Closing Agreement (Real Estate) Template for Canada

1. Tenant Provisions: Required when the property is currently tenanted, addressing lease assignments and tenant notifications

2. Mortgage Assumptions: Included when the purchaser is assuming existing mortgages

3. Property Management Transition: Needed for commercial properties with ongoing management contracts

4. Condominium Provisions: Required for condominium unit transfers, including status certificate acknowledgments

5. Environmental Matters: Important for properties with known environmental issues or recent assessments

6. Post-Closing Obligations: Used when certain obligations continue after closing

7. Vendor Rent-Back: Included when the vendor will temporarily lease back the property after closing

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

2. Schedule B - Permitted Encumbrances: List of accepted liens, easements, and encumbrances

3. Schedule C - Closing Adjustments: Detailed calculations of tax, utility, and other closing adjustments

4. Schedule D - Included Chattels: Itemized list of personal property included in the sale

5. Schedule E - Excluded Fixtures: List of fixtures that are not included in the sale

6. Schedule F - Required Repairs: List of any repairs agreed to be completed before closing

7. Appendix 1 - Property Documents: List of property documents to be transferred to purchaser

8. Appendix 2 - Service Contracts: Copies of relevant service contracts being assigned