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Home Offer Contract
"I need a Home Offer Contract for purchasing a newly-built detached house in Ontario, Canada, with a closing date of March 15, 2025, including specific clauses for new construction warranty and final inspection requirements."
1. Parties: Identifies and provides full legal names and addresses of the buyer(s) and seller(s)
2. Background: Brief context of the transaction and acknowledgment of the parties' intention to enter into a binding agreement
3. Definitions: Defines key terms used throughout the agreement
4. Property Description: Detailed legal description of the property, including address, lot number, and plan number
5. Purchase Price: States the total purchase price and currency
6. Deposit: Specifies the amount, payment terms, and handling of the deposit
7. Payment Terms: Details of how and when the purchase price will be paid
8. Closing Date: Specifies the date when the transaction will be completed and possession transferred
9. Included Items: Lists all fixtures and chattels included in the purchase price
10. Excluded Items: Lists items specifically excluded from the sale
11. Conditions Precedent: Lists all conditions that must be satisfied before the agreement becomes firm
12. Representations and Warranties: Statements of fact by both parties about the property and their capacity to enter into the agreement
13. Title: Provisions regarding clear title and the buyer's right to examine title
14. Closing Requirements: Lists documents and requirements needed for closing
15. Risk: Addresses responsibility for the property until closing
16. Default: Consequences of default by either party
17. Notices: How formal communications between parties should be made
18. General Provisions: Standard legal provisions including governing law, assignment, and entire agreement
1. Tenant Rights and Obligations: Required when the property is currently tenanted, addressing lease agreements and possession dates
2. Home Inspection Condition: When buyer wants to make the purchase conditional on a satisfactory home inspection
3. Financing Condition: When buyer requires mortgage financing to complete the purchase
4. Swimming Pool/Hot Tub Provisions: When property includes these features, addressing specific maintenance and safety requirements
5. Sale of Buyer's Property Condition: When purchase is conditional on buyer selling their existing property
6. Multiple Offer Provisions: When there are multiple offers on the property
7. Rental Equipment: When there is rented equipment (e.g., water heater, security system) that needs to be addressed
8. Environmental Provisions: When there are environmental concerns or requirements
9. Heritage Property Provisions: When the property has heritage designation
10. Condominium Provisions: When the property is a condominium unit
1. Schedule A - Property Details: Detailed description of the property including lot size, dimensions, and zoning information
2. Schedule B - Included Items: Detailed list of all fixtures, chattels, and other items included in the sale
3. Schedule C - Excluded Items: Detailed list of items specifically excluded from the sale
4. Schedule D - Additional Terms and Conditions: Any additional terms and conditions specific to this transaction
5. Schedule E - Property Disclosure Statement: Seller's disclosure of known issues or defects with the property
6. Appendix 1 - Property Survey: Current survey of the property showing boundaries and structures
7. Appendix 2 - Floor Plans: Detailed floor plans of the property
8. Appendix 3 - Title Search Results: Results of preliminary title search
9. Appendix 4 - Photographs: Recent photographs of the property and included items
10. Appendix 5 - Home Inspection Report: If applicable, the home inspection report when completed
Authors
Real Estate
Legal Services
Financial Services
Insurance
Property Management
Construction
Banking
Property Development
Professional Services
Legal
Real Estate
Compliance
Property Management
Transaction Processing
Document Control
Risk Management
Client Services
Administrative Support
Investment Advisory
Real Estate Agent
Real Estate Broker
Real Estate Lawyer
Property Lawyer
Mortgage Specialist
Property Manager
Real Estate Paralegal
Title Examiner
Conveyancer
Real Estate Transaction Coordinator
Compliance Officer
Legal Assistant
Real Estate Administrator
Property Appraiser
Real Estate Investment Advisor
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