The Earnest Money Form is a fundamental document in Canadian real estate transactions, designed to protect the interests of both buyers and sellers during property purchases. This document becomes necessary whenever a buyer makes a good faith deposit to demonstrate their serious intention to complete a property purchase. The form details how the earnest money will be handled, including the amount, payment method, holding arrangements, and conditions for release or forfeiture. It must comply with provincial real estate laws, trust account regulations, and federal anti-money laundering requirements. The document is particularly important as it provides legal recourse for both parties if the transaction fails to close and helps prevent disputes over deposit handling. Usage varies by province, with specific requirements adapted to local real estate practices and legal frameworks.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the buyer(s), seller(s), and escrow agent/brokerage holding the earnest money
2. Property Description: Legal description and address of the property being purchased
3. Earnest Money Details: Specific amount of earnest money, form of payment, and deadline for deposit
4. Deposit Terms: Details of where and how the earnest money will be held
5. Release Conditions: Conditions under which the earnest money will be released to either party
6. Default and Remedies: Consequences of default by either party and available remedies
7. Signatures: Execution block for all parties including dates and witness provisions
1. Additional Deposit Terms: Used when there are multiple deposit payments or special conditions for the deposit schedule
2. Interest Provisions: Required when parties agree that interest earned on the deposit will be handled in a specific way
3. Dispute Resolution: Optional section detailing specific procedures for resolving disputes about the earnest money
4. Special Instructions: Used when there are unique requirements or conditions for handling the earnest money
5. Foreign Buyer Provisions: Required when the buyer is not a Canadian resident and additional compliance requirements apply
1. Schedule A - Deposit Receipt: Confirmation of receipt of earnest money by the escrow agent/brokerage
2. Schedule B - Proof of Funds: Documentation showing the source and availability of earnest money funds
3. Schedule C - Wire Transfer Instructions: Specific banking details and procedures for wire transfer of earnest money
4. Appendix 1 - Release Authorization Form: Standard form for authorizing release of earnest money to either party
5. Appendix 2 - Dispute Resolution Procedures: Detailed procedures for handling disputes over earnest money if dispute resolution section is included
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking and Financial Services
Legal Services
Property Development
Property Management
Real Estate Investment
Construction
Mortgage Lending
Insurance
Relevant Teams
Real Estate Operations
Legal
Compliance
Property Management
Investment
Transaction Processing
Contract Administration
Risk Management
Document Control
Real Estate Sales
Real Estate Development
Relevant Roles
Real Estate Agent
Real Estate Broker
Property Manager
Real Estate Lawyer
Title Officer
Escrow Officer
Compliance Officer
Real Estate Developer
Investment Manager
Property Administrator
Real Estate Transaction Coordinator
Mortgage Broker
Real Estate Investment Advisor
Contract Administrator
Find the exact document you need
Lease Option To Buy Agreement
A Canadian legal agreement combining a property lease with an option for the tenant to purchase the property under specified terms and conditions.
find out more
Special Sales Contract (Real Estate)
A Canadian-law governed contract for real estate sales that details property transfer terms, conditions, and party obligations.
find out more
Simple Offer To Purchase Form
A Canadian legal document presenting a formal offer to purchase real property, incorporating essential terms and conditions in compliance with provincial regulations.
find out more
Commercial Truck Purchase Agreement
A Canadian-law governed agreement for the purchase and sale of commercial trucks, detailing transaction terms and regulatory compliance requirements.
find out more
Source Code Purchase Agreement
A Canadian-law governed agreement for the sale and transfer of software source code, including associated intellectual property rights and technical specifications.
find out more
Letter Of Intent (Real Estate)
A preliminary document under Canadian law that outlines the key terms and conditions for a proposed real estate transaction, serving as a framework for subsequent negotiations and agreements.
find out more
Bike Purchase Agreement
A Canadian-law governed agreement for the sale and purchase of bicycles, outlining terms of sale, warranties, and parties' responsibilities.
find out more
Offer And Acceptance (Real Estate)
A legally binding Canadian real estate document that outlines the terms and conditions of a property purchase offer and its acceptance, governed by provincial property laws.
find out more
Letter Of Intent Commercial (Real Estate)
A preliminary agreement document under Canadian law that outlines key terms and conditions for commercial real estate transactions, serving as a framework for final negotiations.
find out more
For Sale By Owner Real Estate Purchase Agreement
A Canadian legal agreement for direct property sales between owners and buyers without real estate agent involvement.
find out more
Contract For Selling A Car With Payments
A Canadian law-governed agreement for vehicle sale with installment payments, establishing payment terms, security interests, and ownership transfer conditions.
find out more
Heavy Equipment Purchase Agreement
A Canadian-law governed agreement for the purchase of heavy equipment, detailing specifications, terms, and conditions of sale while ensuring regulatory compliance.
find out more
Letter Of Intent To Purchase
A Canadian preliminary document outlining proposed terms and conditions for a purchase transaction, serving as a framework for subsequent formal agreements.
find out more
Lease With Option To Purchase Agreement
A Canadian legal agreement combining property lease terms with an option for the tenant to purchase the property under specified conditions and timeframes.
find out more
Conditional Purchase Agreement
A Canadian legal agreement establishing terms for a purchase transaction subject to specific conditions, incorporating federal and provincial legal requirements.
find out more
Agreement To Sell And Agreement For Sale
A Canadian legal document combining future sale commitment and current sale terms, governed by federal and provincial commercial laws.
find out more
Agreement For Sale Of Flat
A Canadian legal document governing the sale and purchase of a flat, detailing terms, conditions, and obligations of all parties involved in the property transfer.
find out more
Simple Stock Purchase Agreement
A Canadian-law governed agreement for the purchase and sale of corporate shares, detailing transaction terms and ensuring regulatory compliance.
find out more
Probate Purchase Agreement
A Canadian law-governed agreement for the purchase of probate estate assets, outlining terms, conditions, and compliance requirements for estate asset transfers.
find out more
Offer And Agreement To Purchase Mobile Home
A Canadian legal agreement governing the purchase and sale of mobile homes, addressing both property transfer and site arrangement terms under provincial regulations.
find out more
Non Binding Letter Of Intent To Purchase Product
A Canadian-law governed preliminary document expressing intent to purchase products while maintaining a non-binding status and outlining basic terms for negotiation.
find out more
Land Sell Agreement Form
A Canadian legal document governing the transfer of land ownership between parties, outlining all essential terms and conditions of the sale transaction.
find out more
Earnest Money Form
A Canadian legal document that formalizes and governs the earnest money deposit in real estate transactions, subject to provincial regulations.
find out more
Dealer Purchase Agreement
A Canadian-law governed agreement establishing terms for product sales between a manufacturer/supplier and dealer, including territorial rights, pricing, and operational requirements.
find out more
Cross Purchase Agreement
A Canadian-law agreement establishing terms and conditions for shareholders to purchase shares from other shareholders upon specified triggering events.
find out more
Agreement For House Purchase
A legal contract governing the purchase and sale of residential property in Canada, outlining terms, conditions, and obligations for property transfer.
find out more
Lease To Buy Land
A Canadian legal agreement combining a land lease with a purchase option, establishing terms for both temporary use and potential ownership transfer.
find out more
Gas Station Purchase Agreement
A Canadian law-governed agreement for the purchase and sale of a gas station business, including real estate, equipment, and operational assets.
find out more
Semi Truck Purchase Agreement Form
A Canadian-compliant purchase agreement form for semi trucks, covering vehicle specifications, purchase terms, and regulatory requirements under federal and provincial laws.
find out more
Horse Lease Agreement With Option To Purchase
Canadian-law governed agreement for horse leasing with purchase option, detailing lease terms, care requirements, and purchase conditions.
find out more
Contract For Selling A House By Owner
A Canadian legal agreement for the direct sale of residential property between owner and buyer without real estate agent involvement.
find out more
Wholesale Product Purchase Agreement
Canadian-law governed agreement for wholesale product purchases, establishing terms for bulk commercial transactions between businesses.
find out more
House Offer Contract
A Canadian legal document presenting a formal offer to purchase residential property, outlining key terms and conditions under Canadian federal and provincial law.
find out more
Tractor Purchase Agreement
A Canadian-law governed agreement establishing terms and conditions for the purchase and sale of a tractor, including specifications, pricing, warranties, and delivery terms.
find out more
Lease Buy Out Agreement
A Canadian-law governed agreement that enables early lease termination through a structured buyout payment and release of obligations.
find out more
Option To Purchase Form
A Canadian legal document granting the exclusive right to purchase specified property within a set timeframe and price, subject to federal and provincial regulations.
find out more
Land Offer To Purchase
A Canadian legal document outlining terms and conditions under which a buyer offers to purchase real estate property, subject to provincial/territorial regulations.
find out more
Pre Contract Agreement Property Purchase
A Canadian preliminary agreement outlining proposed terms and conditions for a property purchase, serving as a framework for negotiation and due diligence.
find out more
Simple Offer To Purchase Land Form
A Canadian legal document presenting a formal offer to purchase land or property, outlining key terms and conditions of the proposed transaction.
find out more
Hydrogen Purchase Agreement
A Canadian-law governed agreement setting out terms for commercial hydrogen sale and purchase, including quantity, quality, delivery, and regulatory compliance requirements.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)