s. 5 - Land Title Section 5 of the Purchase Contract states the condition of the title before transfer to the buyer. 5.1 Title to the Property will be free…
s. 4 - Deposits (Continued) - Deposit Reimbursement, etc. In this post, we finish our review of S. 4 of the Purchase Contract (i.e. deposits). 4.6 The trustee will deposit…
s. 4 - Deposits Here, we start our review of s. 4 of the Purchase Contract. Most clauses are self-explanatory so we will add our commentary only where needed: 4.1…
s. 3.1 (j) - (m) - Contract Changes, Independent Advice, and Conveyancing The rest of s. 3.1 is rather self-explanatory: 3.1 (j) contract changes that are agreed to in writing…
s. 3.1 (i) - Independent Advice and Property Measurements Clause 3.1 (i) of the Purchase Contract reads:(i) The buyer may get independent inspections or advice on items such as land…
s. 3.1 (h) - Title Review and Non-Residency Continuing along, s. 3.1(h) reads: (h) the seller will ensure the seller’s representations and warranties are true by: (i) reviewing documents such…
S. 3.1 (g) - Due Diligence In this post we continue our review of s. 3.1 of the Purchase Contract. 3.1 In fulfilling this contract, the seller and buyer agree…
Purchase Agreement s. 3 - General Terms Here we review section 3 of the Residential Purchase Contract. Clauses 3.1 (a) to 3.1(e) are self-explanatory. So we start with clause (f).…
Purchase Agreement S. 2 - Completion Day In this post we provide some practical guidance regarding choosing a convenient “Completion Day”/“Closing Day” for your real estate transaction. We have seen…
Purchase Agreement - S. 2 Purchase Price and Completion Day s. 2.1 The Purchase Price is $_____________________________________ The previous version of the Purchase Contract used to include a breakdown of…