The Bill of Sale For House is a crucial legal document used in Canadian residential property transactions to document and formalize the transfer of ownership from one party to another. This document is essential in all Canadian provinces and territories, though specific requirements may vary by jurisdiction. It serves as evidence of the transaction and includes critical information such as the property's legal description, purchase price, warranties, and conditions of sale. The document is typically prepared after the acceptance of an offer to purchase but before the final closing, working in conjunction with other required documentation for property transfers. It must comply with provincial property laws, land registry requirements, and federal regulations regarding property transactions, including anti-money laundering provisions and foreign buyer restrictions where applicable.
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1. Parties: Identifies and provides full legal names and addresses of the seller and buyer
2. Background: Brief context about the property sale transaction and the parties' intention to transfer ownership
3. Definitions: Defines key terms used throughout the document for clarity and legal certainty
4. Property Description: Detailed legal description of the property being sold, including address, lot number, and registration details
5. Purchase Price: States the agreed purchase price and payment terms, including deposit details and balance payment
6. Property Condition: Describes the condition in which the property is being sold and any warranties or disclaimers
7. Title and Ownership: Confirms the seller's right to sell and transfer clear title to the buyer
8. Closing Details: Specifies the closing date and logistics for completing the sale
9. Representations and Warranties: Standard warranties about property ownership, condition, and authority to sell
10. Risk and Insurance: Addresses transfer of risk and insurance responsibilities
11. Execution: Formal signing section with space for signatures, witnesses, and dates
1. Chattels and Fixtures: Lists included/excluded personal property and fixtures when specific items are being included/excluded from the sale
2. Mortgage Assumption: Include when buyer is assuming existing mortgage on the property
3. Tenancy Details: Required when property is sold with existing tenants and lease agreements
4. Property Management Transition: Include for properties with ongoing management services or contracts
5. Environmental Warranties: Added when there are specific environmental concerns or requirements
6. Special Conditions: For any unique terms or conditions specific to the transaction
7. Foreign Buyer Provisions: Required when buyer is a non-resident of Canada
8. GST/HST Declaration: Include when GST/HST applies to the transaction
1. Schedule A - Property Details: Comprehensive legal description of the property and land survey details
2. Schedule B - Included Chattels: Detailed list of all personal property items included in the sale
3. Schedule C - Excluded Items: List of items specifically excluded from the sale
4. Schedule D - Property Condition Report: Detailed assessment of property condition at time of sale
5. Schedule E - Outstanding Work Orders: List of any municipal work orders or deficiency notices
6. Schedule F - Existing Tenancies: Details of current lease agreements and tenant information
7. Appendix 1 - Property Photographs: Documentary photographs of property condition at time of sale
8. Appendix 2 - Certificates: Copies of relevant certificates (e.g., building permits, compliance certificates)
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