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1. Parties: Identification of all parties to the agreement, including legal names and addresses
2. Background: Context of the agreement, including current ownership structure and reason for buyout
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed legal description of the property being transferred
5. Purchase Price and Payment Terms: Agreed purchase price, payment structure, and timing of payments
6. Closing Date and Conditions: Specified date for completion of the transaction and conditions that must be met
7. Representations and Warranties: Statements of fact about the property and parties' authority to enter into the agreement
8. Due Diligence: Buyer's right to investigate the property and related documentation
9. Title and Ownership Transfer: Process and requirements for transferring property title
10. Adjustments and Expenses: How property-related expenses and income will be adjusted between parties
11. Tax Matters: Treatment of property taxes, land transfer taxes, and other tax implications
12. Default and Remedies: Consequences of breach and available remedies
13. Notices: How and where formal communications between parties should be sent
14. Governing Law: Specification of applicable Canadian jurisdiction
15. Execution: Signature blocks and execution requirements
1. Mortgage Assumption: Terms for assuming or discharging existing mortgages, used when property has existing financing
2. Tenant Provisions: Required when property has existing tenants, addressing lease assignments and tenant rights
3. Property Management Transition: Used for income-producing properties requiring management handover
4. Environmental Matters: Specific provisions for properties with known or potential environmental issues
5. Partner/Shareholder Approval: Required when transaction needs approval from other business partners or shareholders
6. Right of First Refusal: Used when other parties have pre-existing rights to purchase
7. Holdback Provisions: Terms for holding back portion of purchase price, used when there are outstanding issues
8. Foreign Ownership Compliance: Required when dealing with non-Canadian parties to ensure compliance with foreign ownership restrictions
1. Schedule A - Property Description: Detailed legal description and property boundaries
2. Schedule B - Purchase Price Allocation: Breakdown of purchase price among different property components
3. Schedule C - Permitted Encumbrances: List of accepted liens, easements, or other encumbrances
4. Schedule D - Due Diligence Documents: List of required property documents and records
5. Schedule E - Current Leases: Details of existing tenant leases and terms
6. Schedule F - Property Inventory: List of included fixtures, equipment, or other personal property
7. Appendix 1 - Property Photographs: Current photographs documenting property condition
8. Appendix 2 - Required Repairs: List of agreed repairs to be completed before closing
Real Estate
Commercial Property
Residential Property
Property Development
Property Investment
Real Estate Investment Trusts (REITs)
Property Management
Construction
Urban Development
Hospitality
Retail
Industrial
Legal
Real Estate
Finance
Investment
Corporate Development
Property Management
Asset Management
Risk Management
Tax
Compliance
Operations
Due Diligence
Real Estate Lawyer
Property Manager
Real Estate Broker
Investment Manager
Corporate Lawyer
Financial Controller
Chief Financial Officer
Real Estate Developer
Asset Manager
Property Acquisitions Manager
Real Estate Investment Analyst
Partnership Manager
Legal Counsel
Due Diligence Officer
Transaction Manager
Real Estate Portfolio Manager
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