The Termination Of Real Estate Contract By Buyer is a crucial document used in Canadian real estate transactions when a buyer needs to legally withdraw from a purchase agreement. This document is typically employed when conditions precedent in the original agreement cannot be met (such as financing falling through, unsatisfactory inspection results, or title issues), or when the buyer exercises their right to terminate under specific contract provisions. It must comply with provincial real estate regulations and the Real Estate and Business Brokers Act (REBBA) where applicable. The document includes essential elements such as party identification, contract reference details, grounds for termination, deposit handling instructions, and mutual release terms. It's designed to protect both parties' interests while providing a clear and legally sound path to contract termination.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the Buyer (terminating party) and Seller, including full legal names and addresses
2. Background: Reference to the original Purchase Agreement, including date of execution, property address, and original purchase price
3. Definitions: Key terms used in the termination notice including 'Agreement', 'Property', 'Deposit', and 'Effective Date'
4. Termination Declaration: Clear statement of the buyer's intention to terminate the Agreement and citation of the relevant termination clause or condition being relied upon
5. Grounds for Termination: Specific reason(s) for termination, referencing applicable contract provisions or conditions that allow for termination
6. Deposit Disposition: Clear statement regarding the return of any deposits paid, including timeline and method of return
7. Mutual Release: Statement releasing both parties from further obligations under the original Agreement
8. Acknowledgment: Space for both parties to acknowledge and agree to the termination terms
9. Execution: Date and signature blocks for all parties
1. Costs and Expenses: Section detailing any costs or expenses to be paid by either party as a result of the termination
2. Survival Provisions: Section identifying any provisions from the original agreement that survive termination
3. Inspection Results: To be included when termination is based on unsatisfactory inspection results
4. Financing Contingency: To be included when termination is based on inability to secure financing
5. Title Defects: To be included when termination is based on discovery of title issues
6. Confidentiality: Optional section regarding confidentiality of the termination terms and original agreement
7. Dispute Resolution: Optional section outlining process for resolving any disputes arising from the termination
1. Schedule A - Original Purchase Agreement: Copy of the original real estate purchase agreement being terminated
2. Schedule B - Supporting Documentation: Relevant documentation supporting the grounds for termination (e.g., inspection reports, financing denial letters, title reports)
3. Schedule C - Deposit Receipt: Copy of original deposit receipt and proof of deposit payment
4. Schedule D - Correspondence Log: Timeline of relevant communications between parties regarding issues leading to termination
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Legal Services
Financial Services
Property Development
Construction
Banking
Insurance
Property Management
Commercial Real Estate
Residential Real Estate
Relevant Teams
Legal
Real Estate Operations
Property Management
Compliance
Risk Management
Contract Administration
Transaction Processing
Client Services
Document Control
Business Development
Relevant Roles
Real Estate Agent
Real Estate Broker
Property Lawyer
Real Estate Attorney
Title Officer
Escrow Officer
Property Manager
Real Estate Development Manager
Contract Administrator
Legal Counsel
Compliance Officer
Real Estate Transaction Coordinator
Property Development Director
Real Estate Investment Manager
Mortgage Broker
Find the exact document you need
Letter Of Reconsideration For Job Termination
A formal Canadian employment document requesting reconsideration of a termination decision, adhering to federal and provincial employment standards.
find out more
Gross Misconduct Termination Letter
A Canadian legal document immediately terminating employment due to serious misconduct, outlining the grounds for termination and post-employment arrangements.
find out more
Termination Recommendation Letter To HR Manager
A formal Canadian workplace document recommending employee termination to HR, including reasons, evidence, and compliance with employment laws.
find out more
Termination Of Supplier Contract Letter
A formal notice under Canadian law to terminate an existing supplier contract, including termination details and next steps.
find out more
Daycare Termination Letter From Provider
A formal notice from a Canadian daycare provider terminating childcare services, compliant with provincial regulations and including termination terms and final arrangements.
find out more
Accepting Termination Letter
A formal Canadian employer's letter accepting an employee's resignation and documenting termination terms under Canadian employment law.
find out more
Landlord Written Notice To Vacate
A Canadian legal notice from landlord to tenant requiring vacancy of a rental property, compliant with provincial residential tenancy laws.
find out more
Contract Finish Letter
A formal Canadian business document confirming the successful completion of contractual obligations and officially closing out a contract between parties.
find out more
Termination Of Zero Hours Contract Letter
A Canadian-compliant formal letter document used to terminate a zero hours employment contract, including termination details and final payment information.
find out more
Breach Of Lease By Landlord Letter
A formal letter under Canadian law from tenant to landlord documenting lease violations and demanding specific remedial actions.
find out more
Termination Of Apprenticeship Letter
A Canadian-compliant formal letter terminating an apprenticeship relationship between employer and apprentice, adhering to provincial and federal regulations.
find out more
Termination Letter For Driver
A Canadian-compliant termination letter for ending driver employment, including termination details, final pay, and next steps.
find out more
Employee Termination Form
A Canadian-compliant form documenting employment termination terms, including notice periods, final pay, and post-employment obligations.
find out more
Voluntary Exit Letter
A Canadian legal document formalizing the mutual agreement between employer and employee to end employment, outlining termination terms and conditions.
find out more
Termination Letter For Negligence Of Duty
A Canadian-compliant formal letter terminating employment due to negligence of duty, incorporating federal and provincial employment standards requirements.
find out more
Termination Letter For Alcohol Consumption
A Canadian-compliant termination letter for ending employment due to workplace alcohol policy violations, incorporating relevant employment standards and human rights considerations.
find out more
Ending A Secondment Early Letter
A Canadian jurisdiction letter document formalizing the early termination of an employee secondment arrangement, specifying termination details and transition requirements.
find out more
Appeal Letter For Termination Of Employment
A formal document used in Canadian workplaces to appeal an employment termination decision, complying with federal or provincial employment standards as applicable.
find out more
Employee Termination Agreement And Release
A Canadian legal agreement documenting employment termination terms and obtaining release of claims, compliant with federal and provincial employment laws.
find out more
Severance Letter
A Canadian legal document outlining employment termination terms and severance package details, compliant with federal and provincial employment standards.
find out more
Notice To Landlord
A formal written notice from a tenant to a landlord or property manager in Canada, used to communicate important rental property matters and maintain legal compliance with provincial tenancy laws.
find out more
Termination Letter For Absconding
A formal termination letter under Canadian law for employees who have abandoned their position through unauthorized and extended absence from work.
find out more
Breach Of Tenancy Letter
A formal legal notice used in Canadian jurisdictions to inform tenants of lease violations and required remedial actions.
find out more
Termination Letter To Employee For Unacceptable Behaviour
A Canadian-compliant employment termination letter citing unacceptable behavior as grounds for dismissal, outlining termination details and final arrangements.
find out more
30 Day Notice To Terminate Lease
A formal Canadian legal notice document used to terminate a residential lease agreement with 30 days' advance notice, complying with provincial tenancy laws.
find out more
Absenteeism Termination Letter
A Canadian-compliant formal letter terminating employment due to excessive or unauthorized absenteeism, including required notices and final pay details.
find out more
Employee Termination Report
A formal Canadian document recording employee termination details, including compensation, benefits, and compliance with federal and provincial employment laws.
find out more
Termination Due To Abandonment Of Work
A Canadian-compliant termination document for cases of employee work abandonment, including documentation of absence and formal termination procedures.
find out more
Termination Letter Employee Long Term Disability
A Canadian-compliant termination letter for employees on long-term disability, addressing employment termination while ensuring adherence to disability and human rights laws.
find out more
Termination Letter Due To Drinking Alcohol
A Canadian-compliant termination letter for ending employment due to workplace alcohol use, adhering to federal and provincial employment standards.
find out more
Termination Letter Due To Downsizing
A Canadian-compliant formal notice terminating employment due to organizational downsizing, including severance terms and benefit details.
find out more
Termination Due To Lack Of Work
A Canadian-compliant termination letter for ending employment due to lack of work, incorporating federal and provincial employment standards requirements.
find out more
Termination Due To Closure Of Business
A Canadian-compliant termination notice template for business closure situations, addressing required notice periods, severance, and employee entitlements under federal and provincial laws.
find out more
Daycare Termination Letter For Behavior
A Canadian-compliant formal letter terminating daycare services due to behavioral issues, including incident documentation and termination terms.
find out more
Termination Of Contract Of Employment
A Canadian legal document formalizing employment termination terms, severance arrangements, and mutual obligations in compliance with federal and provincial employment laws.
find out more
Terminate Property Management Agreement
A Canadian legal document that terminates an existing Property Management Agreement, outlining termination terms and transition requirements under provincial law.
find out more
End Of Lease Agreement
A Canadian legal document formalizing the termination of a lease agreement, outlining final obligations and settlement terms between landlord and tenant.
find out more
Employee Termination Agreement
A Canadian legal agreement that formalizes employment termination terms, including severance, benefits, and mutual obligations between employer and employee.
find out more
Termination Of Security Services Letter
A formal notice used in Canadian jurisdictions to terminate contracted security services, including termination terms and transition requirements.
find out more
Termination Letter Due To Financial Constraints
A Canadian-compliant termination letter for employment cessation due to company financial constraints, including required notices and entitlements under Canadian law.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)