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The Deed of Sale Agreement is a fundamental legal instrument in Canadian real estate transactions, used whenever there is a transfer of real property ownership. This document is essential for both residential and commercial property transactions across all Canadian provinces and territories. The agreement serves multiple purposes: it formalizes the sale terms, provides evidence of ownership transfer, and ensures compliance with relevant legislation including the Land Titles Act and provincial property laws. A properly executed Deed of Sale Agreement typically includes detailed property descriptions, price and payment terms, warranties, and closing conditions. It must be drafted with careful attention to both federal requirements and specific provincial regulations where the property is located, making it crucial to have legal expertise involved in its preparation and execution.

1. Parties: Identifies and provides full legal details of the vendor and purchaser, including legal names, addresses, and registration numbers if applicable

2. Background: Outlines the context of the sale, confirming the vendor's ownership and intention to sell, and the purchaser's intention to buy

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Property Description: Detailed legal description of the property being sold, including lot number, plan, street address, and boundaries

5. Purchase Price: States the agreed purchase price and details of how and when it will be paid

6. Deposit: Specifies the deposit amount, when it must be paid, and how it will be held

7. Completion Date: Sets out the date when the sale will complete and title will transfer

8. Adjustments: Details how property taxes, utilities, and other ongoing expenses will be adjusted between parties

9. Property Condition: Describes the condition in which the property will be delivered and any included/excluded items

10. Representations and Warranties: Standard warranties about property ownership, authority to sell, and condition

11. Closing Procedures: Details the process for completing the sale, including documentation and payment requirements

12. Risk and Insurance: Specifies when risk transfers and insurance obligations

13. Default Provisions: Outlines remedies available if either party defaults

14. Notice: Specifies how and where formal notices between parties should be delivered

15. Governing Law: Confirms the agreement is governed by Canadian law and specifies the applicable province