Real Estate Sales Form Template for Canada

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Key Requirements PROMPT example:

Real Estate Sales Forms

"I need a Real Estate Sales Form for a commercial property transaction in Ontario, closing March 15, 2025, that includes specific environmental assessment clauses and provisions for existing telecom equipment leases on the roof."

Document background
Real Estate Sales Forms are essential legal documents used in Canadian property transactions to formalize the agreement between buyers and sellers. These forms are designed to comply with both federal and provincial legislation, including the Real Estate and Business Brokers Act, Land Titles Act, and relevant consumer protection laws. They are typically used when transferring property ownership, whether residential or commercial, and must include specific provisions required by Canadian law. The forms incorporate crucial elements such as property description, purchase price, conditions of sale, warranties, and closing requirements. They are structured to protect all parties' interests while ensuring transparency and legal compliance in the transaction process. These documents often serve as the foundation for property transfers and must be completed accurately to ensure a valid and enforceable agreement.
Suggested Sections

1. Parties: Identification of the seller and buyer with their complete legal names and addresses

2. Background: Context of the sale and brief property description

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed legal description of the property including address, lot number, and registration details

5. Purchase Price: The agreed purchase price and payment terms including deposit details

6. Deposit: Amount, payment schedule, and handling of the deposit

7. Closing Date: Date of completion of the sale and transfer of ownership

8. Title: Seller's warranty of clear title and buyer's right to title search

9. Representations and Warranties: Standard declarations by both parties regarding the property and their capacity to enter into the agreement

10. Property Condition: Current state of the property and any known defects

11. Inspections: Buyer's rights to property inspection and related conditions

12. Closing Adjustments: Pro-rating of property taxes, utilities, and other expenses

13. Risk: Transfer of risk and insurance responsibilities

14. Default: Consequences of breach by either party

15. Notices: How formal communications between parties should be made

16. Governing Law: Specification of applicable Canadian provincial law

17. Execution: Signature requirements and effective date

Optional Sections

1. Financing Condition: Used when buyer requires mortgage financing to complete the purchase

2. Sale of Buyer's Property: Included when purchase is conditional on buyer selling their existing property

3. Tenant Rights: Required when property is sold with existing tenants

4. Chattels and Fixtures: Detailed when specific items are included or excluded from the sale

5. Environmental Matters: Added for properties with potential environmental concerns

6. Development Conditions: Used for properties with development potential requiring specific approvals

7. Foreign Buyer Compliance: Required when buyer needs to demonstrate compliance with foreign buyer regulations

8. GST/HST Provisions: Included for new constructions or commercial properties where GST/HST applies

9. Property Management: Used for properties with ongoing management contracts or requirements

10. Condominium Provisions: Required for condominium unit sales

Suggested Schedules

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

2. Schedule B - Included Chattels: List of movable items included in the sale

3. Schedule C - Excluded Fixtures: List of attached items that are not included in the sale

4. Schedule D - Property Disclosure Statement: Seller's declarations about property condition and known issues

5. Schedule E - Title Searches: Results of title searches and any encumbrances

6. Schedule F - Environmental Reports: Any environmental assessments or reports

7. Schedule G - Survey: Property survey and location certificate

8. Schedule H - Inspection Reports: Results of property inspections

9. Schedule I - Tenant Details: Information about existing tenancies if applicable

10. Schedule J - Condominium Documents: Required documentation for condominium sales

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

Real Estate

Residential Property

Commercial Property

Legal Services

Financial Services

Insurance

Property Development

Property Management

Construction

Banking

Professional Services

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Sales

Contract Administration

Risk Management

Document Processing

Transaction Support

Property Acquisition

Title and Escrow

Due Diligence

Relevant Roles

Real Estate Agent

Real Estate Broker

Property Lawyer

Conveyancing Lawyer

Legal Counsel

Property Manager

Real Estate Developer

Mortgage Broker

Title Officer

Escrow Officer

Real Estate Paralegal

Compliance Officer

Real Estate Administrator

Contract Manager

Property Acquisition Manager

Real Estate Transaction Coordinator

Legal Document Specialist

Industries
Real Estate and Business Brokers Act (REBBA): Provincial legislation that regulates real estate professionals and transactions, ensuring consumer protection and professional standards in real estate dealings
Land Titles Act: Federal legislation governing the registration and transfer of land titles, ensuring clear property ownership and rights
Provincial Property Law Acts: Provincial laws governing property rights, transfer of ownership, and real estate transactions specific to each province
Personal Information Protection and Electronic Documents Act (PIPEDA): Federal privacy legislation that governs how private sector organizations collect, use and disclose personal information in commercial activities
Proceeds of Crime (Money Laundering) and Terrorist Financing Act: Federal legislation requiring reporting of large real estate transactions to prevent money laundering through property purchases
Environmental Protection Act: Federal and provincial environmental regulations that may affect property sales, particularly regarding contamination and environmental hazards
Provincial Consumer Protection Act: Provincial legislation protecting consumers in real estate transactions, including disclosure requirements and cooling-off periods
Residential Tenancies Act: Provincial legislation governing landlord-tenant relationships, which may affect property sales with existing tenants
Planning Act: Provincial legislation governing land use planning and development, affecting property subdivisions and use restrictions
Foreign Buyer Ban Regulations: Federal legislation restricting non-Canadian residents from purchasing residential property in Canada, effective from January 1, 2023
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

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