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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."
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
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
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
Real Estate
Commercial Property
Residential Property
Agriculture
Industrial
Retail
Mining
Forestry
Urban Development
Property Investment
Banking and Finance
Legal Services
Legal
Real Estate
Property Management
Asset Management
Investment
Corporate Development
Risk Management
Compliance
Finance
Operations
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
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