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Generic Real Estate Sales Contract

Generic Real Estate Sales Contract Template for Canada

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Generic Real Estate Sales Contract

"I need a Generic Real Estate Sales Contract for a commercial property purchase closing on March 15, 2025, with specific provisions for environmental assessment and existing tenant rights, where the purchase is conditional on obtaining commercial zoning approval."

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Document background
The Generic Real Estate Sales Contract serves as a fundamental legal instrument for property transactions in Canada, designed to accommodate both residential and commercial property sales. This document is essential when transferring real estate ownership from a seller to a buyer, incorporating all necessary elements required by Canadian federal and provincial legislation. It provides a comprehensive framework that includes property description, purchase price, payment terms, conditions precedent, representations and warranties, and closing requirements. The contract is structured to be adaptable to various property types while maintaining compliance with local real estate laws and regulations. It includes provisions for property inspection, title examination, and financing conditions, making it suitable for standard property transactions while allowing customization for specific circumstances. This agreement is commonly used by real estate professionals, legal practitioners, and property owners across Canada to ensure legally sound and properly documented property transfers.
Suggested Sections

1. Parties: Identification of the seller and purchaser with full legal names and addresses

2. Background: Context of the transaction and brief property overview

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed legal description of the property being sold

5. Purchase Price: The agreed purchase price and payment terms

6. Deposit: Details of the deposit amount, when it's due, and how it will be held

7. Closing Date: Specified date for completion of the transaction

8. Title and Ownership: Warranties regarding clear title and ownership transfer

9. Property Condition: As-is conditions and any warranties regarding property condition

10. Seller's Representations: Standard warranties and representations by the seller

11. Buyer's Representations: Standard warranties and representations by the buyer

12. Closing Conditions: Conditions that must be met before closing

13. Closing Adjustments: How taxes, utilities, and other expenses will be prorated

14. Default and Remedies: Consequences of default by either party

15. Notices: How formal communications between parties should be made

16. Governing Law: Specification of applicable Canadian jurisdiction

17. Execution: Signature blocks and execution requirements

Optional Sections

1. Financing Conditions: Used when buyer requires mortgage financing to complete purchase

2. Home Inspection: Include when purchase is conditional on satisfactory home inspection

3. Sale of Buyer's Property: Used when purchase is conditional on buyer selling their current property

4. Tenant Rights: Required when property is sold with existing tenants

5. Chattels and Fixtures: Include when specific items are included/excluded from sale

6. Environmental Matters: Required for properties with potential environmental concerns

7. Development Conditions: Used for properties with development potential or restrictions

8. Foreign Buyer Provisions: Required when purchaser is not a Canadian resident

9. GST/HST Provisions: Required for new construction or commercial properties

10. Property Management: Used for properties with ongoing management requirements

Suggested Schedules

1. Schedule A - Legal Description: Detailed legal property description from land registry

2. Schedule B - Permitted Encumbrances: List of accepted liens, easements, or encumbrances

3. Schedule C - Included Chattels: Detailed list of movable items included in sale

4. Schedule D - Excluded Fixtures: List of attached items explicitly excluded from sale

5. Schedule E - Property Condition Disclosure: Seller's disclosure of known property conditions

6. Schedule F - Environmental Reports: Any environmental assessments or reports

7. Schedule G - Survey Certificate: Property survey details and certificate

8. Schedule H - Title Search: Results of title search and any issues identified

9. Appendix 1 - Property Photos: Documentation of property condition at time of agreement

10. Appendix 2 - Floor Plans: Detailed layout and measurements of the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions





















































Clauses









































Relevant Industries

Real Estate

Property Development

Construction

Banking and Finance

Legal Services

Insurance

Property Management

Commercial Real Estate

Residential Real Estate

Investment and Asset Management

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Risk Management

Operations

Investment

Asset Management

Document Control

Contract Administration

Relevant Roles

Real Estate Agent

Real Estate Broker

Property Lawyer

Legal Counsel

Property Manager

Real Estate Developer

Investment Manager

Asset Manager

Title Examiner

Mortgage Specialist

Real Estate Paralegal

Compliance Officer

Real Estate Administrator

Property Acquisitions Manager

Real Estate Investment Analyst

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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