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1. Parties: Identification of the Seller and Buyer, including full legal names, addresses, and any other relevant contact information
2. Background: Context of the transaction, including brief property description and parties' intention to enter into a seller-financed arrangement
3. Definitions: Key terms used throughout the agreement, including technical and financial terms specific to seller financing
4. Property Description: Detailed legal description of the property, including address, legal boundaries, and property identification numbers
5. Purchase Price and Deposit: Total purchase price, deposit amount, and payment schedule including initial down payment
6. Seller Financing Terms: Detailed terms of the financing arrangement including principal amount, interest rate, payment schedule, and amortization period
7. Security and Registration: Details of mortgage registration, liens, and other security interests to protect the seller's financial interest
8. Conditions Precedent: Conditions that must be satisfied before closing, including property inspection, title search, and financing approval
9. Representations and Warranties: Statements of fact by both parties regarding the property, their authority to enter the agreement, and financial capacity
10. Closing Procedures: Steps to be taken at closing, including document delivery, payments, and registration requirements
11. Default and Remedies: Consequences of default by either party and available remedies
12. Property Insurance and Maintenance: Requirements for insurance coverage and property maintenance during the financing period
13. Transfer of Title: Process and timing of title transfer, including any conditions or restrictions
14. General Provisions: Standard legal clauses including governing law, notices, amendment procedures, and severability
1. Property Management: Required when the property includes rental units or requires specific management arrangements during the financing period
2. Early Payment Provisions: Include when parties want to specify terms for early payoff or prepayment penalties
3. Environmental Matters: Required for properties with potential environmental concerns or when environmental assessments are needed
4. Assignment Rights: Include when either party may need to transfer their rights under the agreement
5. Co-Borrower Provisions: Required when multiple buyers are involved in the financing arrangement
6. Property Development Rights: Include when the buyer plans to develop or significantly modify the property during the financing period
7. Seller's Right of First Refusal: Include when the seller wants the right to repurchase the property if the buyer decides to sell
8. Cross-Collateralization: Required when additional properties or assets are used as security for the financing
1. Schedule A - Property Details: Comprehensive property description, including fixtures, chattels, and excluded items
2. Schedule B - Payment Schedule: Detailed amortization schedule showing all payments, interest, and principal balance
3. Schedule C - Property Inspection Report: Results of property inspection and any identified issues requiring attention
4. Schedule D - Title Search Results: Summary of title search showing existing liens, easements, or encumbrances
5. Schedule E - Insurance Requirements: Detailed specifications for required insurance coverage
6. Schedule F - Property Maintenance Standards: Specific requirements for property maintenance during the financing period
7. Appendix 1 - Required Disclosures: Mandatory disclosures required by provincial real estate laws
8. Appendix 2 - Property Tax Assessment: Current property tax assessment and payment status
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