Memorandum Of Understanding For Flat Sale Template for Canada

1. Deposit Terms: Details of any initial deposit to be paid, used when parties agree to a deposit during MOU stage

2. Property Management: Interim management arrangements, relevant for tenanted properties

3. Environmental Matters: Environmental investigations and requirements, important for properties with potential environmental concerns

4. Broker/Agent Details: Information about involved real estate professionals, included when brokers are involved

5. Financing Conditions: Specific requirements regarding buyer's financing, included when financing is a key consideration

6. Property Access: Terms for accessing the property during due diligence, important for properties requiring extensive inspection

7. Cost Allocation: Distribution of transaction costs, included when parties want to pre-agree cost responsibilities

1. Property Description Schedule: Detailed description of the property including boundaries, fixtures, and fittings

2. Title Documents: List of relevant title documents and certificates

3. Current Tenancies: Details of existing tenants and lease agreements if applicable

4. Property Condition Report: Current condition of the property and known issues

5. Payment Schedule: Proposed structure and timing of payments

6. Due Diligence Checklist: List of required inspections and investigations

7. Required Repairs: List of repairs or improvements to be completed before sale