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Sell Contract For Deed
"I need a Sell Contract For Deed for a commercial warehouse property in Ontario, with a purchase price of $2.5M, requiring 15% down payment and monthly installments over 10 years starting March 1, 2025, with the buyer responsible for all property taxes and insurance."
1. Parties: Identifies and provides full legal names and addresses of the vendor and vendee
2. Background: Explains the context of the agreement, confirms vendor's ownership and vendee's interest in purchasing
3. Definitions: Defines key terms used throughout the agreement
4. Property Description: Detailed legal description of the property being sold
5. Purchase Price and Payment Terms: Specifies total purchase price, down payment, regular payment amounts, payment schedule, and interest rate
6. Title and Possession: Outlines when and how title will transfer, and conditions for possession
7. Vendor's Representations and Warranties: Vendor's assurances about property condition, title, and authority to sell
8. Vendee's Covenants: Vendee's obligations including maintenance, insurance, property tax payments, and use restrictions
9. Default and Remedies: Consequences of default by either party and available remedies
10. Insurance Requirements: Specifies required property insurance and responsibility for maintaining coverage
11. Property Taxes and Assessments: Allocation of responsibility for property taxes and special assessments
12. Assignment and Transfer: Restrictions on selling or transferring rights under the agreement
13. Notice Requirements: How and where formal notices must be delivered
14. Governing Law: Specifies applicable Canadian provincial law
15. Execution: Signature blocks and witness requirements
1. Shared Utilities: Required when property shares utilities with other properties or has special utility arrangements
2. Existing Tenancies: Needed when property has current tenants who will remain after sale
3. Environmental Matters: Required for properties with known environmental issues or in environmentally sensitive areas
4. Property Management: Used when specific management requirements exist for multi-unit or commercial properties
5. First Nations Considerations: Required when property is on or adjacent to First Nations lands
6. Agricultural Use Provisions: Needed for farmland or properties with agricultural components
7. Mineral Rights: Required when mineral rights are being retained or separately transferred
8. Access Easements: Needed when property requires easements for access or utilities
1. Schedule A - Legal Description: Detailed legal description of the property including survey references
2. Schedule B - Payment Schedule: Amortization schedule showing all payments, principal, and interest allocations
3. Schedule C - Permitted Encumbrances: List of accepted liens, easements, or other encumbrances on the property
4. Schedule D - Property Inspection Report: Current condition report with photographs and noted deficiencies
5. Schedule E - Included Fixtures and Chattels: Itemized list of included personal property and fixtures
6. Appendix 1 - Property Tax Certificates: Current tax certificates showing any arrears or special assessments
7. Appendix 2 - Insurance Certificates: Proof of required insurance coverage
8. Appendix 3 - Site Plans: Property plans showing boundaries, structures, and significant features
Authors
Amortization Schedule
Closing Date
Default
Down Payment
Effective Date
Encumbrance
Events of Default
Fixtures
Improvements
Insurance Requirements
Interest Rate
Land
Legal Description
Notice
Parties
Payment Due Date
Permitted Encumbrances
Possession Date
Principal Balance
Property
Property Taxes
Purchase Price
Regular Payments
Special Assessments
Term
Title
Transfer Date
Vendee
Vendor
Warranties
Recitals
Definitions
Property Description
Purchase Price
Payment Terms
Title Retention
Possession Rights
Property Insurance
Property Taxes
Maintenance and Repairs
Representations and Warranties
Covenants
Default and Remedies
Risk of Loss
Assignment
Property Use
Improvements
Inspection Rights
Environmental Compliance
Insurance Requirements
Transfer of Title
Recording Rights
Notice Requirements
Dispute Resolution
Force Majeure
Severability
Governing Law
Amendment
Entire Agreement
Time of Essence
Further Assurances
Execution
Real Estate
Property Development
Agriculture
Commercial Property
Residential Property
Construction
Banking and Finance
Legal Services
Insurance
Land Development
Property Management
Legal
Real Estate
Compliance
Risk Management
Property Management
Contract Administration
Business Development
Investment
Operations
Document Management
Transaction Processing
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Contract Administrator
Real Estate Developer
Land Development Manager
Title Officer
Compliance Officer
Risk Manager
Real Estate Investment Manager
Property Development Director
Legal Document Specialist
Real Estate Transaction Coordinator
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