificates showing status of property taxes
Authors
Real Estate
Legal Services
Non-Profit & Charitable Organizations
Public Sector
Construction & Development
Financial Services
Property Management
Education (for institutional property transfers)
Healthcare (for medical facility transfers)
Environmental Services
Legal
Real Estate
Tax
Property Management
Corporate Development
Charitable Giving
Risk Management
Compliance
Finance
Operations
Real Estate Attorney
Property Manager
Legal Counsel
Tax Advisor
Real Estate Agent
Title Officer
Property Appraiser
Non-Profit Executive Director
Estate Planner
Land Registry Officer
Corporate Real Estate Manager
Property Development Manager
Charitable Giving Officer
Real Estate Paralegal
Tax Manager
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