Contract Of Purchase And Sale (Page 2 of 5) in pdf

Contract Of Purchase And Sale Page 2

3. TERMS AND CONDITIONS:

The purchase and sale of the Property includes the following terms and is subject to the

following conditions:

_________________________________________________________________________

EACH CONDITION, if so indicated, is for the sole benefit of the party indicated. Unless each

condition is waived or declared fulfilled by written notice given by the benefiting party to the

other party on or before the date specified for each condition, this contract will be terminated

thereupon and the Deposit returnable in accordance with the Real Estate Act.

4. COMPLETION:

The sale will be completed on or before ______, 20___ (Completion Date) at the appropriate

Land Title Office.

5. POSSESSION:

The Buyer will have vacant possession of the Property at 12 noon on ______, 20___

(Possession Date) OR subject to the following existing tenancies, if any: **.

6. ADJUSTMENTS:

The

Buyer

will

assume

and

pay

all

taxes,

rates,

local

improvement

assessments, fuel, utilities and other charges from and including the date set for adjustments

and all adjustments, both incoming and outgoing of whatsoever nature will be made as of

______, 20___ (Adjustment Date).

7. INCLUDED ITEMS:

THE PURCHASE PRICE INCLUDES any buildings, improvements, fixtures, appurtenances

and attachments thereto and all blinds, awnings, screen doors and windows, curtain rods,

tracks and valances, fixed mirrors, fixed carpeting, electric, plumbing, heating and air

conditioning fixtures and all appurtenances and attachments thereto as viewed by the Buyer

at the date of inspection, INCLUDING: ___________________________________________

BUT EXCLUDING: __________________________________________________________

8. VIEWED:

The Property and all included items will be in substantially the same condition at Possession

Date as when viewed by the Buyer on

, 20___.

9. TITLE:

Free and clear of all encumbrances except subsisting conditions, provisos, restrictions,

exceptions and reservations, including royalties, contained in the original grant or contained

in any other grant or disposition from the Crown, registered or pending restrictive covenants

and rights-of-way, in favor of utilities and public authorities, existing tenancies set out in

clause 5, if any, and except as otherwise set out herein.

INITIALS

Contract Of Purchase And Sale Page 2

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