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Below are extracts from the Offer to purchase or to sell residential
property. To obtain the complete document, order the OFFER TO PURCHASE PRESENTED BY: NAME OF BUYER 1, domiciled and residing at: ADDRESS AND POSTAL CODE (hereinafter referred to as the "Buyer"); TO: NAME OF SELLER 1, domiciled and residing at: ADDRESS AND POSTAL CODE (hereinafter referred to as the "Seller"); 1. OFFER TO PURCHASE The Buyer hereby offers to purchase from the Seller, under the conditions stated herein, the immovable owned by the Seller and described as follows:
2. PRICE AND PAYMENT TERMS
a. complete the transaction and … or 7. OFFER CONDITIONAL ON OBTAINING FINANCING This Offer to purchase is conditional upon the Buyer obtaining a mortgage loan, which they undertake to … The proceeds of this loan will be provided to … If within days following the acceptance of this Offer to purchase, the Buyer is not … who may:
A buyer can add additional conditions to the extent that … Here are a few examples of typical additional conditions:
The Seller declares as follows:
The following is included in the sale of the Property:
The following is excluded in the sale of the Property:
10. TRANSFER DUTIES AND SALES TAXES The transfer duties shall be …
In spite of the fact that the Buyer had … to the following conditions
being complied with:
Should one or more of the conditions provided not be complied with … the Buyer may, at their sole discretion:
12. NOTICE All notices and requests …
This Offer to purchase is irrevocable …
If the Offer is declared invalid by virtue of a provision herein, the … If the Offer is still in force and … Alternative not recommended for the Buyer If the Offer is still in force and …
If the marital status of the Seller so requires, …
The parties accept that … SIGNED at__________________,
ACCEPTANCE The preceding Offer to purchase is…
INTERVENTION OF THE SELLER'S SPOUSE I, undersigned … CONFIRMATION OF
THE REMOVAL OF CONDITIONS
TO: NAME OF SELLER 1, domiciled and residing
at: DATE OF THE OFFER: xxx 200x CLAUSE 6: INSPECTION The Buyer declares that … CLAUSE 7: OBTAINING MORTGAGE FINANCING The Buyer hereby … CLAUSE XX: OTHER CONDITION The Buyer hereby …
COUNTER-OFFER
NAME OF SELLER 1, domiciled and residing at:
Indicate … SIGNED at…
ACCEPTANCE The preceding …
INTERVENTION OF THE SELLER'S SPOUSE I, undersigned …
STATE OF THE BUILDING DECLARATION BY THE SELLER
General information... Basement... Roof...
Guide to drafting an Offer to purchase an immovable - between individuals This guide is not part of the contract. Do not initial it. To obtain further information on buying and selling a
home, you may consult… |