
Standard Offer Clauses:
Rural Freehold Resale Home
Balance of Purchase Price: The Buyer agrees to pay the balance of the purchase price, subject to adjustments, to the Seller on completion of this transaction, with funds drawn on a lawyer's trust account in the form of a bank draft, certified cheque or wire transfer using the Large Value Transfer System.
Finance condition: This Offer is conditional upon the Buyer arranging, at the Buyer's own expense, a new first Mortgage and CMHC approval. Unless the Buyer gives notice in writing delivered to the Seller not later than 8 p.m. on the ______ business day after acceptance of this Offer, that this condition is fulfilled, this Offer shall be null and void and the deposit shall be returned to the Buyer in full without deduction. This condition is included for the benefit of the Buyer and may be waived at the Buyer's sole option by notice in writing to the Seller within the time period stated herein.
Home Inspection Condition: This Offer is conditional upon the inspection of the subject property by a home inspector at the Buyer's own expense, and the obtaining of a report satisfactory to the Buyer in the Buyer's sole and absolute discretion. Unless the Buyer gives notice in writing delivered to the Seller not later than 8 p.m. on the ______ business day after acceptance of the offer, that this condition is fulfilled, this Offer shall be null and void and the deposit shall be returned to the Buyer in full without deduction. The Seller agrees to co-operate in providing access to the property for the purpose of this inspection. This condition is included for the benefit of the Buyer and may be waived at the Buyer's sole option by notice in writing to the Seller within the time period stated herein.
Septic System Inspection Condition: This Offer is conditional upon the Buyer determining, at the Buyer's own expense: (1) all sewage systems serving the property are wholly within the setback requirements of the said property and have received all required Certificates of Installation and Approval pursuant to the Environmental Protection Act; (2) all sewage systems serving the property have been constructed in accordance with the said Certificates of Installation and Approval; (3) all sewage systems serving the property have received all required use permits under the said Act or any other legislation; and further, that on inspection, the septic bed is in good working order. The Buyer shall be allowed to retain at the Buyer's own expense, a professional in the septic business to make an examination of the septic system. Seller agrees to allow access to the property for the purposes of a septic inspection and agrees to allow the Buyer to request information as outlined above from the appropriate authorities having jurisdiction. Unless the Buyer gives notice in writing delivered to the Seller personally or in accordance with any other provisions for the delivery of notice in this Agreement of Purchase and Sale or any Schedule thereto not later than ________p.m. on___________ that these conditions have been fulfilled, this Offer shall become null and void and the deposit shall be returned to the Buyer in full without deduction. These conditions are included for the benefit of the Buyer and may be waived at the Buyer's sole option by notice in writing to the Seller as aforesaid within the time period stated herein.
Well Inspection Condition: This Offer is conditional upon the Buyer determining, at the Buyer's own expense, that: (1) there is an adequate water supply to meet the Buyer's household needs; (2) the pump and all related equipment serving the property are in proper operating condition; and (3) the Buyer can obtain a Bacteriological Analysis of Drinking Water from the authority having jurisdiction indicating that there is no significant evidence of bacterial contamination. Unless the Buyer gives notice in writing delivered to the Seller personally or in accordance with any other provisions for the delivery of notice in this Agreement of Purchase and Sale or any Schedule thereto not later than ______p.m. on ________ that these conditions have been fulfilled, this Offer shall become null and void and the deposit shall be returned to the Buyer in full without deduction. These conditions are included for the benefit of the Buyer and may be waived at the Buyer's sole option by notice in writing to the Seller as aforesaid within the time period stated herein. The Seller agrees to allow access to the subject property for the purpose of satisfying this condition.
Water frontage and road allowance access condition (if waterfront property): This Offer is conditional upon the Buyer determining at the Buyer's own expense that: (1) the property being purchased has at least [insert appropriate frontage dimension], metres/feet], of frontage on [name of lake or river]; (2) no road allowance, open or unopened, or other public or private lands exist which will interfere with the right of the Buyer to use and enjoy the said water frontage; and (3) that there are no unregistered rights or easements. Unless the Buyer gives notice in writing delivered to the Seller personally or in accordance with any other provisions for the delivery of notice in this Agreement of Purchase and Sale or any Schedule thereto not later than p.m. on , that these conditions have been fulfilled, this offer shall become null and void and the deposit shall be returned to the Buyer in full without deduction. These conditions are included for the benefit of the Buyer and may be waived at the Buyer's sole option by notice in writing to the Seller as aforesaid within the time period stated herein.
Buyer Revisits: The Buyer shall have the right to revisit the property three further times prior to completion, at a mutually agreed upon time. The Seller agrees to provide access to the property for the purpose of these revisits.
Chattels and Fixtures in Good Working Order: The Seller represents and warrants that the chattels and fixtures as included in this Agreement of Purchase and Sale will be in good working order and free from all liens and encumbrances on completion. The Parties agree that this representation and warranty shall survive and not merge on completion of this transaction, but apply only to the state of the property at completion of this transaction.
Property clean and broom swept on closing: The Seller agrees to leave the premises, garage, and property free from all personal items and debris, and the home in a clean and broom swept condition on closing.
Survey of Property: Seller agrees to provide to the Buyer or their Agent, at own expense, a copy of a survey of the property (if one exists) prior to closing.