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1. Parties: Identification of the buyer(s) and seller(s) with full legal names and addresses
2. Background: Context of the transaction and acknowledgment of the parties' intention to enter into a binding agreement
3. Definitions: Key terms used throughout the agreement defined for clarity and consistency
4. Property Description: Detailed legal description of the property being purchased, including municipal address and legal description
5. Purchase Price: The total purchase price and payment structure, including deposit amounts and payment timing
6. Deposit Terms: Details of the deposit amount, when it's payable, and how it will be held
7. Closing Date: The proposed date for completing the transaction and transferring ownership
8. Conditions Precedent: Essential conditions that must be satisfied before the agreement becomes firm and binding
9. Representations and Warranties: Statements of fact by both parties about the property and their capacity to complete the transaction
10. Included and Excluded Items: Specific listing of items included in or excluded from the sale
11. Inspection Rights: Terms regarding property inspection rights and timing
12. Title Search Period: Timeframe and conditions for investigating title to the property
13. Closing Requirements: Obligations of each party for closing, including documentation and funds
14. Risk: Allocation of risk and responsibility for the property until closing
15. Default and Remedies: Consequences and available remedies if either party fails to perform
16. Notices: How and where formal communications between parties should be delivered
17. Acceptance Terms: Time limit for acceptance and method of communicating acceptance
1. Financing Condition: Used when buyer requires mortgage financing to complete the purchase
2. Sale of Buyer's Property: Included when purchase is conditional on buyer selling their existing property
3. Rental Property Provisions: Required when property is currently tenanted or includes rental units
4. HST Declaration: Needed for new construction or commercial properties where HST applies
5. Property Management: For properties with ongoing management requirements between acceptance and closing
6. Construction Warranties: Used for new construction or recently completed properties
7. Environmental Conditions: Required for properties with potential environmental concerns
8. Condominium Provisions: Specific terms required for condominium purchases
9. Assignment Rights: When buyer may want the right to assign the agreement to another party
10. Future Development: For properties with development potential requiring specific acknowledgments
1. Schedule A - Legal Description: Detailed legal description of the property from land registry
2. Schedule B - Included Items: Comprehensive list of chattels and fixtures included in the purchase
3. Schedule C - Excluded Items: List of items specifically excluded from the sale
4. Schedule D - Financial Terms: Detailed breakdown of purchase price, deposits, and payment structure
5. Schedule E - Property Condition Report: Current condition of the property and any known issues
6. Schedule F - Title Conditions: Permitted encumbrances and title conditions
7. Appendix 1 - Property Surveys: Current or existing surveys of the property
8. Appendix 2 - Environmental Reports: Any environmental assessments or reports
9. Appendix 3 - Service Contracts: List of existing service contracts that may be assumed
10. Appendix 4 - Rental Information: Details of existing tenancies and rental arrangements if applicable
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