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Deed Of Sale With Right To Repurchase Template for Canada

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Key Requirements PROMPT example:

Deed Of Sale With Right To Repurchase

"I need a Deed of Sale with Right to Repurchase for my commercial warehouse property in Ontario, with a two-year repurchase window ending March 15, 2025, and specific provisions for maintaining the current tenants during the interim period."

Document background
The Deed of Sale with Right to Repurchase is a specialized legal instrument commonly used in Canadian real estate transactions where the original property owner wishes to sell their property while maintaining the right to buy it back under predetermined conditions. This document type is particularly useful in situations involving temporary financial constraints, strategic property management, or complex business arrangements. The deed must comply with provincial property laws and registration requirements, while clearly outlining the terms of both the initial sale and the repurchase right. It typically includes comprehensive details about property description, purchase price, repurchase period, conditions for exercising the repurchase right, and obligations of both parties during the interim period. The document serves as a crucial tool for protecting both the vendor's future interests and the purchaser's temporary ownership rights.
Suggested Sections

1. Parties: Identification of the Vendor (original owner/seller with repurchase right) and Purchaser

2. Background: Context of the sale and explanation of the repurchase arrangement

3. Definitions: Key terms including Property, Purchase Price, Repurchase Period, Repurchase Price, and Exercise Notice

4. Sale and Purchase: Terms of the initial sale including purchase price, payment terms, and completion date

5. Property Description: Detailed description of the property being sold, including legal description and any inclusions/exclusions

6. Right of Repurchase: Detailed terms of the repurchase right including duration, price, and exercise mechanism

7. Exercise of Repurchase Right: Procedure for exercising the right, including notice requirements and completion timeframes

8. Title and Registration: Provisions regarding transfer of title, registration requirements, and handling of title documents

9. Representations and Warranties: Standard representations about ownership, authority to sell, and property condition

10. Possession and Risk: Terms regarding transfer of possession and risk, both for initial sale and potential repurchase

11. Costs and Taxes: Allocation of transaction costs, property taxes, and registration fees

12. Default and Remedies: Consequences of default by either party and available remedies

13. Notices: Requirements for valid notices under the deed, including method and timing of delivery

14. Execution: Formal execution blocks for all parties, witnesses, and notarization if required

Optional Sections

1. Property Maintenance: Used when specific requirements for maintaining the property during the repurchase period need to be established

2. Insurance Requirements: Include when specifying mandatory insurance coverage during the repurchase period

3. Mortgage Provisions: Required if the property will be subject to a mortgage during the repurchase period

4. Assignment Rights: Include if either party needs the right to assign their interests under the deed

5. Third Party Rights: Used when third parties have interests that need to be addressed

6. Environmental Matters: Include for properties where environmental concerns need to be addressed

7. Improvements: Used when addressing how improvements made during the repurchase period will be handled

8. Dispute Resolution: Optional alternative dispute resolution procedures

Suggested Schedules

1. Property Description Schedule: Detailed legal description of the property and any included fixtures

2. Purchase Price Schedule: Breakdown of purchase price and payment terms for both initial sale and repurchase

3. Form of Exercise Notice: Template notice for exercising the repurchase right

4. Title Encumbrances: List of permitted encumbrances that will remain on title

5. Property Condition Report: Documentation of property condition at time of initial sale

6. Required Insurances: Details of required insurance coverage during repurchase period

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions












































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Relevant Industries

Real Estate

Commercial Property

Residential Property

Agriculture

Industrial

Retail

Mining

Forestry

Urban Development

Property Investment

Banking and Finance

Legal Services

Relevant Teams

Legal

Real Estate

Property Management

Asset Management

Investment

Corporate Development

Risk Management

Compliance

Finance

Operations

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Development Manager

Corporate Counsel

Legal Counsel

Real Estate Agent

Property Developer

Land Acquisition Manager

Asset Manager

Investment Manager

Commercial Property Manager

Real Estate Investment Analyst

Title Officer

Notary Public

Property Rights Specialist

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

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