Multi Unit Residential Income Property Schedule Page 3
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3AGREEMENT OF PURCHASE AND SALE PART II: MULTI-UNIT RESIDENTIAL INCOME PROPERTY SCHEDULE
Page 3 of 3
___________________________________________________________________________________________________________
Property Address:
____________________________________________________________________________________________________________________
Buyer(s):
____________________________________________________________________________________________________________________
Seller(s):
8. The Seller and Buyer agree that if at the time of closing more than
ADDITIONAL CLAUSES
___________ units are vacant or if more than ____________ Notices
12.
to Quit have been given by existing tenants, the Buyer may, at his
option, terminate this Agreement and the deposit shall be returned to
the Buyer. The Seller warrants to provide, prior to closing, a copy of all
Notices to Quit which have been received, up to, and including the
closing date.
Buyer(s)
Seller(s)
initials required
initials required
Buyer(s)
Seller(s)
9. The Seller agrees to deliver to the Buyer, at the time of closing, all
keys for the building, including one for each apartment, one master key
initials required
initials required
and, where applicable, one key for each coin-operated appliance on
the property with all keys to be properly labeled as to their usage.
NOTE:
Financing for multi-unit properties may require additional
Buyer(s)
Seller(s)
environmental assessment. Please refer to the Environmental
Clauses section of the REALTOR® Resource Manual: Your
initials required
initials required
Practice Guide.
10. The Seller agrees that all security deposits, together with accumulated
interest, shall be transferred to the Buyer at closing.
Buyer(s)
Seller(s)
initials required
initials required
11. The Seller agrees to provide to the Buyer, at closing, a written Notice
to Tenants indicating that the ownership of the building has been
transferred and that future rental cheques are to be made payable as
directed by the new owner. (Where applicable, the notice will also
confirm to the tenants that security deposits and/or post-date cheques
have been transferred to the new owner).
Buyer(s)
Seller(s)
initials required
initials required
Offer Date:
/
/
Buyer’s Initials:
Witness
Seller’s Initials:
Witness
PUBLISHED BY THE NOVA SCOTIA ASSOCIATION OF REALTORS ®
FORM 407-10/2008
®
WEBForms
Feb/2013
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