Residential Real Estate Purchase Contract
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5RESIDENTIAL REAL ESTATE PURCHASE CONTRACT
This Contract is between:
______________________________________________________________
THE SELLER
Name
And
_______________________________________________________________
THE BUYER
Name
PROPERTY
1.1
The Property is the Land, Buildings, Unattached and Attached Goods located at (municipal address):
__________________________________________________________________________________________
1.2
The legal description of the Property is:
Plan ________
Block________
Lot ______ Condo Plan _______Unit No. ______ Parking Unit ______
Other______________________________________________________________________________________
1.3
The unattached Goods (chattels) described as follows:
__________________________________________________________________________________________
__________________________________________________________________________________________
1.4
All Attached Goods (fixtures) except for:
__________________________________________________________________________________________
__________________________________________________________________________________________
1.5
Unless otherwise agreed in writing, title will be free and clear of all encumbrances, registrations and obligations except the following:
(a)
those implied by law;
(b)
non-financial obligations now on title such as easements, utility rights-of-way, covenants and conditions that are normally found
registered against property of this nature and which do not affect the salability of the Property;
(c)
homeowners association caveats, encumbrances and similar registrations; and
(d)
those items which the Buyer agreed to assume in this Contract.
TRANSACTION
2.1
The Buyer and the Seller agree to act cooperatively, reasonably, diligently and in good faith.
2.2
Other than the Deposits, the Buyer shall pay the Purchase Price by certified cheque, lawyer's trust cheque, bank draft or other agreed value
as follows:
$______________________
Initial Deposit
$______________________
Additional Deposit
$______________________ Assumption of Mortgage
(approximate principal balance)
$_______________________
New Financing
$_______________________
Seller Financing
$_______________________
Other Value
$________________________
Balance Owing
(subject to adjustments)
$________________________
Purchase Price
(u
nless otherwise agreed in writing, the Purchase Price
includes any applicable Goods and Services Tax GST).
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