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1. Parties: Identifies and provides full legal details of all co-sellers and their current ownership interests in the property
2. Background: Outlines the current ownership structure, property details, and the parties' intention to jointly sell the property
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Property Details: Comprehensive description of the property being sold, including legal description and current condition
5. Appointment of Agent: Terms for appointing and dealing with real estate agents, including commission structure
6. Listing Price and Sales Terms: Agreement on initial listing price, minimum acceptable price, and basic terms of sale
7. Decision Making Process: Procedures for making joint decisions regarding offers, price reductions, and other sale-related matters
8. Cost Sharing: Allocation of costs related to the sale process, including marketing, repairs, and legal fees
9. Distribution of Proceeds: Formula and process for distributing the sale proceeds among co-sellers
10. Representations and Warranties: Each party's declarations regarding their authority to sell and property condition
11. Dispute Resolution: Process for resolving disagreements between co-sellers
12. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
13. General Provisions: Standard legal clauses including notices, amendments, governing law, and severability
1. Property Management Until Sale: Used when the property requires ongoing management during the sale process, detailing responsibilities and cost sharing
2. Tenant Provisions: Required when the property is currently tenanted, addressing lease obligations and coordination of viewings
3. Mortgage and Encumbrance Resolution: Needed when the property has existing mortgages or liens that must be addressed
4. Special Maintenance Requirements: Include when the property requires specific maintenance or repairs before sale
5. Tax Planning Provisions: Added when parties require specific tax structuring for the sale
6. Buy-Out Provisions: Optional clause allowing one party to buy out others' interests if the property doesn't sell within a specified period
7. International Party Provisions: Required when any co-seller is a non-resident of Canada
1. Schedule A - Property Description: Detailed legal description of the property, including lot numbers, boundaries, and registered easements
2. Schedule B - Current Title Search: Recent title search showing current ownership and encumbrances
3. Schedule C - Property Condition Report: Detailed assessment of the property's current condition and known issues
4. Schedule D - Cost Sharing Formula: Detailed breakdown of how various costs will be shared among co-sellers
5. Schedule E - Proceeds Distribution Calculation: Formula and examples for calculating the distribution of sale proceeds
6. Appendix 1 - Property Photos: Current photographs documenting the property's condition
7. Appendix 2 - Existing Leases: Copies of any current lease agreements affecting the property
8. Appendix 3 - Property Tax Assessments: Recent property tax assessments and payment status
9. Appendix 4 - Service Contracts: List and copies of any service contracts that will transfer with the property
Real Estate
Property Development
Legal Services
Financial Services
Property Management
Construction
Investment Management
Insurance
Banking
Professional Services
Legal
Real Estate
Property Management
Compliance
Investment
Asset Management
Sales
Business Development
Risk Management
Operations
Real Estate Lawyer
Property Manager
Real Estate Agent
Real Estate Broker
Legal Counsel
Investment Manager
Asset Manager
Property Developer
Real Estate Investment Director
Compliance Officer
Title Officer
Real Estate Partnership Manager
Estate Administrator
Property Sales Coordinator
Real Estate Transaction Manager
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