Document background
The Deed of Sale Condo is a crucial legal instrument used in Canadian real estate transactions for the transfer of condominium properties. This document is required whenever a condominium unit is sold, whether it's a new construction sale or a resale property. The deed must comply with provincial property laws, condominium acts, and land registry requirements. It contains detailed information about the property, parties involved, purchase price, and specific conditions of sale. A properly executed Deed of Sale Condo ensures clear title transfer and protects both parties' interests by documenting all aspects of the transaction, including any exclusive-use areas, parking spaces, storage units, and the unit's share in common elements. The document serves as permanent proof of the transfer and must be registered with provincial land registry offices to complete the conveyance of property.
