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1. Parties: Identification of the Vendor and Purchaser, including full legal names and addresses
2. Background: Context of the transaction, including reference to the original Purchase Agreement
3. Definitions: Key terms used throughout the agreement, including Closing Date, Property, Purchase Price, etc.
4. Property Description: Detailed legal description of the property being transferred
5. Purchase Price and Payment: Final purchase price, adjustments, and payment details including deposit allocation
6. Closing Deliverables: List of documents and items to be delivered by each party at closing
7. Vendor's Representations and Warranties: Confirmations regarding property title, authority to sell, and property condition
8. Purchaser's Representations and Warranties: Confirmations regarding authority to purchase and financial capability
9. Closing Procedures: Step-by-step process for the closing, including timing and location
10. Keys and Property Access: Arrangements for transfer of keys and property access
11. Notices: How and where formal notices between parties should be delivered
12. General Provisions: Standard legal provisions including governing law, entire agreement, and amendments
13. Execution: Signature blocks and execution requirements
1. Tenant Provisions: Required when the property is currently tenanted, addressing lease assignments and tenant notifications
2. Mortgage Assumptions: Included when the purchaser is assuming existing mortgages
3. Property Management Transition: Needed for commercial properties with ongoing management contracts
4. Condominium Provisions: Required for condominium unit transfers, including status certificate acknowledgments
5. Environmental Matters: Important for properties with known environmental issues or recent assessments
6. Post-Closing Obligations: Used when certain obligations continue after closing
7. Vendor Rent-Back: Included when the vendor will temporarily lease back the property after closing
1. Schedule A - Legal Description: Detailed legal description of the property from title documents
2. Schedule B - Permitted Encumbrances: List of accepted liens, easements, and encumbrances
3. Schedule C - Closing Adjustments: Detailed calculations of tax, utility, and other closing adjustments
4. Schedule D - Included Chattels: Itemized list of personal property included in the sale
5. Schedule E - Excluded Fixtures: List of fixtures that are not included in the sale
6. Schedule F - Required Repairs: List of any repairs agreed to be completed before closing
7. Appendix 1 - Property Documents: List of property documents to be transferred to purchaser
8. Appendix 2 - Service Contracts: Copies of relevant service contracts being assigned
Real Estate
Legal Services
Banking and Finance
Property Development
Construction
Property Management
Insurance
Professional Services
Commercial Property
Residential Property
Legal
Real Estate
Property Management
Acquisitions
Commercial Development
Residential Sales
Compliance
Finance
Operations
Document Management
Risk Management
Real Estate Lawyer
Property Manager
Real Estate Agent
Real Estate Broker
Title Officer
Mortgage Officer
Legal Counsel
Conveyancer
Real Estate Paralegal
Closing Coordinator
Transaction Manager
Property Administrator
Real Estate Director
Compliance Officer
Real Estate Partner
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