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For Sale By Owner Property Contract
"I need a For Sale By Owner Property Contract for my detached house in Ontario, including conditions for a swimming pool and basement apartment, with the sale to close by March 15, 2025."
1. Parties: Identification of the seller(s) and buyer(s) with full legal names and current addresses
2. Background: Brief context of the transaction and confirmation that the seller owns the property and wishes to sell to the buyer
3. Definitions: Key terms used throughout the agreement including Property, Closing Date, Purchase Price, Deposit, etc.
4. Property Description: Detailed legal description of the property including address, lot number, and registration details
5. Purchase Price and Payment: Total purchase price, deposit amount, payment schedule, and method of payment
6. Deposit Terms: Amount, payment timing, holder of deposit, and conditions for release or forfeiture
7. Closing Details: Closing date, time, location, and requirements for closing
8. Title and Ownership: Seller's warranties regarding clear title and process for title transfer
9. Property Condition: Current condition of property, included fixtures/chattels, and as-is clauses
10. Representations and Warranties: Standard warranties from both parties regarding authority to enter agreement and property condition
11. Closing Adjustments: How property taxes, utilities, and other expenses will be prorated
12. Default and Remedies: Consequences of default by either party and available remedies
13. Notices: How and where formal notices between parties should be delivered
14. Governing Law: Confirmation that the agreement is governed by Canadian law and specific provincial jurisdiction
15. Execution: Signature blocks for all parties and witnesses
1. Financing Condition: Used when buyer requires mortgage financing to complete purchase
2. Home Inspection Condition: When buyer wishes to conduct a home inspection before finalizing purchase
3. Sale of Buyer's Property: Condition making purchase dependent on buyer selling their current property
4. Tenant Rights: Required if property is currently tenanted, describing existing lease agreements and tenant rights
5. Swimming Pool/Hot Tub Compliance: For properties with pools/hot tubs, confirming compliance with safety regulations
6. Condominium Provisions: Required for condominium properties, including status certificate review
7. Well and Septic Provisions: For rural properties with private water and sewage systems
8. Heritage Property Requirements: For properties designated as heritage buildings
9. Multiple Unit Provisions: For properties with multiple residential units or income suites
1. Schedule A - Property Details: Comprehensive legal description and property boundaries
2. Schedule B - Included Items: Detailed list of fixtures and chattels included in sale
3. Schedule C - Excluded Items: List of items specifically excluded from sale
4. Schedule D - Property Disclosure Statement: Seller's disclosure of known issues or defects
5. Schedule E - Title Searches: Results of title searches and any encumbrances
6. Schedule F - Environmental Reports: Any environmental assessments or issues
7. Schedule G - Survey Certificate: Property survey details and certificate
8. Schedule H - Permitted Encroachments: Documentation of accepted encroachments or easements
9. Schedule I - Maintenance Records: History of major repairs and maintenance
Authors
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Insurance
Property Management
Urban Planning
Architecture
Home Inspection Services
Municipal Government
Property Assessment
Legal
Real Estate Operations
Property Management
Document Processing
Mortgage Services
Title Services
Risk Assessment
Property Assessment
Compliance
Customer Service
Administrative Support
Documentation
Property Owner
Real Estate Lawyer
Title Examiner
Mortgage Specialist
Property Appraiser
Home Inspector
Insurance Underwriter
Municipal Planning Officer
Property Assessor
Legal Document Specialist
Conveyancing Clerk
Property Manager
Bank Manager
Notary Public
Land Surveyor
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