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Real Estate Sale Contract By Owner Template for Canada

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Key Requirements PROMPT example:

Real Estate Sale Contract By Owner

"I need a Real Estate Sale Contract By Owner for selling my detached single-family home in Ontario, with a closing date of March 15, 2025, including standard warranties and a 10-day inspection period."

Document background
The Real Estate Sale Contract By Owner is specifically designed for private property sales in the Canadian real estate market where owners choose to sell their property directly without real estate agent representation. This document becomes necessary when property owners want to maintain control over the sale process while ensuring legal compliance and protection of their interests. It includes comprehensive sections covering property details, financial terms, conditions of sale, and closing requirements, all aligned with Canadian federal and provincial regulations. The contract is particularly valuable in today's market where private sales are becoming more common, offering a structured approach to completing property transactions while potentially reducing transaction costs. It provides all necessary legal safeguards while accommodating the specific needs of private sellers and buyers.
Suggested Sections

1. Parties: Identification of the seller and buyer with full legal names and current addresses

2. Background: Context of the sale and brief property introduction

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed legal description of the property and included/excluded items

5. Purchase Price and Deposit: Full purchase price, deposit amount, and payment terms

6. Financial Terms: Payment schedule, financing conditions, and monetary obligations

7. Title and Ownership: Guarantees of clear title and ownership transfer terms

8. Closing Date and Possession: Specified date of closing and possession transfer details

9. Representations and Warranties: Seller's declarations about property condition and legal status

10. Property Inspection: Buyer's rights and timeframes for property inspection

11. Closing Requirements: Documents and actions required from each party for closing

12. Property Insurance: Insurance requirements and risk transfer details

13. Default and Remedies: Consequences and remedies for contract breach

14. Notices: How formal communications between parties should be made

15. Governing Law: Applicable Canadian provincial law and jurisdiction

Optional Sections

1. Tenant Rights and Obligations: Required if property is currently tenanted, describing lease arrangements and tenant rights

2. Home Warranty: Include if seller is providing any specific warranties beyond statutory requirements

3. Renovation Agreement: Include if seller agrees to complete specific repairs or renovations before closing

4. Property Management: Required if there are interim property management arrangements

5. Condominium Provisions: Include if property is a condominium unit

6. Well and Septic: Include for rural properties with private water and sewage systems

7. Survey Provisions: Include if new survey is required or existing survey is being relied upon

8. HST/GST Provisions: Required for new properties or commercial properties subject to HST/GST

9. Farm/Agricultural Provisions: Include for agricultural properties with special considerations

Suggested Schedules

1. Schedule A - Property Details: Comprehensive property description, boundaries, and included fixtures/chattels

2. Schedule B - Financial Terms: Detailed breakdown of purchase price, deposit, and payment structure

3. Schedule C - Property Disclosure Statement: Seller's detailed disclosure about property condition and known issues

4. Schedule D - Permitted Encumbrances: List of accepted liens, easements, or encumbrances on the property

5. Schedule E - Included/Excluded Items: Detailed list of items included/excluded from the sale

6. Appendix 1 - Property Photos: Current dated photographs of property condition

7. Appendix 2 - Floor Plans: Current floor plans and property measurements

8. Appendix 3 - Site Plan: Property survey or site plan showing boundaries and structures

9. Appendix 4 - Inspection Reports: Any existing inspection reports or property assessments

Authors

Alex Denne

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

Relevant legal definitions








































Clauses



































Relevant Industries

Real Estate

Legal Services

Financial Services

Insurance

Property Management

Construction

Urban Planning

Property Development

Banking

Professional Services

Relevant Teams

Legal

Real Estate Operations

Property Management

Document Processing

Compliance

Risk Management

Financial Services

Insurance Operations

Title Services

Customer Relations

Relevant Roles

Property Owner

Real Estate Lawyer

Mortgage Broker

Title Insurance Officer

Property Appraiser

Home Inspector

Legal Document Specialist

Conveyancing Clerk

Property Manager

Financial Advisor

Insurance Underwriter

Municipal Planning Officer

Real Estate Consultant

Banking Officer

Legal Compliance Officer

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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