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  1. 10.1. This Contract is intended to create binding legal obligations. The Seller and the Buyer should read this Contract carefully and are free to obtain legal advice before signing. 10.2 The Buyer may wish to obtain an independent property inspection and verify the measurements of the Property.

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  2. May 30, 2018 · Deposits: 4.5. Failure to Pay Deposits: this is a brand-new section found in clause 4.5 of the 2016 Alberta Real Estate Purchase Contract. Here is what the clause says: “ If the buyer fails to pay a deposit, by the agreed date, the seller may void this contract at the seller’s option by giving the buyer written notice.

  3. Aug 15, 2017 · ontractGuide to Supplementary ClausesAugust 2017DisclaimerThe Alberta Real Estate Association (AREA) has created this document to assist its members in drafting terms, conditions and warranties to meet the needs of buyers and sellers in the preparation and. negotiation of the Residential Real Estate Purchase Contract.At no time.

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  4. Nov 22, 2023 · The Alberta Real Estate Association is the organization responsible for the creation, maintenance, and revision of all the real estate forms that Alberta REALTORS® use every day. This includes both buyer and seller representation agreements, purchase contracts, amendments, addendums, schedules and more rounding out a catalogue of almost 140 forms!

  5. Nov 6, 2024 · Nov 6, 2024. —. by. Integrity Legal Solutions. in Alberta. The Alberta Real Estate Purchase Contract is a crucial document in any property transaction, establishing terms and conditions that protect both buyers and sellers. Here’s a breakdown of its key components and areas where both parties might have questions:

  6. www.reca.ca › tools-resources › forms-agreementsForms & Agreements - RECA

    Residential Real Estate Relationship Forms. Consumer Relationships Guide (Plain, no graphics format) Residential real estate licensees have a regulatory requirement to present and discuss the Consumer Relationships Guide, in either of two formats (above), with all consumers they are working with. Buyer Representation Agreement (Common Law, No Fee)

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  8. Apr 2, 2016 · 2) Look At The Real Property Report. The real property report is a survey of the property. Always ask to see it before signing any Alberta real estate purchase contracts. If the sellers do not have one, or if they have added structures to the property since the last one was completed, then you can add it as a condition to the contract.

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