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Home Offer Contract Template for Canada

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Key Requirements PROMPT example:

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."

Document background
The Home Offer Contract is a fundamental legal document used in Canadian residential real estate transactions when a prospective buyer wishes to make a formal offer to purchase a property. This document is typically prepared after the buyer has viewed the property and decided to proceed with a purchase offer. The contract includes crucial information such as property details, purchase price, deposit requirements, closing date, and any conditions that must be met before the sale becomes firm. While the specific format and requirements may vary by province, the Home Offer Contract must comply with provincial real estate laws and regulations. This document serves as the foundation for the entire transaction and, upon acceptance, becomes the binding Agreement of Purchase and Sale. It is essential for protecting both buyers' and sellers' interests and ensuring a clear understanding of all terms and conditions of the proposed transaction.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

Real Estate

Legal Services

Financial Services

Insurance

Property Management

Construction

Banking

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Relevant Teams

Legal

Real Estate

Compliance

Property Management

Transaction Processing

Document Control

Risk Management

Client Services

Administrative Support

Investment Advisory

Relevant Roles

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

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Property Appraiser

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