The Short Land Purchase Agreement is designed for use in Canadian real estate transactions where parties seek a concise yet comprehensive document for property transfers. This document type is particularly suitable for straightforward property transactions where extensive custom provisions are not required. It incorporates essential elements required by Canadian federal and provincial legislation, including property description, purchase terms, and closing requirements. The agreement is commonly used for both residential and commercial properties, providing a balanced approach between legal thoroughness and practical simplicity. It addresses key aspects such as title transfer, conditions precedent, and closing procedures while maintaining a more accessible format than traditional lengthy purchase agreements.
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1. Parties: Identification of the Vendor and Purchaser with full legal names and addresses
2. Background: Brief context of the transaction and property being sold
3. Definitions: Key terms used throughout the agreement
4. Property Description: Legal description and municipal address of the property being sold
5. Purchase Price: Amount, deposit details, and payment terms
6. Closing Date: Date when the transaction will complete and title will transfer
7. Title and Ownership: Vendor's warranty of clear title and agreement to transfer
8. Conditions Precedent: Essential conditions that must be met before closing
9. Representations and Warranties: Basic statements about property condition and ownership
10. Closing Procedures: Steps to be taken on closing day
11. General Provisions: Standard contract clauses including notices, governing law, and entire agreement
1. Property Inspection: Used when the purchaser requires a property inspection period
2. Financing Condition: Include when purchase is conditional on buyer obtaining mortgage financing
3. Environmental Matters: Required if there are known or potential environmental issues
4. Tenant Rights: Include if property is sold subject to existing tenancies
5. GST/HST: Required for commercial properties or new residential properties
6. Property Management: Include if there are interim property management arrangements
7. Foreign Buyer Provisions: Required if purchaser is not a Canadian resident
1. Schedule A - Legal Description: Detailed legal description of the property from title documents
2. Schedule B - Permitted Encumbrances: List of accepted liens, easements, or encumbrances
3. Schedule C - Included Items: List of fixtures and chattels included in the purchase
4. Schedule D - Form of Transfer/Deed: Standard form transfer document required by land registry
5. Appendix 1 - Property Photographs: Current photographs of the property (optional)
6. Appendix 2 - Site Plan: Survey or site plan showing property boundaries and structures
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Relevant Industries
Real Estate
Construction
Agriculture
Retail
Commercial Property
Residential Property
Industrial
Hospitality
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Education
Relevant Teams
Legal
Real Estate
Property Management
Business Development
Investment
Operations
Risk Management
Compliance
Corporate Development
Asset Management
Relevant Roles
Real Estate Agent
Property Manager
Real Estate Lawyer
Legal Counsel
Property Developer
Land Acquisition Manager
Real Estate Investment Manager
Corporate Counsel
Commercial Property Manager
Real Estate Investment Analyst
Title Examiner
Conveyancing Lawyer
Business Development Manager
Real Estate Portfolio Manager
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