Purchase And Sale Agreement Commercial (Real Estate) Template for Canada

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Purchase And Sale Agreement Commercial (Real Estate)

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Purchase And Sale Agreement Commercial (Real Estate)

"I need a Purchase And Sale Agreement Commercial (Real Estate) for acquiring a multi-tenant office building in Toronto, with existing leases to be assigned and specific environmental due diligence requirements due to the property's previous industrial use, with closing scheduled for March 15, 2025."

Document background
The Purchase And Sale Agreement Commercial (Real Estate) is a fundamental legal instrument used in Canadian commercial property transactions. It serves as the primary document governing the transfer of commercial real estate between parties, incorporating all necessary elements required under Canadian federal and provincial laws. This agreement is essential when any business entity or individual is purchasing or selling commercial real property, whether it's office buildings, retail spaces, industrial facilities, or mixed-use developments. The document encompasses crucial elements such as property description, purchase price, conditions precedent, due diligence requirements, representations and warranties, and closing procedures, all tailored to comply with Canadian legal requirements. It includes specific provisions for GST/HST treatment, environmental compliance, and title transfer procedures unique to Canadian jurisdictions.
Suggested Sections

1. Parties: Identifies and provides full legal details of the vendor and purchaser

2. Background: Provides context for the transaction and confirms the vendor's ownership and intention to sell and purchaser's intention to buy

3. Definitions: Defines key terms used throughout the agreement

4. Property Description: Detailed description of the real property, including legal description and municipal address

5. Purchase Price: States the purchase price and breaks down the deposit and payment structure

6. Deposit: Details the amount, payment timing, and handling of the deposit

7. Due Diligence: Outlines the purchaser's investigation rights and timeline for property inspection and document review

8. Conditions Precedent: Lists conditions that must be satisfied before closing, including financing and due diligence conditions

9. Representations and Warranties: Standard representations and warranties from both vendor and purchaser

10. Closing Procedures: Details the closing process, including documentation requirements and timing

11. Adjustments: Specifies how property taxes, utilities, and other expenses will be adjusted between parties

12. Risk: Addresses risk transfer and insurance requirements until closing

13. Default and Remedies: Specifies consequences of default by either party

14. Notices: Specifies how and where formal notices must be delivered

15. General Provisions: Standard boilerplate provisions including governing law, time of essence, etc.

Optional Sections

1. Environmental Matters: Required when there are known environmental issues or for properties with industrial use history

2. Existing Tenancies: Required when the property has existing tenants and lease agreements

3. Property Management: Used when there are ongoing property management contracts to be addressed

4. Development Rights: Included when there are unused development rights or pending applications

5. Foreign Investment: Required when the purchaser is a foreign entity subject to Investment Canada Act

6. GST/HST Certificate: Required when specific GST/HST elections or certificates are needed

7. Vendor Financing: Included when the vendor is providing any form of financing

8. Property Management Transition: Used for properties with complex management requirements requiring transition period

Suggested Schedules

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

2. Schedule B - Permitted Encumbrances: List of permitted liens, encumbrances, and restrictions

3. Schedule C - Leases: List and details of all existing leases and tenancies

4. Schedule D - Service Contracts: List of existing service contracts and their status

5. Schedule E - Chattels and FF&E: Inventory of included personal property and fixtures

6. Schedule F - Environmental Reports: List of environmental reports and their findings

7. Schedule G - Rent Roll: Current rent roll and tenant payment status

8. Schedule H - Form of Transfer/Deed: Form of transfer documentation to be used

9. Schedule I - Vendor's Deliveries: List of documents to be delivered by vendor

10. Schedule J - Property Condition Report: Current condition assessment of the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Commercial Real Estate

Retail

Office Space

Industrial

Hospitality

Manufacturing

Warehousing

Mixed-Use Development

Healthcare Facilities

Professional Services

Banking and Finance

Insurance

Relevant Teams

Legal

Real Estate

Finance

Risk Management

Corporate Development

Operations

Facilities Management

Asset Management

Investment

Compliance

Due Diligence

Property Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Real Estate Director

Property Manager

Commercial Lawyer

Real Estate Broker

Development Manager

Facilities Manager

Investment Analyst

Risk Manager

Asset Manager

Acquisition Manager

Legal Counsel

Commercial Property Director

Real Estate Investment Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Vehicle Sales Contract Between Individuals

A comprehensive contract template for private vehicle sales between individuals in Canada, ensuring compliance with federal and provincial regulations.

find out more

Real Estate Sale Contract By Owner

A legally compliant Canadian real estate contract for direct property sales between owner and buyer without real estate agent involvement.

find out more

Property Offer To Purchase Agreement

A Canadian legal document outlining terms and conditions for a proposed property purchase, including price, conditions, and closing details.

find out more

Purchase And Sale Agreement Commercial (Real Estate)

A Canadian-law governed agreement for the purchase and sale of commercial real estate property, detailing all transaction terms and compliance requirements.

find out more

Generic Real Estate Sales Contract

A standardized Canadian real estate purchase agreement that facilitates property transactions while ensuring compliance with federal and provincial regulations.

find out more

Purchase Sale Agreement Business

A Canadian-law governed agreement that documents the terms and conditions for the sale and purchase of a business, including all relevant assets or shares and associated obligations.

find out more

Agreement Of Sale Of Motor Vehicle

A Canadian-compliant legal agreement documenting the sale and purchase of a motor vehicle, including all essential terms and conditions required by federal and provincial laws.

find out more

Sell And Purchase Agreement

A Canadian law-governed agreement documenting the terms and conditions for the transfer of assets or property from seller to purchaser.

find out more

Home Purchase Contract For Sale By Owner

A legal agreement for private residential property sales in Canada, structured for direct transactions between seller and buyer without real estate agent involvement.

find out more

Simple Home Purchase Agreement

A standardized legal agreement for residential property purchases in Canada, outlining key terms and conditions between buyer and seller.

find out more

Letter Of Intent For Property Sale

A preliminary document used in Canadian property transactions that outlines proposed terms and conditions for a property sale, serving as a framework for the final purchase agreement.

find out more

Home For Sale By Owner Contract

A Canadian legal agreement for private property sales without real estate agent representation, ensuring compliant direct sales between property owners and buyers.

find out more

Simple Lot Purchase Agreement

A Canadian law-governed agreement for the purchase and sale of a land lot, detailing transaction terms, conditions, and party obligations.

find out more

Sales With Buyback Agreement

Canadian-law governed agreement for sale of goods with predetermined future repurchase terms, compliant with federal and provincial regulations.

find out more

Lot Sale Contract

A Canadian legal agreement for the purchase and sale of vacant land or developable lots, complying with federal and provincial real estate regulations.

find out more

Land Contract Purchase Agreement

A Canadian legal agreement documenting the terms and conditions for the purchase and sale of land, ensuring compliance with federal and provincial property laws.

find out more

Contract For Deed Purchase Agreement

A Canadian legal agreement where a property seller finances the purchase directly, maintaining title until full payment while the buyer takes possession and makes installment payments.

find out more

Contract To Buy And Sell Real Estate Residential

A Canadian legal agreement governing the purchase and sale of residential real estate, outlining all essential terms and conditions for property transfer.

find out more

Private Land Sale Contract

A legally binding agreement for private land transfer between parties in Canada, outlining sale terms and conditions in compliance with Canadian property law.

find out more

New Home Sales Contract

A Canadian legal agreement for the sale and purchase of newly constructed residential properties, outlining all essential aspects of the transaction and ensuring regulatory compliance.

find out more

As Is Home Sale Contract

A Canadian legal agreement for the sale of property in its current condition ("as is"), with limited seller warranties while maintaining compliance with mandatory disclosure requirements.

find out more

Simple Agreement Of Sale

A Canadian-law governed agreement that documents the basic terms and conditions for the sale of goods or property between a seller and buyer.

find out more

Real Estate Offer To Purchase Contract

A legally binding document used in Canadian jurisdictions to formalize a buyer's offer to purchase real property, including all essential terms and conditions of the proposed transaction.

find out more

Simple Land Purchase Agreement

A standardized agreement for land purchase transactions in Canada, documenting the terms and conditions of property transfer between seller and buyer.

find out more

Sell Buy Back Agreement

A Canadian-law governed agreement documenting the sale of securities with a simultaneous commitment to repurchase them at a future date for a specified price.

find out more

Sell And Buy Back Agreement

A Canadian-law governed agreement establishing terms for the sale of securities with a commitment to repurchase them at a future date and price.

find out more

Real Property Sales Contract

A Canadian-law governed contract for the sale and purchase of real property, documenting terms, conditions, and obligations of the transaction.

find out more

Agreement Of Sale Contract

A Canadian-law governed contract documenting the terms and conditions for the sale and transfer of assets, goods, or property between parties.

find out more

Sale And Buy Back Agreement

A Canadian law-governed agreement detailing the sale of assets with a predetermined buy-back arrangement, including terms for initial sale, interim period, and repurchase conditions.

find out more

Buyout Agreement

A Canadian-law governed agreement detailing the terms and conditions for the purchase and sale of a business interest, including purchase price, warranties, and closing conditions.

find out more

Buy And Sell Agreement

A Canadian legal document that formalizes the terms and conditions of a sale transaction between parties, outlining purchase details, price, and obligations under federal and provincial law.

find out more

Real Estate Sales Contract

A legally binding agreement for property transfer in Canada, outlining terms of sale and complying with federal and provincial real estate laws.

find out more

Home Sale Contract

A legally binding agreement under Canadian law for the sale and purchase of residential property, detailing all terms and conditions of the real estate transaction.

find out more

Asset Purchase And Sale Agreement

A legally binding agreement under Canadian law that governs the sale and purchase of specific assets between parties, detailing terms, conditions, and obligations of the transaction.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.