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Home Sale Contract
"I need a Home Sale Contract for a heritage-listed property in Ontario, with specific provisions for maintaining historical features and obtaining necessary approvals for any future modifications, planned to close by March 2025."
1. Parties: Identification of the seller and buyer with their full legal names and current addresses
2. Background: Brief context of the transaction and acknowledgment of the parties' intention to enter into the agreement
3. Definitions: Key terms used throughout the agreement and their specific meanings
4. Property Description: Detailed legal description of the property, including address, lot number, and property boundaries
5. Purchase Price and Deposit: The agreed purchase price, deposit amount, deposit holder details, and payment terms
6. Closing Date and Possession: Specified date for completing the transaction and transferring possession
7. Title and Ownership: Warranties regarding clear title and process for title search and insurance
8. Property Condition and Inspection: Seller's warranties about property condition and buyer's inspection rights
9. Included and Excluded Items: Specific listing of fixtures and chattels included or excluded from the sale
10. Representations and Warranties: Standard declarations by both parties regarding their capacity and authority to complete the transaction
11. Closing Conditions: Conditions that must be met before closing, including financing and inspections
12. Closing Procedures: Details of required documentation and processes for closing
13. Default and Remedies: Consequences and available remedies if either party defaults
14. Notices: How and where formal communications between parties should be delivered
15. General Provisions: Standard legal clauses including governing law, entire agreement, and amendments
1. Tenant Rights and Obligations: Required when the property is currently tenanted, addressing lease agreements and tenant rights
2. Renovation Agreement: Used when specific renovations are to be completed before closing
3. Property Management: Needed for properties with ongoing management requirements like condominiums
4. Environmental Matters: Required when there are known environmental issues or concerns
5. Mineral Rights: Needed when mineral rights are being retained or transferred separately
6. Swimming Pool/Hot Tub Compliance: Required when property includes these features to address safety and compliance
7. Heritage Property Requirements: Needed for properties with heritage designation
8. Survey Matters: Used when there are boundary or survey issues to be addressed
9. Seller Financing: Required when the seller is providing financing for the purchase
10. Multiple Dwelling Units: Needed when property contains secondary suites or multiple units
1. Schedule A - Property Details: Comprehensive legal description and property specifications
2. Schedule B - Included Chattels: Detailed list of movable items included in the sale
3. Schedule C - Excluded Items: Specific list of items that will be removed by the seller
4. Schedule D - Title Exceptions: List of permitted encumbrances and title restrictions
5. Schedule E - Property Disclosure Statement: Seller's declarations about property condition and known issues
6. Schedule F - Inspection Reports: Results of property inspections and environmental assessments
7. Schedule G - Rental Details: Current lease agreements and tenant information if applicable
8. Schedule H - Condominium Documents: Required condominium corporation documents if applicable
9. Schedule I - Property Photographs: Documentary photographs of property condition at time of agreement
10. Schedule J - Renovation Specifications: Detailed requirements for any agreed-upon renovations
Authors
Real Estate
Legal Services
Financial Services
Insurance
Property Development
Construction
Property Management
Professional Services
Banking
Mortgage Lending
Legal
Real Estate Operations
Property Management
Compliance
Risk Management
Document Processing
Transaction Services
Client Relations
Real Estate Sales
Contract Administration
Real Estate Agent
Real Estate Broker
Property Lawyer
Conveyancing Lawyer
Legal Counsel
Property Manager
Real Estate Development Manager
Mortgage Specialist
Title Insurance Officer
Real Estate Transaction Coordinator
Compliance Officer
Legal Document Specialist
Real Estate Paralegal
Property Administrator
Contract Manager
Real Estate Operations Manager
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