The Letter of Offer to Sell Property is a crucial document in Canadian real estate transactions, typically used when a property owner wishes to initiate a sale with a prospective buyer. This document serves as the first formal step in the property sale process, presenting the seller's terms and conditions before proceeding to a full Agreement of Purchase and Sale. It must comply with provincial real estate laws and regulations, as property law in Canada is primarily governed at the provincial level. The letter includes essential details such as property description, purchase price, payment terms, closing date, and any specific conditions or contingencies. While not as comprehensive as a full purchase agreement, this document sets the foundation for negotiations and helps ensure all parties have a clear understanding of the proposed transaction terms.
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1. Seller's Information: Full legal name and contact details of the property owner/seller
2. Buyer's Information: Full legal name and contact details of the prospective buyer
3. Property Description: Detailed legal description of the property, including address, lot number, and property identification number
4. Purchase Price: Clear statement of the offered selling price in both numbers and words
5. Payment Terms: Specified payment structure, including deposit requirements and payment schedule
6. Closing Date: Proposed date for completing the transaction
7. Property Condition: Statement about the current condition of the property and any known issues
8. Inclusions and Exclusions: List of items included in or excluded from the sale
9. Offer Validity Period: Time period for which the offer remains valid
10. Signature Block: Space for seller's signature, date, and witness signature if required
1. Contingencies: Specific conditions that must be met for the sale to proceed, such as financing or inspection requirements
2. Special Terms: Any unique terms or conditions specific to this property sale
3. Tenant Rights: Information about existing tenants and their rights, if the property is currently rented
4. Development Potential: Information about development or renovation possibilities, if relevant
5. Property Access: Terms for property viewing and inspection before closing
6. Environmental Declarations: Specific environmental concerns or certifications, if applicable
7. Foreign Buyer Provisions: Special terms related to foreign buyer regulations, if applicable
1. Schedule A - Property Photos: Recent photographs of the property's interior and exterior
2. Schedule B - Property Survey: Recent land survey showing property boundaries and structures
3. Schedule C - Title Certificate: Current title certificate or registration documents
4. Schedule D - Property Tax Assessment: Recent property tax assessment information
5. Schedule E - Fixture and Fitting List: Detailed inventory of included fixtures and fittings
6. Appendix 1 - Property Condition Report: Detailed report on the current condition of the property
7. Appendix 2 - Utility Information: Details of current utility services and average costs
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