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Alberta Residential Real Estate Purchase Contract Form 1

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Alberta Residential Real Estate Purchase Contract Form 1
RESIDENTIAL REAL ESTATE PURCHASE CONTRACT
This Contract is between:
______________________________________________________________ THE SELLER
Name
And _______________________________________________________________ THE BUYER
Name
PROPERTY
1.1 The Property is the Land, Buildings, Unattached and Attached Goods located at (municipal address):
__________________________________________________________________________________________
1.2 The legal description of the Property is:
Plan ________ Block________ Lot ______ Condo Plan _______Unit No. ______ Parking Unit ______
Other______________________________________________________________________________________
1.3 The unattached Goods (chattels) described as follows:
__________________________________________________________________________________________
__________________________________________________________________________________________
1.4 All Attached Goods (fixtures) except for:
__________________________________________________________________________________________
__________________________________________________________________________________________
1.5
Unless otherwise agreed in writing, title will be free and clear of all encumbrances, registrations and obligations except the following:
(a) those implied by law;
(b) non-financial obligations now on title such as easements, utility rights-of-way, covenants and conditions that are normally found
registered against property of this nature and which do not affect the salability of the Property;
(c) homeowners association caveats, encumbrances and similar registrations; and
(d) those items which the Buyer agreed to assume in this Contract.
TRANSACTION
2.1 The Buyer and the Seller agree to act cooperatively, reasonably, diligently and in good faith.
2.2 Other than the Deposits, the Buyer shall pay the Purchase Price by certified cheque, lawyer's trust cheque, bank draft or other agreed value
as follows:
$______________________ Initial Deposit
$______________________ Additional Deposit
$______________________ Assumption of Mortgage
(approximate principal balance)
$_______________________ New Financing
$_______________________ Seller Financing
$_______________________ Other Value
$________________________ Balance Owing
(subject to adjustments)
$________________________ Purchase Price
(u
nless otherwise agreed in writing, the Purchase Price
includes any applicable Goods and Services Tax
GST).
Alberta Residential Real Estate Purchase Contract Form 1
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