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Real Estate Offer Contract
"I need a Real Estate Offer Contract for purchasing a mixed-use commercial property in Toronto, with specific provisions for existing retail tenants and completion date set for March 15, 2025."
1. Parties: Identification of the buyer(s) and seller(s) with full legal names and current addresses
2. Background: Brief context of the transaction and purpose of the agreement
3. Definitions: Key terms used throughout the agreement defined for clarity
4. Property Description: Legal description and municipal address of the property being purchased
5. Purchase Price: The offered purchase amount, deposit details, and payment terms
6. Deposit: Amount, form, and timing of deposit payment, and terms for holding the deposit
7. Closing Date: Proposed date for completing the transaction and transfer of ownership
8. Included Items: List of fixtures and chattels included in the purchase price
9. Excluded Items: Items specifically excluded from the sale
10. Conditions Precedent: Conditions that must be satisfied before the agreement becomes firm and binding
11. Representations and Warranties: Statements of fact and promises made by both parties regarding the property and their capacity to complete the transaction
12. Closing Requirements: Actions and documents required from each party to complete the transaction
13. Insurance and Risk: Responsibility for insuring the property and assumption of risk until closing
14. Default and Remedies: Consequences and available remedies if either party fails to perform
15. Notices: How and where formal communications between parties should be delivered
16. Time of Essence: Clause establishing that all times and dates in the agreement are fundamental to the contract
17. Execution: Signature blocks and date of offer
1. Financing Condition: Used when buyer requires mortgage financing to complete the purchase
2. Home Inspection Condition: Used when buyer wishes to conduct a professional home inspection
3. Sale of Buyer's Property: Used when purchase is conditional on buyer selling their existing property
4. Rental Property Provisions: Used when property is currently tenanted, including details of existing leases
5. Swimming Pool/Hot Tub Compliance: Used when property includes these features requiring specific safety compliance
6. Environmental Concerns: Used when there are known or suspected environmental issues
7. Heritage Property Requirements: Used for properties with heritage designation
8. Condominium Provisions: Used for condominium purchases, including review of condo documents
9. GST/HST Provisions: Used for new construction or commercial properties where GST/HST applies
10. Property Management Transition: Used for income properties with existing management arrangements
1. Schedule A - Property Details: Detailed legal description, property boundaries, and survey information
2. Schedule B - Included Items: Detailed list of all fixtures and chattels included in the purchase
3. Schedule C - Excluded Items: Detailed list of items specifically excluded from the sale
4. Schedule D - Financial Terms: Detailed breakdown of purchase price, deposit, and payment terms
5. Schedule E - Existing Tenancies: Details of current lease agreements and tenant information
6. Schedule F - Property Condition Disclosure: Seller's disclosure of known property conditions and defects
7. Schedule G - Required Repairs: List of repairs agreed to be completed before closing
8. Appendix 1 - Property Survey: Current survey or real property report
9. Appendix 2 - Floor Plans: Building floor plans and measurements
10. Appendix 3 - Property Photographs: Recent photographs documenting property condition
Authors
Property
Purchase Price
Deposit
Closing
Closing Date
Completion Date
Buyer
Seller
Parties
Business Day
Chattels
Fixtures
Improvements
Title
Permitted Encumbrances
Purchase and Sale Agreement
Adjustments
Condition Date
Condition Precedent
Consideration
Conveyancing Documents
Due Diligence Period
Effective Date
Included Items
Excluded Items
Land
Legal Description
Notice
Offer
Property Taxes
Real Estate Agent
Real Property Report
Registration
Statement of Adjustments
Survey
Title Insurance
Transfer Documents
Vacant Possession
Warranties
Zoning
Requisition Date
HST/GST
Irrevocable Date
Material Defect
Mortgages
Permitted Assignments
Representations
Property Description
Purchase Price
Payment Terms
Deposit
Title
Property Transfer
Closing Conditions
Due Diligence
Property Inspection
Financing
Insurance
Representations and Warranties
Property Condition
Environmental
Included/Excluded Items
Possession
Default and Remedies
Risk Allocation
Property Access
Assignment
Time of Essence
Notices
Governing Law
Entire Agreement
Amendment
Severability
Force Majeure
Survival
Further Assurances
Legal Compliance
Title Insurance
Property Tax Adjustment
Utilities Adjustment
Conditional Sale
Real Estate Commission
Construction Warranties
Registration
Dispute Resolution
Termination
Real Estate
Legal Services
Financial Services
Insurance
Property Development
Property Management
Construction
Banking
Professional Services
Public Sector
Legal
Real Estate
Compliance
Property Management
Sales
Commercial Operations
Risk Management
Document Processing
Transaction Services
Investment
Administration
Real Estate Agent
Real Estate Broker
Property Lawyer
Notary Public
Mortgage Broker
Property Manager
Real Estate Developer
Legal Counsel
Compliance Officer
Title Examiner
Real Estate Paralegal
Property Administrator
Real Estate Investment Manager
Real Estate Analyst
Transaction Coordinator
Branch Manager
Conveyancing Clerk
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