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Private Sale Of House Contract

Private Sale Of House Contract Template for Canada

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Key Requirements PROMPT example:

Private Sale Of House Contract

"I need a Private Sale of House Contract for a detached home in Ontario, with a closing date of March 15, 2025, that includes specific provisions for the sale of solar panels installed on the property and assumes an existing mortgage."

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Document background
The Private Sale Of House Contract is a crucial legal document used in Canadian real estate transactions where parties choose to conduct the sale without real estate agent representation. This document is essential when property owners wish to sell their residential property directly to buyers, saving on commission fees while maintaining legal compliance. It encompasses all necessary elements required by Canadian federal and provincial laws, including property description, purchase price, payment terms, conditions of sale, and closing requirements. The contract ensures both parties' interests are protected and all legal obligations are clearly defined, while adhering to provincial property laws, land registration requirements, and consumer protection regulations. It's particularly important in private sales where the usual safeguards provided by real estate professionals must be carefully documented in the contract terms.
Suggested Sections

1. Parties: Identification and details of the seller and purchaser, including full legal names, current addresses, and contact information

2. Background: Context of the transaction, including brief property description and parties' intention to enter into the sale agreement

3. Definitions: Defined terms used throughout the agreement for clarity and consistency

4. Property Description: Detailed legal description of the property, including address, lot number, and registration details

5. Purchase Price: Agreed purchase price, payment terms, and deposit requirements

6. Closing Date: Specified date for completion of the transaction and transfer of ownership

7. Representations and Warranties: Seller's declarations regarding property condition, title, and other material facts

8. Title and Ownership: Confirmation of clear title and terms of transfer

9. Closing Requirements: Documents and actions required from each party to complete the transaction

10. Property Condition: Current state of the property and any included/excluded fixtures or chattels

11. Adjustments: How property taxes, utilities, and other expenses will be prorated

12. Risk and Insurance: Responsibility for property insurance and risk of damage before closing

13. Default and Remedies: Consequences and available remedies if either party fails to perform

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

15. Governing Law: Specification that Canadian law governs the agreement

16. Entire Agreement: Confirmation that the document represents the complete agreement between parties

Optional Sections

1. Mortgage Assumption: Include when buyer is assuming existing mortgage on the property

2. Rental Properties: Required when property includes tenant-occupied units, addressing lease assignments

3. Property Management: Include when transaction involves transfer of property management agreements

4. Condominium Provisions: Required for condominium properties, including status certificate requirements

5. Home Warranty: Include when property is covered by new home warranty program

6. Environmental Matters: Required when property has known environmental issues or requires assessment

7. GST/HST Declaration: Include when transaction may be subject to GST/HST

8. Foreign Buyer Declaration: Required when buyer needs to confirm compliance with foreign buyer restrictions

9. Vacancy Declaration: Include when property is subject to vacancy tax regulations

Suggested Schedules

1. Schedule A - Property Description: Detailed legal description and property boundaries

2. Schedule B - Included Fixtures and Chattels: Itemized list of all items included in the sale

3. Schedule C - Excluded Items: List of items specifically excluded from the sale

4. Schedule D - Property Disclosure Statement: Seller's declarations regarding property condition and known issues

5. Schedule E - Title Search Results: Summary of title search and any encumbrances

6. Schedule F - Property Inspection Report: Findings from property inspection if completed

7. Schedule G - Environmental Assessment: Results of environmental assessment if required

8. Schedule H - Survey Certificate: Property survey details and certificate

9. Schedule I - Existing Tenancies: Details of current lease agreements if applicable

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions






































Clauses




































Relevant Industries

Real Estate

Legal Services

Financial Services

Insurance

Property Development

Construction

Property Management

Banking

Professional Services

Public Sector

Relevant Teams

Legal

Real Estate Operations

Property Management

Risk and Compliance

Document Processing

Transaction Processing

Corporate Services

Contract Administration

Legal Operations

Due Diligence

Relevant Roles

Legal Counsel

Real Estate Lawyer

Property Manager

Title Examiner

Mortgage Advisor

Contract Administrator

Legal Document Specialist

Compliance Officer

Real Estate Transaction Coordinator

Property Administrator

Risk Manager

Legal Operations Manager

Real Estate Operations Director

Corporate Counsel

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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