The Land Installment Contract serves as an alternative financing mechanism in Canadian real estate transactions where traditional mortgage financing may not be suitable or available. This document type is particularly relevant when sellers are willing to finance the purchase directly, allowing buyers to make regular installment payments over time. The contract must be carefully structured to comply with provincial real estate laws, the federal Interest Act, and consumer protection regulations. A Land Installment Contract typically includes comprehensive provisions for property description, payment terms, maintenance responsibilities, insurance requirements, default remedies, and title transfer conditions. It's commonly used in situations involving private sales, property development projects, or when buyers need more flexible financing options than traditional mortgage arrangements.
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 seller and purchaser with full legal names and addresses
2. Background: Context of the transaction and brief description of the parties' intentions
3. Definitions: Key terms used throughout the agreement defined for clarity and consistency
4. Property Description: Detailed legal description of the property being sold, including municipal address and legal boundaries
5. Purchase Price and Payment Terms: Total purchase price, down payment, installment amount, payment schedule, and interest rate
6. Title and Possession: Terms regarding when title transfers, possession arrangements, and interim rights of the parties
7. Seller's Representations and Warranties: Seller's statements about property condition, title, and authority to sell
8. Purchaser's Representations and Warranties: Purchaser's statements about financial capacity and understanding of terms
9. Property Insurance and Maintenance: Requirements for insurance coverage and property maintenance during the contract term
10. Property Taxes and Expenses: Allocation of responsibility for property taxes, utilities, and other ongoing expenses
11. Default and Remedies: Consequences of default by either party and available remedies
12. Registration and Notice: Requirements for registration of the contract or notice on title
13. Assignment: Terms governing whether and how the contract can be assigned
14. Governing Law: Specification of applicable law and jurisdiction
15. Notice Provisions: Methods and addresses for giving formal notices under the contract
1. Property Inspection: Detailed terms regarding property inspection rights and consequences, used when the property requires significant inspection or has known issues
2. Environmental Matters: Provisions dealing with environmental conditions or risks, included when environmental concerns exist
3. Prepayment Rights: Terms allowing early payment of the purchase price, included when parties agree to prepayment options
4. Property Management: Terms for property management during the contract period, used for income-producing properties
5. Construction or Improvements: Provisions regarding planned construction or improvements, included when property modifications are contemplated
6. Third-Party Rights: Provisions dealing with existing tenants or other third-party rights, used when applicable
7. Acceleration Clause: Terms allowing acceleration of payments under specific circumstances, included when desired by seller
8. Balloon Payment: Terms for final larger payment, included when payment structure includes a balloon payment
1. Schedule A - Legal Description: Detailed legal description of the property including survey references and easements
2. Schedule B - Payment Schedule: Detailed amortization schedule showing all payments, interest, and principal allocations
3. Schedule C - Property Condition Report: Detailed report on the condition of the property at time of contract
4. Schedule D - Permitted Encumbrances: List of approved liens, easements, or other encumbrances on the property
5. Schedule E - Insurance Requirements: Detailed specifications for required insurance coverage
6. Appendix 1 - Property Photos: Photographs documenting the condition of the property at time of contract
7. Appendix 2 - Required Repairs: List of any repairs or improvements required under the contract
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Legal Services
Financial Services
Property Development
Construction
Land Development
Property Management
Insurance
Banking
Relevant Teams
Legal
Real Estate
Compliance
Risk Management
Property Management
Contract Administration
Land Development
Transaction Processing
Document Management
Investment
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Title Examiner
Real Estate Developer
Contract Administrator
Property Development Manager
Real Estate Investment Manager
Risk Manager
Legal Document Specialist
Real Estate Transaction Coordinator
Land Development Officer
Find the exact document you need
Lease Option (Real Estate)
A Canadian legal document combining a property lease agreement with an option for the tenant to purchase the property under specified terms and conditions.
Download
Business Agreement
A Canadian-law governed Business Agreement establishing commercial terms and conditions between business entities.
Download
Common Agreement
A versatile Canadian legal document establishing terms and conditions for commercial relationships, compliant with federal and provincial laws.
Download
Employer Paid Training Agreement
A Canadian-law compliant agreement outlining terms for employer-funded employee training, including costs, obligations, and repayment conditions.
Download
Consignment Agreement Form
A Canadian legal document establishing terms for consignment sales arrangements, defining rights and obligations of consignor and consignee under Canadian law.
Download
Software Testing Agreement
Canadian-law governed agreement defining terms and conditions for software testing services, including scope, deliverables, and compliance requirements.
Download
Money Agreement Between Two Parties
A Canadian-law governed agreement establishing terms and conditions for monetary arrangements between two parties, including loan amount, interest, and repayment terms.
Download
Written Agreement
A formal Written Agreement compliant with Canadian law that establishes legally binding obligations between parties.
Download
Side Agreement
A Canadian law-governed supplementary agreement that modifies or clarifies specific terms of an existing main agreement while maintaining separate documentation.
Download
Lease Agreement With Option To Purchase
A Canadian lease agreement that includes an option for the tenant to purchase the property, compliant with provincial property laws and regulations.
Download
Incorporation Agreement
A Canadian legal document establishing a new corporation and defining initial shareholder relationships under federal or provincial law.
Download
Fixed Term Tenancy Agreement
A Canadian residential lease agreement establishing a fixed-term tenancy, outlining rights and obligations of landlords and tenants under provincial law.
Download
Contract For Selling A Car
A Canadian-law governed agreement for the sale and transfer of ownership of a motor vehicle, ensuring legal compliance and protecting both parties' interests.
Download
Casual Worker Contract
A Canadian law-compliant contract establishing terms and conditions for casual employment relationships with flexible, non-permanent work arrangements.
Download
Tooling Agreement
Canadian-law governed agreement establishing terms for industrial tooling ownership, use, and maintenance, including design, quality, and payment provisions.
Download
Representation Agreement
A Canadian legal document (prominently used in BC) that authorizes representatives to make personal and healthcare decisions on behalf of an adult who becomes incapable of independent decision-making.
Download
Provisional Agreement
A temporary binding agreement under Canadian law that establishes interim arrangements between parties pending a permanent agreement.
Download
Land Agreement Between Two Parties
A Canadian legal agreement between two parties establishing terms and conditions for land transfer or rights, compliant with federal and provincial property laws.
Download
Employer Tuition Reimbursement Agreement
A Canadian-law governed agreement establishing terms for employer-provided educational support, including reimbursement conditions and employee obligations.
Download
Contract Agreement Between Two Parties
A Canadian-law governed agreement establishing legal obligations between two contracting parties, outlining their rights and responsibilities.
Download
Rent In Exchange For Services Agreement
A Canadian legal agreement providing residential accommodation in exchange for specified services, combining residential tenancy and service provision elements under provincial law.
Download
Employee Accommodation Agreement
A Canadian legal document that formalizes workplace accommodation arrangements between employer and employee, ensuring compliance with federal and provincial human rights legislation.
Download
Contra Agreement
A Canadian legal agreement establishing an independent contractor relationship, defining services, terms, and maintaining compliance with federal and provincial regulations.
Download
Catering Contract
A Canadian-law governed agreement establishing terms and conditions for catering services, including service specifications, pricing, and regulatory compliance requirements.
Download
Lease Agreement
A Canadian legal document establishing the terms and conditions for property rental between landlord and tenant, compliant with federal and provincial regulations.
Download
Contractual Agreement
Standard Canadian Contractual Agreement template compliant with federal and provincial requirements for establishing legally binding business relationships.
Download
Security Agreement Form
A Canadian legal document creating security interests in collateral to secure obligations, structured to comply with PPSA requirements (except in Quebec) and other applicable federal and provincial laws.
Download
Business Cooperation Agreement
A Canadian-law governed agreement establishing terms and conditions for business cooperation between independent entities, ensuring compliant and structured collaboration.
Download
Employee Training Reimbursement Agreement
A Canadian-law governed agreement establishing terms for employer-funded training and employee reimbursement obligations.
Download
Rental Contract
A Canadian law-compliant agreement establishing terms and conditions for property rental between landlord and tenant.
Download
Intent To Purchase Agreement
A Canadian-law governed preliminary agreement outlining terms and conditions for a proposed purchase of assets, property, or business.
Download
Head Of Terms Agreement
A Canadian-law governed preliminary agreement outlining key terms and conditions of a proposed business transaction, serving as a framework for detailed negotiations.
Download
Supply Contract Form
A Canadian-law governed agreement establishing terms and conditions for the supply of goods between parties, including delivery, pricing, and quality requirements.
Download
Education Agreement With Employer
A Canadian-law governed agreement establishing terms for employer-provided educational support, including financial assistance, program requirements, and employee obligations.
Download
Umbrella Agreement
Canadian master agreement establishing framework terms for ongoing business relationships and future specific agreements between parties.
Download
Rent To Own Agreement Form
A Canadian legal agreement combining rental terms with a future purchase option, allowing tenants to rent a property while accumulating credits toward its eventual purchase.
Download
Buyer Representation Agreement
A Canadian legal agreement establishing exclusive representation between a real estate brokerage and a property buyer, governed by provincial real estate laws.
Download
Non Solicitation Agreement
A Canadian-law governed agreement that restricts the solicitation of employees, clients, or business relationships, designed to protect legitimate business interests while maintaining reasonable restrictions.
Download
Assignment And Assumption Agreement
A Canadian law-governed agreement that transfers contractual rights and obligations from one party to another, ensuring legal compliance and clear assumption of responsibilities.
Download
Yearly Contract Agreement
A Canadian-law governed agreement establishing a one-year contractual relationship between parties, defining key terms, obligations, and conditions.
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)