Document background
The Deed of Sale Agreement of Immovable Property is a crucial legal instrument in Canadian real estate transactions, used whenever there is a transfer of ownership of land, buildings, or other fixed property. This document is essential for both residential and commercial property transactions across all Canadian provinces, though specific requirements may vary by jurisdiction. It serves as the primary agreement that documents the complete terms of sale, including property details, price, payment terms, conditions, and warranties. The agreement must comply with provincial property laws, registration requirements, and the Statute of Frauds. It is typically prepared by legal professionals and requires proper execution in the presence of witnesses or a notary public, depending on provincial requirements. This type of agreement is particularly important as it forms the basis for the property's title transfer and registration in the provincial land registry system.
