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Sales Contract For Land Purchase
"I need a Sales Contract For Land Purchase for acquiring a commercial property in Ontario, Canada, with specific provisions for environmental assessment and existing tenant rights, planned to close by March 2025."
1. Parties: Identifies and provides full legal details of the vendor and purchaser
2. Background: Provides context for the agreement and confirms vendor's ownership and authority to sell
3. Definitions: Defines key terms used throughout the agreement
4. Property Description: Detailed legal description of the land and any improvements included in the sale
5. Purchase Price: Specifies the purchase price, deposit amount, and payment terms
6. Deposit: Details regarding the deposit amount, timing, and how it will be held
7. Closing: Specifies the closing date and closing procedures
8. Representations and Warranties: Standard representations and warranties from both vendor and purchaser
9. Title: Requirements for clear title and process for addressing title defects
10. Due Diligence: Purchaser's rights and timeline for property inspection and document review
11. Conditions Precedent: Conditions that must be satisfied before closing
12. Adjustments: How property taxes, utilities, and other expenses will be adjusted between parties
13. Vendor's Obligations: Specific obligations of the vendor before and at closing
14. Purchaser's Obligations: Specific obligations of the purchaser before and at closing
15. Default: Consequences of default by either party
16. Notices: How formal notices under the agreement must be given
17. General Provisions: Standard contract clauses including governing law, assignment, and amendment procedures
1. Environmental Matters: Used when environmental investigations or warranties are required, particularly for commercial properties
2. Tenant Rights: Required when the property is sold subject to existing tenancies
3. GST/HST: Included when GST/HST applies to the transaction
4. Development Obligations: Used when the property is being sold for development purposes with specific requirements
5. Agricultural Land Provisions: Required when the property is within the Agricultural Land Reserve
6. Heritage Requirements: Included when the property has heritage designation or potential
7. First Nations Considerations: Required when the property involves First Nations lands or rights
8. Foreign Buyer Provisions: Used when addressing compliance with foreign buyer restrictions
9. Subdivision Requirements: Included when the sale involves a subdivision of land
10. Property Management: Used when interim property management arrangements are needed between agreement and closing
1. Schedule A - Legal Description: Detailed legal description of the property from title documents
2. Schedule B - Permitted Encumbrances: List of permitted title encumbrances that will remain on title
3. Schedule C - Purchase Price Adjustments: Detailed breakdown of purchase price adjustments
4. Schedule D - Property Inclusions: List of fixtures and chattels included in the sale
5. Schedule E - Property Exclusions: List of items specifically excluded from the sale
6. Schedule F - Form of Transfer/Deed: Form of transfer documents to be used
7. Schedule G - Vendor's Deliveries: List of documents and items to be delivered by vendor
8. Appendix 1 - Site Plan: Survey or site plan of the property
9. Appendix 2 - Environmental Reports: Any environmental assessment reports
10. Appendix 3 - Title Search: Current title search results and registered encumbrances
Authors
Adjustments
Agreement
Business Day
Closing
Closing Date
Completion
Conditions Precedent
Deposit
Due Diligence Period
Effective Date
Encumbrances
Environmental Laws
Fixtures
GST/HST
Improvements
Land
Land Title Office
Land Transfer Tax
Lands
Laws
Material Adverse Change
Permitted Encumbrances
Property
Property Taxes
Purchase Price
Purchaser
Purchaser's Solicitors
Real Property
Registration
Statement of Adjustments
Survey
Title
Title Insurance
Transfer Documents
Vendor
Vendor's Solicitors
Warranties
Property Description
Purchase Price
Payment Terms
Deposit
Due Diligence
Title
Representations and Warranties
Conditions Precedent
Closing Conditions
Property Inspection
Environmental Matters
Property Transfer
Risk and Insurance
Adjustments
Tax Matters
Default
Remedies
Force Majeure
Assignment
Notices
Confidentiality
Governing Law
Dispute Resolution
Entire Agreement
Amendment
Severability
Time of Essence
Further Assurances
Survival
Real Estate
Commercial Property
Residential Property
Agriculture
Industrial
Retail
Hospitality
Healthcare
Education
Development & Construction
Natural Resources
Government & Public Sector
Legal
Real Estate
Property Management
Acquisitions
Finance
Compliance
Risk Management
Facilities
Development
Corporate Services
Investment
Real Estate Lawyer
Property Manager
Real Estate Agent
Land Developer
Commercial Property Director
Acquisitions Manager
Real Estate Investment Manager
Legal Counsel
Property Acquisitions Specialist
Development Director
Facilities Manager
Corporate Real Estate Manager
Chief Financial Officer
Real Estate Portfolio Manager
Risk Management Officer
Compliance Officer
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