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Buy or sell an existing condominium property in the Province of Nova Scotia with this Agreement of Purchase and Sale of Condominium - Resale. - The vendor (seller) must furnish a copy of the Vendor's Deed and the condominium documents, after which the purchaser has a specified number of days to investigate the title. - If HST is applicable, it is in addition to (not included in) the purchase price. If HST is not applicable, the vendor must provide a certificate in that regard. - The vendor must provide the purchaser with an estoppel certificate with respect to any condo fees or common expenses owing on the unit. - Any debit or credit balance in the reserve or contingency fund will be adjusted as of the closing date. This Nova Scotia Agreement of Purchase and Sale of Condominium - Resale is provided in MS Word format and is easy to download and use.
AGREEMENT OF PURCHASE AND SALE CONDOMINIUMS - RESALE 1. [PURCHASER] of [address] (hereinafter call the “Purchaser”), having inspected the following described property, hereby offer to purchase from [VENDOR], (hereinafter called the “Vendor”), through its agent [AGENT], the Condominium property known as Unit No. [no.], Level [level], (Building) [building], [County] County Condominium corporation No. [condo corp no.], Civic address of [address], and common elements appurtenant thereto (hereinafter called the “Property”), in the County of [county], Province of Nova Scotia, at the purchase price of ______________________________________________ in Canadian dollars ($ Can. _____________) on the following terms: (a) Purchaser submits this offer with $_________________, cash or cheque payable to the Vendor's agent as a deposit to be held in trust, pending completion of this Agreement and to be credited on account of the purchase money on closing. (b) [other terms] 2. This Agreement shall be completed on or before the _____ day of ______________, _______, (hereinafter called the “closing date”). Upon completion, vacant possession of the property shall be given to the Purchaser unless otherwise provided as follows: [details] 3. The Vendor shall furnish the Purchaser with a copy of the Vendor's Deed and the Declaration, By-Laws and Common Rules and Regulations of the Condominium Corporation (the “Documents”) after receipt whereof the Purchaser is allowed: (a) _____ days to investigate the title to the property, which he shall do so at his own expense; (b) Five days to review the documents to determine whether there is anything contained in the documents which materially affects their enjoyment of the property; and if within the time frames herein any valid objection to title or any objection with respect to the enjoyment of the property as set out in 3(a) and 3(b) respectively is made in writing to the Vendor which the Vendor is unable or unwilling to remove, and which the Purchaser will not waive, this Agreement shall be null and void and the deposit herein shall be returned to the Purchaser, without interest, and without liability by the Vendor for any expenses incurred or damages sustained by the Purchaser. 4. The conveyance (of the property which is the subject of this Agreement) shall be by _______________ Deed, drawn at the expense of the Vendor, to be delivered on payment of the purchase price on the closing date. The said property is to be conveyed free from other encumbrances, except as to any easements, registered restrictions or covenants that affect the Purchaser's enjoyment of the property and except specifically set out in the Agreement. The Purchaser agrees however that the conveyance of the property shall be subject to the provisions of the Condominium Act and the terms, conditions and provisions of the Declaration and By-Laws including the Common Element Rules and Regulations of the Condominium Corporation; and agrees to accept title to the property subject to all rights and easements registered against title for the supply and installation of telephone services, electricity, gas, sewers, water, television cable facilities and other related services including but not limited to any existing municipal agreements and utilities or service contracts. -2- 5. Until completion of the sale of the unit and equipment therein shall be and remain at the risk of the Vendor until closing. In the event of damage to the unit or the building prior to closing, the Vendor and Purchaser agree as follows: (a) That in the event of damage to the unit, the Purchaser may, at his option, either permit the proceeds of insurance to be used for repair of such damage in accordance with the provisions of the Insurance Trust Agreement of the Condominium Corporation, if any, or declare this Agreement to be null and void and have all monies paid on account of the purchase price to the Vendor returned without interest or deduction; (b) That in the event of major or substantial damage to the condominium building as defined by the Insurance Trust Agreement, if any, or to the common area in which the unit is situate, the Purchaser may at his option either complete this transaction or declare this Agreement to be null and void and have all monies paid on account of the purchase price to the Vendor returned without interest; (c) That in the absence of an Insurance Trust Agreement the Vendor will hold all insurance policies and the proceeds thereof in trust for the parties as their interests appear, and the Purchaser may, at his option, either have the proceeds of the Insurance and complete the purchase, or may declare this Agreement to be null and void and have all monies paid on account of the purchase price to the Vendor returned without interest or deduction. 6. (a) Interest, rentals, taxes, rates, fuel on the property, assessments and monthly common expense fees are to be adjusted to the date of closing. The cost of municipal improvements, (including but without limiting the generality of the phrase “municipal improvements”, betterment charges and capital charges for utility or municipal services) complete as of the date of this Agreement, are to be paid by the Vendor on or before the closing date, unless otherwise stated. (b) Except as otherwise provided in this Agreement, if this transfer is subject to Harmonized Sales Tax imposed by Part IX of the Excise Tax Act R.S.C. 1985, c. E-15 as amended, hereafter referred to as “H.S.T.” then such H.S.T. shall be in additio
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