The Condo Purchase Agreement is a vital legal instrument used in Canadian real estate transactions for the purchase and sale of condominium units. This document is essential when transferring ownership of a condominium unit from a seller to a buyer, incorporating specific provisions required by provincial condominium legislation. The agreement includes detailed information about the unit, common elements, purchase price, deposit requirements, closing conditions, and condominium corporation obligations. It must comply with provincial real estate laws and condominium regulations, while protecting both parties' interests throughout the transaction. The document is particularly important as it addresses unique aspects of condominium ownership, such as shared facilities, maintenance fees, and corporation bylaws.
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) and seller(s) with full legal names and current addresses
2. Background: Context of the transaction and brief description of the property being sold
3. Definitions: Key terms used throughout the agreement including 'Property', 'Common Elements', 'Closing Date', etc.
4. Property Description: Detailed legal description of the condominium unit, parking, storage, and included fixtures/chattels
5. Purchase Price: Total purchase price, deposit structure, and payment terms
6. Deposit Terms: Amount, payment schedule, and handling of deposit funds
7. Closing Details: Closing date, possession date, and title transfer procedures
8. Representations and Warranties: Statements of fact by both parties about the property and their capacity to complete the transaction
9. Conditions: Standard conditions that must be met for the agreement to be binding
10. Title: Requirements for clear title and process for title search and insurance
11. Condominium Status Certificate: Requirements regarding the status certificate and review period
12. Common Expenses: Details of monthly maintenance fees and what they include
13. Adjustments: Items to be adjusted for on closing (taxes, utilities, maintenance fees)
14. Risk: Assignment of risk until closing and insurance requirements
15. Default: Consequences of default by either party
16. Notices: How and where formal notices must be delivered
17. General Provisions: Standard legal provisions including entire agreement, severability, and governing law
18. Execution: Signature blocks and date of agreement
1. Mortgage Financing: Include when buyer requires mortgage financing, detailing the condition and requirements
2. Home Inspection: Include when buyer wants right to conduct home inspection
3. Sale of Buyer's Property: Include when purchase is conditional on buyer selling their existing property
4. Rental Units: Include if the condo unit has existing tenants or rental arrangements
5. Special Assessments: Include if there are pending or ongoing special assessments
6. Renovation/Alteration Terms: Include if buyer plans specific renovations requiring condo board approval
7. Property Management: Include if there are specific property management transition issues
8. Foreign Buyer Provisions: Include if buyer is a non-resident of Canada
1. Schedule A - Legal Description: Detailed legal description of the property including unit number, level, building registration, and parking/storage units
2. Schedule B - Included Items: List of fixtures, appliances, and chattels included in the purchase price
3. Schedule C - Excluded Items: List of items specifically excluded from the sale
4. Schedule D - Common Elements: Description of common elements and exclusive use areas
5. Schedule E - Financial Terms: Detailed breakdown of purchase price, deposit structure, and payment terms
6. Schedule F - Condo Rules and Regulations: Current condominium corporation rules and regulations
7. Appendix 1 - Status Certificate: Most recent status certificate from the condo corporation
8. Appendix 2 - Floor Plans: Unit floor plans and measurements
9. Appendix 3 - Parking/Storage Layout: Plans showing location of parking and storage units
10. Appendix 4 - Recent Condo Documents: Recent minutes, financial statements, and other relevant condo corporation documents
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Legal Services
Financial Services
Insurance
Property Management
Construction
Banking
Professional Services
Relevant Teams
Legal
Real Estate
Property Management
Compliance
Risk Management
Documentation
Finance
Operations
Client Services
Administrative Support
Relevant Roles
Real Estate Agent
Real Estate Broker
Property Lawyer
Conveyancing Lawyer
Property Manager
Mortgage Advisor
Real Estate Paralegal
Title Examiner
Condominium Manager
Real Estate Transaction Coordinator
Legal Assistant
Real Estate Investment Advisor
Property Administrator
Closing Coordinator
Compliance Officer
Find the exact document you need
Lease Agreement With Option To Purchase (Real Estate)
A Canadian legal agreement combining property rental terms with an option for the tenant to purchase the property during or after the lease period.
Download
Offer To Purchase Commercial (Real Estate)
A Canadian legal document outlining terms and conditions for purchasing commercial real estate, serving as the initial step in a commercial property transaction.
Download
Option To Purchase Contract (Real Estate)
A Canadian legal agreement granting exclusive rights to purchase specific real estate property within a set timeframe and predetermined conditions.
Download
Offer Agreement (Real Estate)
A Canadian legal document presenting a formal offer to purchase real estate, outlining key terms and conditions under provincial law.
Download
Buyers Contract For House
A Canadian legal agreement outlining terms and conditions for residential property purchase, protecting buyer's interests while ensuring compliance with provincial real estate laws.
Download
Development Agreement (Real Estate)
A Canadian-law governed agreement establishing terms and conditions for real estate development projects, defining rights and obligations of all parties involved.
Download
Exclusive Contract (Real Estate)
A Canadian real estate contract establishing exclusive rights for a brokerage to market and sell/lease a property, governed by provincial regulations.
Download
Developer Agreement (Real Estate)
A Canadian-law governed agreement between a developer and property owner establishing terms and conditions for real estate development projects.
Download
Mutual Agreement (Real Estate)
A Canadian-compliant mutual agreement for real estate transactions, establishing terms and conditions for property transfer between parties under federal and provincial law.
Download
Lease Purchase Agreement (Real Estate)
A Canadian legal document combining a lease agreement with a purchase option for real estate, allowing tenants to rent with the right to buy at a preset price.
Download
Forward Purchase Agreement (Real Estate)
A Canadian law-governed agreement for the future purchase of real estate, typically used for properties under development, outlining purchase terms, construction specifications, and closing requirements.
Download
Buy Sell Agreement (Real Estate)
A Canadian legal contract governing the purchase and sale of real estate property, specifying terms, conditions, and obligations of buyers and sellers under Canadian law.
Download
Sellers Agreement (Real Estate)
A Canadian-compliant agreement between a property seller and real estate brokerage establishing terms for property listing and sale services.
Download
Standard Agreement For The Sale Of (Real Estate)
A legally binding agreement governed by Canadian law that documents the terms and conditions for the sale and purchase of real estate property.
Download
Side Agreement (Real Estate)
A supplementary agreement under Canadian law that modifies or adds terms to a primary real estate contract.
Download
Option Contract (Real Estate)
A Canadian legal agreement granting the exclusive right to purchase specific real estate at a predetermined price within a set timeframe.
Download
Non Exclusive Agreement (Real Estate)
A Canadian non-exclusive real estate agreement allowing property owners to work with multiple agents or sell independently, compliant with federal and provincial regulations.
Download
Joint Venture Agreement (Real Estate)
A Canadian-law governed agreement establishing a joint venture between parties for real estate development, investment, or management purposes.
Download
Joint Development Agreement (Real Estate)
A Canadian-law governed agreement establishing terms for multiple parties to jointly develop real estate projects, defining rights, responsibilities, and profit-sharing arrangements.
Download
Equity Sharing Agreement (Real Estate)
A Canadian-compliant legal agreement establishing terms and conditions for shared real estate ownership, including financial, management, and operational provisions.
Download
Exclusive Agreement (Real Estate)
A Canadian-law governed agreement establishing exclusive rights for a real estate agent/brokerage to market and sell/lease a property.
Download
Co Op Agreement (Real Estate)
A Canadian legal agreement establishing the relationship between a housing cooperative and its members, defining rights, responsibilities, and terms of cooperative living.
Download
Closing Agreement (Real Estate)
A Canadian legal document that finalizes real estate property transfers, detailing closing terms and conditions under federal and provincial jurisdiction.
Download
Lease To Own Commercial Property Contract
A Canadian legal agreement combining commercial property lease terms with a future purchase option, governed by federal and provincial commercial property laws.
Download
Real Estate Novation Agreement
A Canadian legal agreement that substitutes one party for another in an existing real estate contract, transferring all rights and obligations while maintaining the original terms.
Download
Property Easement Agreement
A Canadian legal document establishing rights for one party to use or access another's property for specific purposes, subject to provincial property laws and registration requirements.
Download
Offer To Lease Commercial Property
A Canadian legal document outlining proposed terms for leasing commercial property, serving as the foundation for the final lease agreement.
Download
Sale Agreement For House
A Canadian legal agreement documenting the terms and conditions for the sale and purchase of residential property, ensuring compliance with federal and provincial real estate laws.
Download
Property Agreement Between Two Parties
A Canadian-law governed agreement establishing property rights and obligations between two parties, including terms of transfer and ownership conditions.
Download
Lease Option Agreement Houses For Sale
A Canadian legal document combining a residential lease with an option to purchase the property, subject to federal and provincial real estate laws.
Download
Commercial Real Estate Listing Agreement
A Canadian jurisdiction agreement between a property owner and real estate brokerage establishing terms for listing and marketing commercial property for sale or lease.
Download
Agreement Between Land Owner And Developer
A Canadian legal agreement establishing terms between property owners and developers for land development projects, governed by provincial and municipal regulations.
Download
Wholesale Contract
A Canadian-law governed agreement establishing terms and conditions between wholesaler and buyer for the supply of goods at wholesale level.
Download
Standard Property Lease Agreement
A Canadian-compliant legal agreement establishing terms and conditions for residential property leasing, governed by federal and provincial laws.
Download
Residential Real Estate Contract
A legally binding agreement for residential property transfer in Canada, outlining sale terms and conditions while ensuring compliance with federal and provincial regulations.
Download
Real Estate Mortgage Agreement
A Canadian legal agreement establishing a security interest in real property between a lender and borrower, governed by federal and provincial laws.
Download
Property Exchange Agreement
A Canadian legal document facilitating the exchange of real property between parties, outlining terms, conditions, and compliance with federal and provincial requirements.
Download
Personal Property Purchase Agreement
A Canadian law-governed agreement for the sale and purchase of personal property, detailing transaction terms and transfer of ownership.
Download
Joint Venture Agreement Between Land Owner And Developer
A Canadian-compliant agreement establishing a joint venture between a land owner and property developer for real estate development purposes.
Download
Commercial Contract Unimproved Property
Canadian commercial contract template for unimproved property transactions, incorporating federal and provincial legal requirements.
Download
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)