The Ontario Real Estate … MicroFIT contract with the Ontario Power Authority and understands the Buyer must take the necessary steps to obtain the assignment of the contract to the Buyer, and understands that failure to obtain the required assignment will result in termination of the MicroFIT contract. ENV-­‐10 Growth or Manufacture of Illegal Substances – Acknowledgement. LEASE/COMM-­‐33 Lease Cancellation Privilege. LEASE/RES-­‐12 Maintenance of Swimming Pool. The Tenant shall have until not later than _____ p.m. on the _____ day of __________, 20_____, to satisfy itself that the property is zoned in final and binding form under the relevant zoning bylaws and official plan to permit it to develop or use the property for the purpose of ____________________. DEV-­‐5 No Site Plan Development Agreement. If you are buying a home and want to know how much of a mortgage you qualify for, use the Scotiabank mortgage calculator. The Seller agrees to provide access to the property for the purpose of the inspection(s). That said, probably one of the most important pieces of the real estate investing puzzle is the residential lease. This is to ensure that you can obtain financing safely on the property and that the lender is satisfied with it. The parties to this Agreement hereby acknowledge and agree that the Deposit Holder shall be entitled to retain the difference between the interest earned on the deposit and the agreed rate of interest payable. Lawyers and their clients should be well aware that these suggested clauses may lack precision and may not in fact be what the parties to the agreements of … Builder Approval and Fees. Used under license. 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 or, if not satisfactory to the Buyer, a report revealing deficiencies in the property which the Seller is willing and able to remedy. OREA Clauses are developed for the use of its Members in drafting Agreements, the Residential and Commercial Clause Booklet is published and available for your download. This Offer is conditional upon the inspection of the unit and common elements by _______________ and the obtaining of a report satisfactory to the Buyer at the Buyer’s own expense. Here you will find a complete list of Ontario cities where you can find real estate listings and all types of homes for sale. 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. 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 as aforesaid within the time period stated herein. We are a licensed discount and full service real estate brokerage. Tenant further agrees that if pets are kept on the premises, Tenant shall, at lease termination, have the carpets professionally cleaned and make any repairs that may be necessary to restore any damages caused by pets. Upon acceptance of this Offer, the Buyer shall be allowed to enter the premises, from time to time, after permission from the Seller, for the purpose of obtaining information about heating and electrical systems, maintenance, and any other related utility service for the building. A road which is maintained on a year round basis at public expense; A road which is maintained on a seasonal basis at public expense; A road which is not maintained at public expense. 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 the _____ day of __________, 20_____, that this condition is Fulfilled, this Offer shall become null and void and the deposit shall be returned to the Buyer in full without deduction. Most real estate lawyers and real estate agents in Ontario will agree that the best course of action when purchasing a property is to ask the sellers about the existence of any stigmatizing issues. The Tenant shall pay its proportionate share of any increase in property taxes and local improvement levies over the base year of 20_____. While you can customize your clauses for special requests, the below are typically the most common subject clauses in a contract: Subject to financing: Obtaining satisfactory financing at a satisfactory rate. The Seller represents and warrants to the best of his knowledge and belief that the [boathouse, dock, pier, etc. FRANCH-­‐1 Condition for Buyer to approve documentation. hot water tank, air conditioner, water softener, furnace, furnace burner, etc. In the enforcement of its rights under this guarantee, the Landlord may proceed against the guarantor as if the guarantor were named as Tenant under this Lease. Attached hereto as Schedule “_____” is a copy of the Landlord’s standard Lease form, which the Landlord will alter to reflect the business terms defined herein, and the Tenant agrees to sign same subject to minor adjustments as negotiated between the Landlord’s and the Tenant’s Solicitors, both acting reasonably. LEASE/COMM-­‐32 Insurance – Tenant to Obtain. The Landlord warrants that all  mechanical, heating, ventilating, air conditioning equipment (HVAC), and electrical equipment will be in good working order, normal wear and tear excepted, on or before the occupancy date set herein. Should the Tenant exercise the said first right of refusal, the Landlord agrees to pay the Agents so named in this Agreement, (or their successor companies) a fee of ______________________________. 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 as aforesaid within the time period stated herein. This warranty shall survive and not merge upon the completion of this transaction. Real Estate Legal Forms & Clauses: We prepared this section to provide you with useful legal forms and offer clauses that you can print and use for your real estate transaction. NOTE: Do not use when the Agreement includes a STB Charge/Mortgage. The Seller agrees to co-­operate in providing access to the property for the purpose of this inspection. 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 the _____ day of __________, 20_____ , 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 Landlord and may be waived at the Landlord’s sole option by notice in writing to the Tenant as aforesaid within the time period stated herein. This warranty shall survive and not merge upon the completion of this transaction. DEV-­‐3 Condition – Suitability for Roads/Services. 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 as aforesaid within the time period stated herein. FUEL-­‐1 Fuel Tank Adjustment Acknowledgment Clause. Provided that the Tenant is not at any time in default of any covenants within the lease, the Tenant shall be entitled to renew this lease for additional term(s) of __________ (_____) year(s) __________ (_____) month(s) (each) on written notice to the Landlord given not less than __________ months prior to the expiry of the current term at a rental rate to be negotiated. In consideration of the sum of ____________________ ($__________) paid by the Tenant to the Landlord, the receipt of which is hereby acknowledged, and in consideration of the terms and conditions herein recited, the Landlord gives to the Tenant an option irrevocable within the time limit herein for acceptance, to purchase, free and clear of all encumbrances, the lands and premises situated at ___________________________________ in the ____________________ of____________________ in the ____________________ of ____________________. This Offer is conditional upon the approval of the terms hereof by the Buyer’s Solicitor. The __________________________ (buyer/seller) agrees to request at the ____________________ (Buyer/Seller) expense, the Status Certificate and _______________________ (Buyer’s/Seller’s) attachments within _____ days of acceptance of this Offer. CONDO-­‐4 Alterations/Changes to Unit During Interim Occupancy. Tenant agrees that any chattels left on the rented premises, and not specifically mentioned herein, may remain and be stored on the premises at no cost to, and shall remain at the risk of, the Landlord. 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 as aforesaid within the time period stated herein. 20_____, that this condition has been fulfilled, this Offer shall become null and void and the deposit shall be returned to the Buyer in full without deduction. Sign In. While some of the clauses in an Offer to Purchase are common to all other types of real estate transactions, there are clauses that are specific to farm purchases. This Offer is conditional upon the Buyer obtaining, at the Seller’s expense, a consent to sever the property as follows: (provide description of proposed severance). INSUR-­‐1 Condition – Arranging Insurance. The parties to this Agreement hereby acknowledge and agree that the Deposit Holder shall place the deposit in the Deposit Holder’s interest bearing real estate trust account, which earns interest at __________, and the Deposit Holder shall pay interest at a rate of __________on the Deposit to ____________________. Authorize all governmental and other authorities having jurisdiction over the real property to release to the Buyer all information such authorities have on file respecting the property. Make sure you’ve reviewed your financing with a knowledgeable mortgage professional to see if there are any red flags popping up. In the event that the Tenant fails to deliver to the Landlord, within the time limit described above, a written and signed Offer to purchase the property on the same terms and conditions as the initial Offer, the Landlord shall be at liberty to sell the property to the Buyer who submitted the initial Offer. 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 the _____ day of __________, 20_____, 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. In the event that the Tenant submits to the Landlord, within the time period described above, a written and signed Offer to purchase the property upon the same terms and conditions as the Offer initially received by the Landlord, the Landlord shall accept the Offer submitted by the Tenant. Prior to the Tenant taking possession of the demised premises, the parties shall execute the Lease in the form attached hereto, as Schedule “_____” of the Agreement to Lease. Upon completion of the transaction, the Buyer agrees to abide by the Bylaws and Rules relating to alterations and changes within the unit. ASSOC-­‐1 Association Fees on Title, The Buyer acknowledges that there are agreements, restrictions and covenants registered on the title pertaining to an association and that there is an association fee payable in respect thereof. 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 as aforesaid within the time period stated herein. Unless the Seller gives notice in writing delivered to the Buyer or to the Buyer’s address as hereinafter indicated 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 the _____ day of __________, 20_____, 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. If there is a sole appraiser, the rate determined by the sole appraiser shall be the rate for the renewal term. The Seller warrants that the lands are not subject to a Site Plan Development Agreement. INSP-­‐4 Condition – Inspection of Property – Seller Allowed to Remedy. 48 Hour Notices on Real Estate Offers. We receive many questions from clients regarding the clauses contained in the standard Ontario Real Estate Association Agreement of Purchase and Sale. In real estate, right of first refusal is a provision in a lease or other agreement. Such increases above the base year shall be paid proportionately by the Tenant. The Tenant acknowledges that HST will be collectable by the Landlord on the rent paid and on common area expenses as defined herein. The obligations created by the Tenant so named herein shall be jointly and severally assumed by the guarantor, whose name is identified at the end of this Agreement, and the guarantor agrees to be bound by the terms herein. The law firm of Aaron & Aaron is located in downtown Toronto, Ontario. This Offer is conditional upon the Buyer determining, at the Buyer’s own expense, that the [boathouse, dock, pier, etc. 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 as aforesaid within the time period stated herein. This Offer is conditional upon the approval of the terms hereof by the Seller’s Solicitor. This condition is included for the benefit of the Landlord and may be waived at the Landlord’s sole option by notice in writing to the Tenant as aforesaid within the time period stated herein. 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 the _____ day of __________, 20_____, that this condition has been fulfilled, this Offer shall become null and void and the deposit shall be returned to the Buyer in full without deduction. Unless the Tenant gives notice in writing delivered to the Landlord personally or in accordance with any other provisions for the delivery of notice in this Agreement to Lease or any Schedule thereto not later than _____ p.m. on the _____ day of __________, 20_____, that this condition is fulfilled, this Offer shall be null and void and the deposit shall be returned to the Tenant in full without deduction. For a condominium purchase, whether apartment, townhouse or some other type, a standard clause included in real estate contracts allows your lawyer the opportunity to examine specific condominium documents, thereby assuring you of a s atisfactory Status Certificate. Tenant agrees to be responsible for any repair or replacement cost due to the presence of any pets on the premises. Visit REALTOR.ca for the most comprehensive list of real estate listings in Canada from homes, condos, lofts, and much more! This amount is to be credited towards the purchase price on completion of this transaction. Unless the Buyer gives notice in writing to the Seller personally or in accordance with any other provisions for delivery of notice in this Agreement of Purchase and Sale or any Schedule thereto not later than 5 pm. The Buyer acknowledges and accepts that the subject property is located in an area where renewable energy producing equipment is proposed or already in operation, including, but not limited to Wind Turbines and Solar Energy Collectors. These activities may include intensive operations that cause discomfort and inconveniences that involve, but not limited to dust, noise, flies, light, odour, smoke, traffic, vibration, operating of machinery during any 24 hour period, storage and utilization of manure and the application by spraying or otherwise of chemical fertilizers, soil amendments, herbicides and pesticides. It’s time to take it out and actually read it. NOTE: Care must be taken not to create a conflict with this clause and clauses providing for settlement of disputes or differences by alternate means. INSP-­‐8 Condition – Inspection of Property by a Third Party – Condo. This warranty shall survive and not merge on the completion of this transaction. Get instant access to a lot of relevant information about Ontario real estate, including property descriptions, virtual tours, maps and photos. Tenant shall comply with all the Bylaws of the Condominium Corporation. Either term may be used. Unfortunately, the holdback clauses are often poorly worded, which can lead to unnecessary disputes. My Account. This condition is included for the benefit of 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 following equipment is rented and not included in the Purchase Price. The Landlord agrees to provide the Tenant with all of the plans and drawings required for said permit, at the Landlord’s expense. He joined the plaintiff’s team in large part due to the training … ACC-­‐5 Road Access – Privately Maintained Road. The Seller shall pay taxes, insurance and utilities during this period. The search results pages also have a wealth of information on Ontario, if you scroll all the way down. NOTE: This Clause should be used in conjunction with an Insurance Clause specifically outlining insurance requirements. If the Tenant’s covenant is not acceptable to the Landlord, the Landlord may terminate this Agreement by notice in writing delivered to the Tenant personally or in accordance with any other provisions for the delivery of notice in this Agreement to Lease or any Schedule thereto within the time period stated above and the Tenant’s deposit shall be returned in full without deduction. Find a Home. The parties agree that this representation and warranty shall survive and not merge on completion of this transaction. LEASE/COMM-­‐3 Condition – Financial Covenant of Tenant (Condition Subsequent). This offer is conditional on the Buyer arranging insurance for the property satisfactory to the Buyer in the Buyer’s sole and absolute discretion. The occupancy fee shall be calculated based on the proportionate share of the common expenses, the estimated realty taxes, and mortgage interest as detailed herein (or designated as Schedule “_____” attached to and forming part of this Agreement). LEASE/RES-­‐14 Permission to Sublet – Subject to Landlord’s Approval. The Buyer shall have free access to the lands during this period and reasonable access to the buildings. CLICK HERE. This Offer is conditional upon the approval of the terms hereof by the Buyer’s Solicitor. The Buyer agrees to accept the title subject to the said agreements, restrictions and covenants and assume payment of the association fee, to be adjusted as of completion. The Buyer agrees to assume the rental contract(s) if assumable: ________________________(item) having a payment of $ _____________________, (monthly, quarterly, etc.) The Parties agree that this warranty shall survive and not merge on completion of this transaction, but apply only to those circumstances existing at the completion of this transaction. The Seller warrants that the said fee payable to the association in respect of the property is approximately $ ______________________________________________ per __________________ and includes but is not limited to__________________________ ___________________________________________________________________________. The parties to this Agreement hereby acknowledge that the Deposit Holder shall place the deposit in trust in the Deposit Holder’s interest bearing real estate trust account, which earns interest at __________, and the Deposit Holder shall pay any interest it earns or receives on the Deposit to ____________________ at the same rate of interest the Deposit Holder earns or receives on the Deposit Holder’s real estate trust account. The Seller represents and warrants that, with respect to the unit, the Condominium Act, Declaration, Bylaws and Rules of the Condominium Corporation have been complied with, and that no improvements, additions, alterations or repairs that require the consent of the Condominium Corporation have been carried out in the said unit, the exclusive use areas or the common elements, unless the required consent has been obtained from the Condominium Corporation. 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 the _____ day of __________. For more information about buying or selling a home, contact the Ontario Real Estate Association, or visit orea.com. Real estate professionals trust Point2 Join thousands of agents and brokers in the industry who have been reaping the benefits from Point2 for years "Point2 consistently delivers more views at a lower cost per view than any other system we've tried." NOTE: The Listing Brokerage is required to have Social Insurance Number(s) before paying interest on deposits. Most real estate lawyers and real estate agents in Ontario will agree that the best course of action when purchasing a property is to ask the sellers about the existence of any stigmatizing issues. The agrees to request at the __________________ (Buyer/Seller) expense, the Status Certificate and ___________________ (Buyer’s/Seller’s) attachments within _____ days after acceptance of this Offer. 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 the day of __________, 20_____, that this condition is fulfilled, this Offer shall become null and void and the deposit shall be returned to the Buyer in full without deduction. The option shall be open for acceptance by notice in writing delivered to the Landlord not later than _____ p.m. on the _____ day of __________. ENV-­‐3 Condition – Environmental Legislation – Lawyer’s Approval and Acknowledgement. LEASE/COMM-­‐46 Shipping and Receiving Access. The Parties agree that this representation and warranty shall form an integral part of this Agreement and survive the completion of this transaction, but apply only to circumstances existing at completion of this transaction. 48 Hour Notices on Real Estate Offers. This condition is included for the benefit of the Tenant and may be waived at the Tenant’s sole option by notice in writing to the Landlord as aforesaid within the time period stated herein. ENV-­‐12 Underground Tank – Compliance Warranty. It is important to note that every real estate transaction is unique, the OREA Clauses are provided solely for the purpose of guidance and do not, in any way, constitute required wording. Having a … This offer is conditional upon the Buyer’s lawyer reviewing the Status Certificate and Attachments and finding the Status Certificate and Attachments satisfactory in the Buyer’s Lawyer’s sole and absolute discretion. LAW-­‐3 Legal, Accounting or Environmental Advice. NOTE: This Clause is a true condition precedent and neither Landlord nor Tenant is entitled to waive this condition. The Buyer shall have the right at any time prior to closing, to assign the within Offer to any person, persons or corporation, either existing or to be incorporated, and upon delivery to the Seller of notice of such assignment, together with the assignee’s covenant in favour of the Seller to be bound hereby as Buyer, the Buyer hereinbefore named shall stand released from all further liability hereunder. This Offer is conditional upon the inspection of the subject property at the Buyer’s own expense, and the obtaining of a report satisfactory to the Buyer in the Buyer’s sole and absolute discretion respecting retrofitting pursuant to and in compliance with the Electricity Act, 1998, and its regulations as amended from time to time. – FSBO Listing in Ontario The Seller further authorizes (insert appropriate Ministry), to release to the Buyer, the Buyer’s Agent or Solicitor, any and all information that may be on record in the Ministry office with respect to the said property. The Tenant shall obtain an occupancy permit from the relevant municipality prior to taking occupancy. These provisions, where applicable, shall not lapse or merge on completion of this transaction. LEASE/COMM-­‐21 Early Occupancy – Gross Rent Free. Norm Fisher - MySaskatoonHome.com "Most of my clients originate from this website and I am grateful to Point2 for making this possible." The Landlord shall have until not later than _____ p.m. on the _____ day of __________. This amount is to be credited towards the purchase price on completion of this transaction. The Buyer acknowledges that any decommissioning of the renewable energy facility will require that all governmental, legislative and contractual requirements must be complied with at the expense of the property owner, and may include, without limitation, the requirements that the facility must be dismantled and removed, the site and any lands and water negatively affected by the facility must be restored to and left in a safe and clean condition. Your real estate agent may advise you to put in an offer that is NOT conditional on financing (or anything, for that matter). We put the business in your hands. It is important to note that every real estate transaction is unique, the OREA Clauses are provided solely for the purpose of guidance and do not, in any way, constitute required wording. This Offer is conditional upon the Buyer determining, at the Buyer’s own expense, that the provision of service by hydro and telephone to the said property shall not exceed a cost of ____________________ ($ __________). 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 the _____ day of __________, 20_____, that this condition has been fulfilled, this Offer shall become null and void and the deposit shall be returned to the Buyer in full without deduction. STEP 1. The Buyer acknowledges that the private road accessing the said property is maintained by the [insert appropriate local cottage association or other relevant group], at an annual cost of $ __________ for each property. This offer is conditional upon the Buyer reviewing all requisite documentation relating to the Seller’s MicroFIT contract with the Ontario Power Authority and determining the terms of the contract are satisfactory to the Buyer in the Buyer’s sole and absolute discretion. Notwithstanding the completion date set out in this Agreement, the Buyer and Seller may, by mutual agreement in writing, advance or extend the date of completion of this transaction. NOTE: This condition must be used with caution, as further approvals will be required for the right-­‐of-­‐way to be legal (i.e., Committee of Adjustments). It is understood and agreed that the Tenant shall have the right to use, in common with all others entitled thereto, the common areas of the property, including lobbies, hallways, common rooms, entrances, driveways, parking lots and common lands appurtenant to the building containing the demised premises, and the Tenant covenants that the Tenant will not obstruct these common areas. All inclusions have a base year of 20_____, and are subject to yearly adjustments according to actual increases. We have real estate agents across Ontario who are a part of our flat fee real estate model. This offer is conditional upon the Buyer being approved by _______________(“Franchisor”) with respect to the purchase of the business and the assumption of any agreements or contracts between the Seller and the Franchisor. GREEN-­‐2 Acknowledgement – MicroFIT Contract, The Buyer acknowledges the Buyer has reviewed all requisite documents relating to the Seller’s. If the Tenant’s covenant is not acceptable to the Landlord, the Landlord may terminate this Agreement by notice in writing delivered to the Tenant personally or in accordance with any other provisions for the delivery of notice in this Agreement to Lease or any Schedule thereto within the time period stated above and the Tenant’s deposit shall be returned in full without deduction. These include conditions necessary for protecting people from contact, such as “Electronic Signature Consent” and “Key Drop Devices.” The Buyer acknowledges that the water levels in the area where the property is situated may fluctuate between a low and high water level and may be extremely low or extremely high from time to time. This offer is conditional upon the Buyer obtaining at the Buyer’s expense a Wood Energy Technology Transfer (WETT) inspection, and obtaining a report satisfactory to the Buyer in the, Buyer’s sole and absolute discretion. OREA Clauses are developed for the use of its Members in drafting Agreements, the Residential and Commercial Clause Booklet is published and available for your download. This Offer is conditional upon the approval of the terms hereof by the Landlord’s Solicitor. Real Estate Clauses Ontario. Refusal was due to information received from a consumer reporting agency or other person; and. The unusual circumstances of the pandemic caused the Ontario Real Estate Association (OREA) recently to put out suggested “state of emergency” clauses that agents could use in contracts. ], used in conjunction with the property, and passing to the Buyer on completion, [has/have] received all necessary approvals and permits from the Ministry of Natural Resources, the Federal Government under the Navigable Waters Protection Act, Canada, from [insert appropriate conservation or canal authority as required], and from all other relevant authorities. Tenant acknowledges the Landlord’s fire insurance on the premises provides no coverage on Tenant’s personal property. As an inducement for the Tenant to enter into a Lease contract with the Landlord, the Landlord covenants that it will carry out the following work prior to the Tenant taking possession, at no cost to the Tenant: [insert as needed]. In this case the brokerage would have to inform the seller. NOTE: To comply with the Consumer Reporting Act, if the Landlord refuses to grant a lease due to information contained in a Consumer Report, the Landlord must give Notice that: Only/No Lease to be Signed Tenant and Landlord agree that an accepted Agreement to Lease shall form a completed lease and no other lease will be signed between the Parties. 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 as aforesaid within the time period stated herein. The Buyer accepts the property with this designation and agrees to continue with this transaction. OREA makes no representation or warranties of any kind, express or implied, with respect to the accuracy, reliability, merchantability or non-infringement of the OREA Standard Forms and/or their suitability with respect to any particular transaction or use. This Offer is conditional upon the inspection of the subject property by _______________ a. nd the obtaining of a report satisfactory to the Buyer at the Buyer’s own expense. 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 the _____ day of __________, 20_____, that this condition is fulfilled, this Offer shall become null and void and the deposit shall be returned to the Buyer in full without deduction. It is understood and agreed that the Tenant may utilize the existing partitions in the demised premises and may re-­locate such partitions and build additional partitions, as required by the Tenant. ENV-­‐5 Condition – Oil Tank – Aboveground or Underground. NOTE: It is not lawful for a Landlord to “demand” post-­dated cheques for rent as a requirement when leasing residential premises. ENV-­‐7 Endangered Species – Acknowledgement. The plaintiff was a real estate agent who began his own brokerage in 2012. LAW-­‐2 Condition – Lawyer’s Approval – Seller. 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. In the event that the parties cannot agree to a price at least _____ days prior to the date of completion, then said first right shall become null and void. All use and distribution of OREA Standard Forms must cease promptly if OREA requests you do so in writing. The Seller represents and warrants that the fuel oil tank in, on or about the property is in compliance with the requirements of the Technical Standards and Safety Act, 2002, and any Regulations thereto as amended from time to time and has been registered with the Technical Standards and Safety Authority. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The Seller agrees to remove, at the expense of the Seller, any machinery or equipment, including mountings protruding from walls and floors, and to repair any damage caused by said removal. 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 the _____ day of __________, 20_____, that this condition is fulfilled, this Offer shall become null and void and the deposit shall be returned to the Buyer in full without deduction. CONDO-­‐8 Occupancy by Buyer Prior to Completion – Payment of Occupancy Fee. such terms to be satisfactory to the Buyer in the Buyer’s sole and absolute discretion. The unusual circumstances of the pandemic caused the Ontario Real Estate Association (OREA) recently to put out suggested “state of emergency” clauses that agents could use in contracts. financing, insurance, estimate(s) from contractor(s) etc.) 2000, c17 as amended from time to time with respect to this Agreement and any other documents respecting this transaction.”, ENV-­‐1 Condition – All Environmental Laws Complied With. The Buyer acknowledges that the property lies within, partially within, adjacent to or within two kilometres of an area zoned, used or identified for agricultural and food production activities and that such activities occur in the area. All signs and location(s) are to be approved beforehand in writing by the Landlord (such consent not to be unreasonably withheld) and must conform with all applicable governmental bylaws and codes. The Buyer acknowledges that there is no express or implied warranty by the Seller on the chattels included in this Agreement of Purchase and Sale. If the Seller does not remedy such results to the satisfaction of the Buyer, the Buyer may terminate this Agreement by 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 the _____ day of __________, 20_____, and the deposit shall be returned to the Buyer in full without deduction. If you're an experienced real estate agent, don't think for a moment that you know it all; I admit I don't, though I've been around a block or two. The Buyer acknowledges that the Seller has made this disclosure. CHATT-­‐2 Chattels and Fixtures – Good Working Order. Your Real Estate Lawyer will get this done for the vacant land which is under consideration for purchase. LEASE/RES-­‐20 Tenant’s First Right of Refusal. 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 as aforesaid within the time period stated herein. This Offer is conditional upon the inspection of the subject property at the Buyer’s own expense, and the obtaining of a report satisfactory to the Buyer in the Buyer’s sole and absolute discretion respecting retrofitting pursuant to and in compliance with the Electricity Act, 1998, and its regulations as amended from time to time. There shall be no compulsory requirement to disclose the result to the Seller. 20_____, 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. You can list it, sell it all for no or little commission. 20_____, 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. An assignment sale is usually applied to the pre-construction condominium that has not been registered yet, so no one can take ownership of the unit itself. Subject to Inspection: The home inspection clause is standard and appears in almost every residential real estate transaction. List your property for FREE then upgrade to a Flat Fee listing on REALTOR.ca. Tenant agrees to pay the cost of all utilities required on the premises during the term of the lease and any extension thereof, including but not limited to electricity, water, sewer and gas or other fuel. ENV-­‐11 No Growth or Manufacture of Illegal Substances – Warranty. Section 36 of the Law and Equity Act — will open in a new tab provides that the seller’s consent to the assignment is not required, provided that notice in writing of the assignment is given to the seller. These include conditions necessary for protecting people from contact, such as “Electronic Signature Consent” and “Key Drop Devices.” However, some of the clauses worried legal experts. 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 the _____ day of __________, 20_____, 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. In the event of a discrepancy in area, the purchase price will be adjusted accordingly at time of, The Seller represents and warrants that the fuel oil tank in, on or about the property is in compliance with the requirements of the Technical Standards and Safety Act, 2002, and any Regulations thereto as amended from time to time and has been registered with the Technical. Provided that the Tenant is not in default under the terms of the lease, the Tenant shall have the option to renew said Lease for a further term of __________ (_____) years, on the same terms and conditions, save and except for a further renewal, and the rental rate, which shall be the then current rent for similar location, and on similar lease terms at the time of renewal, provided that the Tenant advises the Landlord in writing __________ (_____) months prior to the end of the term that the Tenant wishes to exercise the Tenant’s option to renew. 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 as aforesaid within the time period stated herein. This Offer is conditional upon the Buyer, at the Buyer’s own expense, having the relevant building(s) inspected by a bona fide home inspection firm to determine that the building(s) are in sound structural and mechanical condition and that the electrical system is safe and adequate, and that, in the written opinion of the home inspection firm, all deficiencies can be remedied at a cost not greater than ____________________ ($ __________). Insurance, estimate ( s ) to verify that the Financial Covenant of the terms by. Upkeep of the requisite documentation within _____ days of acceptance of this Offer, the rentable area is as! Leases are available ), at a mutually agreed upon time ( s ) from contractor s., Inc. takes no responsibility for the purpose of this inspection contract purchase. Have a wealth of information on the property for the most important pieces of the purchase will! 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