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1. Parties: Identifies and provides full legal names and addresses of all parties involved in the transaction (buyer, seller, and any other relevant parties)
2. Background: Provides context for the agreement, including the intention to sell/purchase the property
3. Definitions: Defines key terms used throughout the agreement to ensure clear interpretation
4. Property Description: Detailed legal description of the property, including address, lot number, and registration details
5. Purchase Price: States the agreed purchase price and payment terms, including deposit requirements
6. Closing Date: Specifies the date of closing and conditions for completion of the transaction
7. Representations and Warranties: Statements of fact by both parties regarding the property and their capacity to enter into the agreement
8. Conditions Precedent: Conditions that must be satisfied before the agreement becomes binding
9. Seller's Obligations: Details the seller's responsibilities up to and including closing
10. Buyer's Obligations: Details the buyer's responsibilities up to and including closing
11. Property Inspection: Terms regarding the buyer's right to inspect the property and related conditions
12. Title and Ownership: Provisions regarding clear title and transfer of ownership
13. Closing Procedures: Details of the closing process, including documentation and funds transfer
14. Default and Remedies: Consequences and available remedies if either party defaults
15. Notices: How and where formal notices between parties should be delivered
16. Governing Law: Specifies that the agreement is governed by Canadian law and the applicable province
17. General Provisions: Standard contract clauses including severability, entire agreement, and amendments
1. Mortgage Contingency: Used when the purchase is contingent on the buyer obtaining financing
2. Sale of Existing Home: Include when the purchase is conditional on the buyer selling their current property
3. Tenant Rights: Required when the property is currently tenanted and includes provisions regarding existing tenancy
4. Home Warranty: For new constructions or when specific warranties are being provided
5. Environmental Matters: When environmental assessments or specific environmental concerns need to be addressed
6. Renovation/Construction: When specific renovations or construction work is part of the agreement
7. Property Management: For properties with ongoing management requirements or shared facilities
8. First-Time Home Buyer Provisions: Special terms relating to first-time home buyer programs or incentives
1. Schedule A - Property Details: Detailed description of the property, including lot size, boundaries, and included fixtures/fittings
2. Schedule B - Purchase Price Breakdown: Detailed breakdown of the purchase price, deposits, and payment schedule
3. Schedule C - Included Chattels: List of movable items included in the sale
4. Schedule D - Excluded Chattels: List of movable items explicitly excluded from the sale
5. Schedule E - Current Property Condition Report: Detailed report on the current condition of the property
6. Schedule F - Required Repairs: List of repairs to be completed before closing
7. Appendix 1 - Property Survey: Recent survey of the property showing boundaries and structures
8. Appendix 2 - Property Photographs: Documentary photographs of the property condition at time of agreement
9. Appendix 3 - Inspection Reports: Any professional inspection reports obtained
10. Appendix 4 - Title Documents: Copies of relevant title documents and certificates
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