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Real Property Sales Contract Template for Canada

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Key Requirements PROMPT example:

Real Property Sales Contract

"I need a Real Property Sales Contract for the purchase of a commercial warehouse in Ontario, with specific environmental provisions and tenant transition clauses as the property is currently leased to multiple businesses."

Document background
The Real Property Sales Contract is the foundational document used in Canadian real estate transactions to formalize the sale and purchase of real property. This document is essential when any type of real property (residential, commercial, or industrial) is being transferred from one party to another in Canada. It must comply with provincial real estate laws, the Statute of Frauds, and various other federal and provincial regulations. The contract typically includes detailed information about the property, purchase price, closing conditions, warranties, and specific provincial requirements for property transfer. It's designed to protect both the seller's and buyer's interests while ensuring the transaction meets all legal requirements. The document is particularly important as it serves as the primary evidence of the transaction terms and is required for land registry purposes.
Suggested Sections

1. Parties: Identification of the seller and purchaser with full legal names and addresses

2. Background: Context of the sale and brief property description

3. Definitions: Key terms used throughout the agreement including 'Property', 'Closing Date', 'Purchase Price', etc.

4. Property Description: Detailed legal description of the property being sold, including municipal address and legal title details

5. Purchase Price: The agreed purchase price, deposit requirements, and payment terms

6. Deposit: Details of the deposit amount, when it's payable, and how it will be held

7. Closing: Closing date, time, and location details

8. Title: Seller's warranty of good and marketable title, permitted encumbrances

9. Representations and Warranties: Standard representations by both parties regarding authority, property condition, etc.

10. Conditions Precedent: Conditions that must be satisfied before closing

11. Closing Deliverables: Documents and items to be delivered by each party on closing

12. Adjustments: How property taxes, utilities, and other expenses will be adjusted between parties

13. Risk: When risk passes to the purchaser and insurance requirements

14. Default: Consequences of default by either party

15. Notices: How formal notices between parties should be given

16. General Provisions: Standard boilerplate provisions including governing law, assignment, etc.

Optional Sections

1. Financing Condition: Used when purchaser requires mortgage financing to complete the purchase

2. Home Inspection Condition: Used when purchaser wants right to conduct property inspection

3. Sale of Purchaser's Property: Used when purchase is conditional on purchaser selling their existing property

4. Rental Property Provisions: Used when property is currently tenanted, including assignment of leases

5. HST/GST Provisions: Detailed provisions required for commercial properties or new residential properties

6. Property Management: Used for properties with ongoing management requirements until closing

7. Construction Completion: Used for new builds or properties under construction

8. Environmental Provisions: Used for properties with potential environmental concerns

Suggested Schedules

1. Schedule A - Legal Description: Detailed legal description of the property from title documents

2. Schedule B - Permitted Encumbrances: List of accepted encumbrances that will remain on title

3. Schedule C - Included Chattels: List of moveable items included in the sale

4. Schedule D - Excluded Fixtures: List of attached items that are excluded from the sale

5. Schedule E - Rental Schedule: Details of existing tenancies if property is income-producing

6. Schedule F - Property Condition Disclosure: Seller's disclosure of known property conditions

7. Schedule G - Environmental Disclosure: Environmental conditions or concerns if applicable

8. Appendix 1 - Property Plans: Relevant property plans, surveys, or drawings

9. Appendix 2 - Title Search: Results of title search showing current ownership and encumbrances

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





























Clauses






























Relevant Industries

Real Estate

Property Development

Construction

Banking & Finance

Legal Services

Insurance

Property Management

Urban Planning

Agriculture (for farm properties)

Commercial Property

Relevant Teams

Legal

Real Estate

Property Management

Acquisitions

Commercial Development

Risk Management

Compliance

Finance

Operations

Corporate Services

Relevant Roles

Real Estate Lawyer

Property Lawyer

Real Estate Agent

Real Estate Broker

Property Developer

Commercial Property Manager

Legal Counsel

Conveyancing Lawyer

Title Examiner

Mortgage Specialist

Real Estate Paralegal

Property Administrator

Real Estate Investment Manager

Land Development Manager

Real Estate Transaction Coordinator

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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