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Simple Offer To Purchase Form for Canada

Simple Offer To Purchase Form Template for Canada

This document serves as a standardized legal instrument in Canadian real estate transactions, presenting a formal offer from a prospective buyer to purchase real property. It encompasses all essential elements required under Canadian law, including property details, purchase price, conditions, and closing terms. The document is designed to comply with provincial real estate regulations while remaining adaptable to various types of property transactions, from residential homes to commercial properties. It includes provisions for both standard and conditional offers, incorporating necessary consumer protection elements and statutory requirements specific to Canadian real estate law.

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What is a Simple Offer To Purchase Form?

The Simple Offer To Purchase Form is a crucial document in Canadian real estate transactions, serving as the initial formal step in property acquisition. This document is used when a prospective buyer wishes to present a legally binding offer to purchase real property, whether residential or commercial. The form includes essential elements required by Canadian law, such as party identification, property description, purchase price, conditions precedent, and closing terms. It is designed to protect both buyers' and sellers' interests while ensuring compliance with provincial real estate regulations and federal laws. The Simple Offer To Purchase Form can be used for various property types and transaction structures, though it may need modification based on specific provincial requirements or transaction complexity. The document typically serves as the foundation for subsequent negotiations and, once accepted, becomes a binding agreement of purchase and sale.

What sections should be included in a Simple Offer To Purchase Form?

1. Parties: Identification of the buyer(s) and seller(s) with full legal names and current addresses

2. Property Description: Detailed legal description of the property, including municipal address and legal description as registered

3. Purchase Price: The offered purchase amount in both numbers and words, including details of deposit

4. Terms of Payment: Structure of payment including deposit, balance due, and payment methods

5. Closing Date: Proposed date for completing the transaction and transfer of ownership

6. Conditions Precedent: Essential conditions that must be satisfied for the offer to become binding, such as financing and home inspection

7. Included Items: List of fixtures and chattels included in the purchase price

8. Excluded Items: List of items specifically excluded from the sale

9. Irrevocability: Period during which the offer cannot be revoked

10. Completion and Possession: Details about closing procedures and when possession will be given

11. Representations and Warranties: Basic statements about the property's condition and seller's authority to sell

12. Notices: How and where formal communications between parties should be delivered

13. Execution: Signature blocks for all parties with dates and witness provisions

What sections are optional to include in a Simple Offer To Purchase Form?

1. Spousal Consent: Required if the property is or was a matrimonial home under applicable family law

2. Tenant Rights: Include if the property is currently tenanted or has existing lease agreements

3. HST/GST Declaration: Required for new construction or substantially renovated properties

4. Property Management: Include if there are ongoing property management contracts or obligations

5. Condominium Provisions: Required if the property is a condominium unit, including status certificate requirements

6. Rural Property Provisions: Include for rural properties, addressing wells, septic systems, and environmental matters

7. Survey Provisions: Optional section regarding the provision or requirement of property surveys

8. Mortgage Assumption: Include if an existing mortgage is to be assumed by the buyer

What schedules should be included in a Simple Offer To Purchase Form?

1. Schedule A - Property Details: Comprehensive description of the property, including lot size, dimensions, and improvements

2. Schedule B - Included Items List: Detailed inventory of all fixtures and chattels included in the purchase

3. Schedule C - Financial Terms: Detailed breakdown of the purchase price, deposit structure, and payment terms

4. Schedule D - Conditions: Full details of all conditions precedent and their respective timelines

5. Schedule E - Property Inspection Results: To be attached after inspection, if applicable

6. Schedule F - Existing Tenancies: Details of any existing lease agreements or tenancies, if applicable

7. Appendix 1 - Property Photographs: Current dated photographs of the property and included items

8. Appendix 2 - Required Disclosures: Any mandatory disclosure forms required by provincial legislation

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Canada

Publisher

Genie AI

Document Type

Purchase Agreement

Cost

Free to use
Relevant legal definitions



























Clauses






























Relevant Industries

Real Estate

Banking and Financial Services

Legal Services

Insurance

Property Management

Construction and Development

Professional Services

Residential Property

Commercial Property

Property Investment

Relevant Teams

Real Estate Operations

Legal

Compliance

Property Management

Investment

Asset Management

Transaction Processing

Risk Management

Documentation

Property Acquisition

Relevant Roles

Real Estate Agent

Real Estate Broker

Property Manager

Real Estate Lawyer

Mortgage Broker

Real Estate Investment Manager

Property Developer

Real Estate Portfolio Manager

Legal Counsel

Compliance Officer

Real Estate Administrator

Transaction Coordinator

Real Estate Analyst

Property Acquisition Specialist

Real Estate Operations Manager

Industries








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