Document background
A Purchase Agreement For Buying A House is a fundamental legal document used in Canadian residential real estate transactions. This agreement serves as the primary contract between a buyer and seller in a house purchase transaction, establishing all essential terms and conditions of the sale. It is designed to comply with both federal and provincial real estate laws in Canada, including requirements for property disclosure, land transfer procedures, and consumer protection measures. The agreement should be used whenever a residential property is being sold in Canada, whether it's a single-family home, townhouse, or condominium. It includes crucial information such as property details, purchase price, deposit requirements, closing date, conditions precedent (such as financing and inspection conditions), included fixtures and chattels, and specific provincial legal requirements. The document provides legal protection for both parties and serves as the foundation for the property transfer process.
