Agreement Of Purchase And Sale printable pdf download

AGREEMENT OF PURCHASE AND SALE

Page 1 of 3

PART 1: COMMON CLAUSES

Approved by the Nova Scotia Real Estate Commission for use by industry members under the Real Estate Trading Act

Agreement of Purchase and Sale Schedule(s):

is/are attached and form(s) part of this Agreement.

r Residential

r Resale Condo

r Vacant Land – Urban

Vacant Land – Rural

r Mini/Mobile Home

r Multi-Unit Residential Income Properties

r Other __________________________________________________________________________________

Total # of pages including all Schedules ________________

The Buyer(s) _______________________________________________________________________________________________________________

of __________________________________________________________________________________________________________________ ____ __

Buyer(s)

r having personally viewed

r having not personally viewed

initials required

the following property offers to buy from the Seller(s) _______________________________________________________________________________

through Brokerage(s) ___________________________________________________ and _________________________________________________

(Listing)

(Co-operating)

Said property known as (Civic address/lot #) ______________________________________________________________________________________

(PID#)__________________________________ in the County of _________________________________________________ Province of Nova Scotia,

at a purchase price of ____________________________________________________________________ dollars. ($Cdn. ______________________ )

on the following terms subject to provisions in paragraph 9(a) regarding HST which must be initialed by the parties to this agreement.

meeting with the Buyer’s satisfaction. The Buyer shall be deemed to be

DEPOSIT

satisfied with this statement unless the Seller or the Seller’s Agent is

notified to the contrary, in writing, within ___________ hours of receipt.

The Buyer submits _______________________________________Dollars

The Seller warrants it to be complete and current, to the best of his/

($___________________) cash/cheque on or before _____________

her knowledge, as of the date of acceptance of this Agreement, and

______________________________ payable to Seller Brokerage in trust, as a

further agrees to advise the Buyer of any changes that occur in the

deposit to be held pending completion or other termination of this Agreement and

condition of the property prior to the closing date. If notice to the contrary

to be credited towards the purchase price on completion. Balance of purchase

is received, then either party shall be at liberty to terminate this

price to be paid on closing or as otherwise stated in this Agreement. If the deposit

Agreement and the deposit shall be returned to the Buyer. Once

is not delivered as specified, the Seller shall be at liberty to declare this Agreement

received and accepted, the Property Condition Disclosure

null and void.

Statement shall form part of this Agreement of Purchase and Sale.

It is understood and agreed that if the Buyer does not complete this Agreement

CLOSING DATE

in accordance with the terms thereof, the Buyer will forfeit the above deposit in

addition to any other claim which the Seller may have against the Buyer for the

This Agreement shall be completed on or before the _____________ day of

Buyer’s failure to so complete. If the deposit is being returned to the Buyer, in

______________________________ 20_______ (hereinafter called the closing

accordance with the terms of this Agreement, it shall be done without interest

date). Upon completion, vacant possession of the property shall be given to the

or penalty (unless otherwise specified) and the release of the deposit from the

Buyer unless otherwise provided as follows:

brokerage trust account is subject to the terms of the Real Estate Trading Act.

_______________________________________________________________

FINANCING

_______________________________________________________________

The Seller shall use their best efforts to have the property empty by

This Agreement is subject to the Buyer being able to obtain approval for financing

__________ (a.m./p.m.) to facilitate the Buyer’s pre-closing viewing.

in a principal amount of approximately $ ____________________________

or ________________% of purchase price at an interest rate not to exceed

CONVEYANCE

________________%. This financing shall be deemed to be arranged unless the

Seller or the Seller’s Agent is notified to the contrary in writing on or before the

The conveyance of the property, which is the subject of this Agreement, shall

_____________ day of ______________________________ 20_______. If

be by ____________________________ Deed, (or general conveyance if

notice to the contrary is received, either party shall be at liberty to terminate this

a mini/mobile home) drawn at the expense of the Seller, to be delivered on

Agreement and the deposit shall be returned to the Buyer.

payment of the purchase price on the closing date. The said property is to be

conveyed free from encumbrances, except as to any easements, registered

PCDS

restrictions or covenants that affect the property and do not materially affect

the enjoyment of the property, except as specifically set out in paragraph 12 of

This Agreement is subject to the Seller providing to the Buyer, within

this Agreement.

____________ hours of the acceptance of this offer, a current Property

Condition Disclosure Statement (for Resale condo includes Unit and

Offer Date:

Parking Unit including any exclusive use common area storage and/

Buyer’s Initials:

Witness

or exclusive use common area parking space), and that statement

Seller’s Initials:

Witness

PUBLISHED BY THE NOVA SCOTIA REAL ESTATE COMMISSION

FORM 400-09/2010

Agreement Of Purchase And Sale

Related Articles

Related forms

Related Categories