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As Is Home Sale Contract Template for Canada

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Key Requirements PROMPT example:

As Is Home Sale Contract

"I need an As Is Home Sale Contract for a heritage property in Ontario that I'm selling to a property development company, with specific emphasis on the building's historical features and current structural condition, closing planned for March 2025."

Document background
The As Is Home Sale Contract is a specialized agreement used in Canadian real estate transactions where the buyer agrees to purchase property in its existing condition. This document is particularly relevant when sellers wish to limit their liability for property conditions or when selling properties that may need repairs or renovation. While the contract emphasizes the "as is" nature of the sale, it must still comply with Canadian provincial and federal regulations regarding mandatory disclosures and property transfer requirements. The agreement typically includes detailed property descriptions, purchase terms, and explicit acknowledgments from the buyer regarding the property's condition. This type of contract is commonly used for foreclosure sales, estate sales, or situations where the seller has limited knowledge of the property's condition.
Suggested Sections

1. Parties: Identifies and provides full legal names and addresses of the seller and purchaser

2. Background: Establishes the context of the sale and confirms the seller's ownership of the property

3. Definitions: Defines key terms used throughout the agreement

4. Property Description: Detailed legal description of the property being sold, including municipal address and legal land description

5. Purchase Price and Payment Terms: Specifies the agreed purchase price, deposit amount, and payment structure

6. 'As Is' Condition and Acknowledgment: Explicitly states that the property is being sold 'as is' and details the implications of this condition

7. Buyer's Acknowledgment of Property Condition: Buyer's confirmation of property inspection and acceptance of current condition

8. Seller's Disclosures: Mandatory disclosures required by law, even in 'as is' sales

9. Closing Date and Possession: Specifies the closing date and terms of possession transfer

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

11. Risk: Addresses risk transfer and insurance responsibilities until closing

12. Default and Remedies: Outlines consequences of default by either party

13. Notices: Specifies how and where formal notices must be delivered

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

15. Entire Agreement: Confirms that the written contract represents the complete agreement between parties

Optional Sections

1. Chattels and Fixtures: Used when specific items are included or excluded from the sale

2. Financing Condition: Include when buyer requires mortgage financing to complete the purchase

3. Property Management: Used for properties with tenant occupancy or ongoing management requirements

4. Environmental Matters: Include when there are known environmental issues or concerns

5. Survey Condition: Used when a new survey is required or an existing survey needs verification

6. HST/GST Provisions: Include for properties where HST/GST applies to the sale

7. Foreign Buyer Provisions: Include when purchaser is not a Canadian citizen or permanent resident

8. Common Elements: Used for properties that include shared or common elements

9. Spousal Consent: Include when the property is or was a matrimonial home

Suggested Schedules

1. Schedule A - Legal Description: Detailed legal description of the property from land registry

2. Schedule B - Permitted Encumbrances: List of existing encumbrances that will continue after sale

3. Schedule C - Included Chattels: Itemized list of movable items included in the sale

4. Schedule D - Excluded Fixtures: List of attached items that are specifically excluded from the sale

5. Schedule E - Known Defects: List of known issues with the property disclosed by seller

6. Schedule F - Recent Repairs: Documentation of any recent repairs or renovations

7. Appendix 1 - Property Disclosure Statement: Standard form disclosure of property condition

8. Appendix 2 - Inspection Reports: Any existing inspection reports provided by seller

9. Appendix 3 - Property Photographs: Documentation of property condition at time of sale

Authors

Alex Denne

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

Relevant legal definitions




































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Relevant Industries

Real Estate

Legal Services

Financial Services

Property Management

Construction

Insurance

Property Development

Professional Services

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Sales

Finance

Risk Management

Operations

Administrative Support

Investment

Relevant Roles

Real Estate Agent

Real Estate Broker

Property Lawyer

Conveyancing Lawyer

Real Estate Legal Counsel

Property Manager

Mortgage Advisor

Title Officer

Real Estate Transaction Coordinator

Compliance Officer

Legal Assistant

Real Estate Administrator

Property Developer

Real Estate Investment Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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