The Divorce House Buyout Agreement is a specialized legal instrument used in Canadian family law when one spouse wishes to retain sole ownership of the matrimonial home following a divorce. This document becomes necessary when divorcing couples decide that one party will buy out the other's interest in their shared property, rather than selling it to a third party. The agreement must comply with both federal divorce legislation and provincial property laws, making it essential to include specific provisions required by Canadian jurisdiction. It typically follows a separation agreement or divorce filing and precedes the final divorce decree. The document comprehensively addresses property valuation, payment structures, mortgage arrangements, and liability transfers, while ensuring both parties' rights are protected under Canadian law. A properly executed Divorce House Buyout Agreement helps prevent future disputes and provides clear documentation for land registry offices and financial institutions.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the selling spouse and purchasing spouse, including their current addresses
2. Background: Brief history of the marriage, property ownership, and decision to divorce including reference to any existing separation agreement
3. Definitions: Key terms used throughout the agreement including 'Property', 'Closing Date', 'Purchase Price', etc.
4. Property Details: Legal description of the property and current ownership status
5. Purchase Price and Valuation: Agreed purchase price, basis of valuation, and any adjustments
6. Payment Terms: Structure of payment, including deposit, balance due, and payment method
7. Closing and Transfer: Closing date, transfer requirements, and responsibilities of each party
8. Representations and Warranties: Statements about property condition, liens, and capacity to enter agreement
9. Release of Rights: Selling spouse's release of all future claims to the property
10. Costs and Expenses: Allocation of transfer costs, legal fees, and other expenses
11. Default and Remedies: Consequences of breach and available remedies
12. Governing Law: Specification of applicable provincial law and jurisdiction
13. Execution: Signing requirements and effective date
1. Mortgage Assumption: Terms for assuming existing mortgage or refinancing requirements - include when existing mortgage will be transferred
2. Temporary Occupancy: Terms for temporary occupancy by selling spouse - include when selling spouse needs time to relocate
3. Rental Agreement: Terms if property will be rented back to selling spouse - include when parties agree to a lease-back arrangement
4. Property Maintenance: Responsibilities for maintenance until closing - include when closing date is extended
5. Tax Implications: Special tax considerations and allocations - include when there are significant tax consequences
6. Spousal Support Adjustment: How buyout affects spousal support calculations - include when buyout impacts support arrangements
7. Children's Living Arrangements: Impact on children's living situation - include when children will continue residing in the property
8. Future Sale Restrictions: Restrictions on future sale or right of first refusal - include when parties want to control future disposition
1. Schedule A - Property Description: Detailed legal description of the property and included fixtures/chattels
2. Schedule B - Property Valuation: Professional appraisal or agreed valuation documentation
3. Schedule C - Payment Schedule: Detailed breakdown of payment structure and timing
4. Schedule D - Outstanding Liens: List of any existing liens, mortgages, or encumbrances
5. Schedule E - Property Inspection Report: Recent property inspection findings and condition report
6. Schedule F - Transfer Documents: Required property transfer and land registry documents
7. Schedule G - Mortgage Details: Current mortgage terms and payoff information
Relevant legal definitions
Clauses
Relevant Industries
Legal Services
Real Estate
Financial Services
Banking
Insurance
Professional Services
Family Services
Property Management
Relevant Teams
Legal
Real Estate
Property Services
Financial Services
Mortgage Services
Family Law
Conveyancing
Document Processing
Client Relations
Risk Management
Relevant Roles
Family Law Attorney
Real Estate Lawyer
Divorce Mediator
Real Estate Agent
Mortgage Broker
Property Appraiser
Title Insurance Officer
Family Court Judge
Legal Assistant
Paralegal
Financial Advisor
Divorce Financial Analyst
Banking Officer
Conveyancing Clerk
Find the exact document you need
Lawsuit Settlement Agreement
A Canadian law-governed agreement that documents the terms of a lawsuit settlement, including compensation, releases, and implementation requirements.
find out more
Family Court Consent Order Property Settlement
A court-approved document establishing the agreed property division between separating couples in Canadian family courts, providing a legally binding framework for asset distribution.
find out more
Proposed Settlement Agreement
A Canadian legal document that formalizes dispute resolution between parties, outlining settlement terms and conditions under Canadian federal and provincial law.
find out more
Pre Possession Agreement
A Canadian legal document enabling property buyers to take possession before closing, outlining terms and conditions under provincial law.
find out more
Car Accident Payment Agreement
A Canadian legal document establishing payment terms and conditions between parties involved in a motor vehicle accident, ensuring compliance with provincial and federal regulations.
find out more
Motor Vehicle Accident Settlement Agreement
A Canadian legal agreement that formalizes the settlement terms and conditions between parties involved in a motor vehicle accident, complying with provincial regulations.
find out more
Full And Final Settlement Agreement Divorce
A comprehensive legal agreement under Canadian law that finalizes all aspects of a divorce settlement between spouses, including property division, support obligations, and mutual releases.
find out more
Divorce Asset Agreement
A Canadian legal agreement that documents the division of assets and financial obligations between divorcing spouses under federal and provincial family law.
find out more
Bodily Injury Release
A Canadian legal agreement that releases liability for bodily injury claims, typically used in settlement situations across various Canadian jurisdictions.
find out more
Accident Agreement
A Canadian legal document that formalizes the settlement of claims and responsibilities arising from an accident, including terms of settlement and release of liability.
find out more
Settlement Agreement (Real Estate)
A Canadian legal document that formalizes the resolution of real estate disputes or transactions, incorporating federal and provincial property law requirements.
find out more
Settlement Agreement After Dismissal
A Canadian legal document that formalizes the terms of an employment termination settlement, including payments, releases, and ongoing obligations between employer and employee.
find out more
Stipulation Of Agreement
A Canadian legal document recording mutually agreed-upon terms between parties, typically used in legal proceedings or dispute resolution under Canadian federal and provincial jurisdiction.
find out more
Labour Settlement Agreement
A Canadian legal document that formalizes the settlement of employment-related disputes between employers and employees, outlining agreed terms and conditions under Canadian labour law.
find out more
Motor Accident Private Settlement Agreement
A Canadian jurisdiction agreement that formalizes private settlement terms between parties involved in a motor vehicle accident, including compensation and release of claims.
find out more
Debt Settlement Agreement Contract
A Canadian legal document that formalizes an agreement between creditor and debtor for settling an outstanding debt for less than the full amount owed, subject to federal and provincial regulations.
find out more
Wage Settlement Agreement
A Canadian legal agreement that formalizes the resolution of wage-related disputes between employers and employees, establishing settlement terms and payment conditions.
find out more
Mutual Release Of All Claims
A Canadian law-governed bilateral agreement where parties mutually release all claims against each other, whether known or unknown.
find out more
Trademark Infringement Settlement Agreement
A Canadian law-governed agreement resolving trademark infringement disputes between parties, outlining settlement terms and compliance requirements under federal trademark regulations.
find out more
Employment Discrimination Settlement Agreement
A Canadian legal agreement resolving employment discrimination claims, outlining settlement terms and obligations under federal and provincial laws.
find out more
Mutual Settlement Agreement
A Canadian law-governed agreement that documents the mutually agreed terms for resolving disputes between parties, including settlement terms and releases.
find out more
Labor Settlement Agreement
A legally binding agreement under Canadian law that documents the settlement terms between employer and employee in employment-related disputes or terminations.
find out more
Constructive Dismissal Settlement Agreement
A Canadian agreement documenting settlement terms between employer and employee in constructive dismissal cases, including compensation, releases, and mutual obligations.
find out more
Consent Decree Divorce
A Canadian legal document representing a mutually agreed divorce settlement that requires court approval under federal and provincial law.
find out more
Legal Divorce Agreement
A Canadian legal document that formalizes divorce terms and conditions between spouses, including property division, support arrangements, and custody matters where applicable.
find out more
Termination And Settlement Agreement
A Canadian law-governed agreement that formalizes employment termination terms and settles all related claims between employer and employee.
find out more
Separation And Settlement Agreement
A Canadian legal agreement that establishes the terms and conditions of separation between spouses, addressing property division, support, and parenting arrangements under federal and provincial law.
find out more
Redundancy Agreement
A legal document under Canadian law that formalizes employment termination due to redundancy, outlining severance terms and mutual obligations.
find out more
Precedent Settlement Agreement
Canadian Settlement Agreement template suitable for resolving various types of disputes under Canadian federal and provincial law.
find out more
Monetary Settlement Agreement
A Canadian jurisdiction agreement that formalizes monetary settlement terms and conditions between parties, ensuring compliance with federal and provincial laws.
find out more
Lawsuit Settlement Non Disclosure Agreement
A Canadian-law compliant confidentiality agreement for lawsuit settlements, combining settlement terms with comprehensive confidentiality obligations.
find out more
Global Settlement Offer Divorce
A comprehensive Canadian divorce settlement agreement that resolves all issues related to marriage dissolution, including property division and support obligations.
find out more
Binding Settlement Agreement
A legally binding document under Canadian law that formalizes the resolution of disputes between parties and establishes enforceable settlement terms.
find out more
Settlement Agreement Property
Canadian legal document formalizing property settlement terms and transfer arrangements between parties.
find out more
Marriage Settlement Agreement
A Canadian legal agreement that formalizes the terms of separation between married spouses, including property division and support arrangements, compliant with federal and provincial family laws.
find out more
Injury Settlement Agreement
A Canadian legal document that formalizes the settlement of personal injury claims, outlining compensation terms and releasing future claims under Canadian federal and provincial jurisdiction.
find out more
Inheritance Settlement Agreement
A Canadian legal agreement that formalizes the terms and conditions for settling and distributing inheritance among beneficiaries, governed by provincial and federal laws.
find out more
Full And Final Settlement Agreement For Employee
A Canadian employment law agreement that finalizes employment termination and settles all claims between employer and employee, providing a comprehensive release and settlement terms.
find out more
Estate Family Settlement Agreement
A Canadian legal agreement that formalizes the terms and conditions for estate distribution among family members and beneficiaries, ensuring compliance with federal and provincial estate laws.
find out more
Divorce And Financial Agreement
A Canadian legal agreement that outlines divorce terms and financial arrangements between separating spouses, compliant with federal and provincial family law.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)