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Real Estate Offer Contract Template for Canada

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Key Requirements PROMPT example:

Real Estate Offer Contract

"I need a Real Estate Offer Contract for purchasing a mixed-use commercial property in Toronto, with specific provisions for existing retail tenants and completion date set for March 15, 2025."

Document background
The Real Estate Offer Contract is a crucial document in Canadian property transactions that initiates the formal purchase process. It is used when a prospective buyer wishes to present a legally binding offer to purchase real property from a seller. This contract type includes all material terms of the proposed transaction, such as property identification, purchase price, deposit details, closing date, and any conditions that must be met before the sale becomes final. The document must comply with provincial real estate laws and regulations, and typically serves as the foundation for the final Agreement of Purchase and Sale. It is designed to protect both buyers' and sellers' interests while ensuring all necessary legal requirements are met for a valid real estate transaction in Canada.
Suggested Sections

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

2. Background: Brief context of the transaction and purpose of the agreement

3. Definitions: Key terms used throughout the agreement defined for clarity

4. Property Description: Legal description and municipal address of the property being purchased

5. Purchase Price: The offered purchase amount, deposit details, and payment terms

6. Deposit: Amount, form, and timing of deposit payment, and terms for holding the deposit

7. Closing Date: Proposed date for completing the transaction and transfer of ownership

8. Included Items: List of fixtures and chattels included in the purchase price

9. Excluded Items: Items specifically excluded from the sale

10. Conditions Precedent: Conditions that must be satisfied before the agreement becomes firm and binding

11. Representations and Warranties: Statements of fact and promises made by both parties regarding the property and their capacity to complete the transaction

12. Closing Requirements: Actions and documents required from each party to complete the transaction

13. Insurance and Risk: Responsibility for insuring the property and assumption of risk until closing

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

15. Notices: How and where formal communications between parties should be delivered

16. Time of Essence: Clause establishing that all times and dates in the agreement are fundamental to the contract

17. Execution: Signature blocks and date of offer

Optional Sections

1. Financing Condition: Used when buyer requires mortgage financing to complete the purchase

2. Home Inspection Condition: Used when buyer wishes to conduct a professional home inspection

3. Sale of Buyer's Property: Used when purchase is conditional on buyer selling their existing property

4. Rental Property Provisions: Used when property is currently tenanted, including details of existing leases

5. Swimming Pool/Hot Tub Compliance: Used when property includes these features requiring specific safety compliance

6. Environmental Concerns: Used when there are known or suspected environmental issues

7. Heritage Property Requirements: Used for properties with heritage designation

8. Condominium Provisions: Used for condominium purchases, including review of condo documents

9. GST/HST Provisions: Used for new construction or commercial properties where GST/HST applies

10. Property Management Transition: Used for income properties with existing management arrangements

Suggested Schedules

1. Schedule A - Property Details: Detailed legal description, property boundaries, and survey information

2. Schedule B - Included Items: Detailed list of all fixtures and chattels included in the purchase

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

4. Schedule D - Financial Terms: Detailed breakdown of purchase price, deposit, and payment terms

5. Schedule E - Existing Tenancies: Details of current lease agreements and tenant information

6. Schedule F - Property Condition Disclosure: Seller's disclosure of known property conditions and defects

7. Schedule G - Required Repairs: List of repairs agreed to be completed before closing

8. Appendix 1 - Property Survey: Current survey or real property report

9. Appendix 2 - Floor Plans: Building floor plans and measurements

10. Appendix 3 - Property Photographs: Recent photographs documenting property condition

Authors

Alex Denne

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

Relevant legal definitions
















































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Relevant Industries

Real Estate

Legal Services

Financial Services

Insurance

Property Development

Property Management

Construction

Banking

Professional Services

Public Sector

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Sales

Commercial Operations

Risk Management

Document Processing

Transaction Services

Investment

Administration

Relevant Roles

Real Estate Agent

Real Estate Broker

Property Lawyer

Notary Public

Mortgage Broker

Property Manager

Real Estate Developer

Legal Counsel

Compliance Officer

Title Examiner

Real Estate Paralegal

Property Administrator

Real Estate Investment Manager

Real Estate Analyst

Transaction Coordinator

Branch Manager

Conveyancing Clerk

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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