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Contract of Purchase and Sale. CBABC and the BC Real Estate Association hold joint copyright over the Standard Form Contracts of Purchase and Sale and related documents. They are available free of charge to CBA members.
Nov 7, 2023 · Parties in a transaction and their representatives have come to expect the standardized form of CPS when contracting for residential real estate. However, some clauses in the CPS can be confusing for buyers, sellers, and REALTORS® alike.
Aug 26, 2021 · Standard form contracts of purchase and sale are very useful in real estate transactions. They are familiar, well-tested, and cover off all the basics and much more. However, real estate is complicated and the one-size-fits-all approach may not fit every situation.
- Assignment
- Back Up
- Co-Op
- Deposits
- Disclosure
- Estate
- Financing
- Fish Protection
- GST
- Heritage
Notwithstanding section 20A of this Contract, the Buyer may, without the further consent of the Seller, add (insert name(s) of specific person(s)) as an additional buyer prior to completion and the...Notwithstanding section 20A of this Contract, the Buyer may, without the further consent of the Seller, assign the Buyer’s rights in this Contract to the Buyer and to (insert name(s) of specific pe...The Buyer may assign the Buyer’s rights in this Contract, in whole or in part, to any person without the consent of the Seller. The assignment by the Buyer will not relieve the Buyer from the Buyer...Subject to the Seller ceasing to be obligated in any way under the Contract of Purchase and Sale dated (date) (the “Sale Contract”) respecting the Property, including the Seller obtaining a full re...
This Contract is for the sale by the Seller and the purchase by the Buyer of (number of shares) shares (the “Shares”) in (name of co-operative entity), together with an assignment by the Seller to...This Contract is for the sale by the Seller and the purchase by the Buyer of (number of shares) shares (the “Shares”) in (name of co-operative entity), together with an assignment by the Seller to...The Buyer will assume the payment of the monthly maintenance charge, which is currently (insert amount), subject to change, and includes, among other charges the Buyer’s proportionate share of annu...This Contract is subject to the board of directors of (name of co-operative entity) approving, on or before (date), the Buyer and the purchase of the Shares by and assignment of the Lease to the Bu...The Deposit is payable within (number of hours) hours of acceptance of this offer.Considerations This clause would be used in section 2 of the Contract.The brokerage will place the Deposit in an interest-bearing trust account with interest accruing to the benefit of the (select either Seller or Buyer).Considerations Do not use this clause if marke...The Deposit will be increased to $ (amount) within 24 hours of waiver or fulfillment of all conditions.The Deposit will be increased to $ (amount) on waiver or fulfillment of all conditions.Subject to the Buyer obtaining and being satisfied, on or before (date), with a Property Disclosure Statement with respect to the Property.This condition is for the sole benefit of the Buyer.If thi...The Buyer acknowledges having received and having had an opportunity to read the developer’s Disclosure Statement.The Buyer acknowledges having received a Seller’s separate disclosure of material latent defects dated (date) relating to (general reference to issue).The Buyer acknowledges that the Property may have been used to grow cannabis (other than as permitted by law) or for the growth or manufacture of illegal substances, and acknowledges that the Selle...Subject to the Seller obtaining and providing the following to the Buyer by (date):The Completion Date will be the later of (a) ________________, 202____ and (b) 5 business days following the date on which the Estate Condition is declared fulfilled or waived by both the Buyer and...The Buyer will pay to the Seller $(amount), which includes the Deposit, on the Completion Date, as part payment of the Purchase Price.The Seller will provide financing to the Buyer for the balance...The Buyer will pay to the Seller $(amount), which includes the Deposit, on the Completion Date, as part payment of the Purchase Price.The Seller will provide financing to the Buyer for the balance...The Buyer will pay to the Seller $(amount), (approximately) which includes the Deposit, on the Completion Date, as part payment of the Purchase Price.The balance of the Purchase Price will be paid...Subject to the Seller confirming, on or before (date), that the Seller’s arrangement of financial affairs will enable the Seller to proceed with the sale as set out in this Contract. This condition...Subject to the Buyer, at the Buyer’s expense, receiving and approving, on or before (date), professional advice that there are no limitations unsatisfactory to the Buyer on the use or development o...
The Purchase Price does not include any GST applicable to the purchase and sale of the Property.Considerations If using this clause, consider using one of either Purchase Price does not include GST...The Buyer acknowledges that the Buyer has received professional tax advice regarding the Buyer’s GST liability arising from, and any GST exemptions or rebates applicable to, the Buyer’s purchase of...Subject to the Buyer obtaining and being satisfied, on or before [date], with professional tax advice regarding the Buyer’s GST liability arising from, and any GST exemptions or rebates applicable...The Purchase Price includes any GST applicable to the purchase and sale of the Property.Considerations Real Estate Professionals should consider using Purchase Price includes GST – professional adv...Subject to the Buyer being satisfied on or before (date) that there are no limitations unsatisfactory to the Buyer on the use or development of the Property resulting from the Heritage Conservation...
Dec 12, 2023 · In part two of this series, we will look at clauses regarding Time, Representations and Warranties, and Acceptance Irrevocable in the standard residential Contract of Purchase and Sale (CPS).
The BC contract of purchase and sale is an official document that contains the main aspects of the agreement between seller and buyer during the real estate purchase. This form is crucial in British Columbia. It contains information on the price of the purchase, details on the deposit, and deadlines.
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Jan 1, 2024 · Find out if you qualify for statutory holiday pay by answering a series of questions about your specific work situation. Calculate statutory holiday pay. Statutory holiday pay is equal to an average day's pay. Employees are paid statutory holiday pay if they work or take the day off.
