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The Buyer's Contract for House is a fundamental legal document used in Canadian residential real estate transactions to protect the interests of property purchasers. This contract is essential when individuals or entities are purchasing residential property in Canada, whether it's a single-family home, townhouse, or condominium. The document incorporates provincial-specific legal requirements and typically includes detailed information about the property, purchase price, conditions of sale, closing requirements, and obligations of all parties involved. It serves as the primary agreement between buyer and seller, ensuring all terms are clearly documented and legally binding. The contract must comply with provincial real estate laws and regulations, including requirements for deposit handling, disclosure obligations, and condition periods. It's particularly important as it forms the basis for the entire transaction and subsequent closing documents.

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

2. Background: Establishes the context of the transaction and confirms the seller's ownership and right to sell

3. Definitions: Defines key terms used throughout the agreement

4. Property Description: Detailed legal description of the property including address, lot number, and property boundaries

5. Purchase Price: States the agreed purchase price and payment structure, including deposit details

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

7. Closing Date: Specifies the completion date of the transaction and possession details

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

9. Excluded Items: Specifies items explicitly excluded from the sale

10. Conditions Precedent: Lists conditions that must be satisfied before the agreement becomes firm

11. Representations and Warranties: Statements of fact by both parties about the property and their capacity to enter the agreement

12. Title Search Period: Specifies the timeframe for title search and resolution of any title issues

13. Closing Requirements: Details the documents and actions required from each party to complete the transaction

14. Property Insurance: Specifies requirements for insurance coverage during the period between signing and closing

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

16. Notices: Specifies how and where official communications between parties should be delivered

17. Governing Law: Confirms that the agreement is governed by Canadian law and specifies the applicable province