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For Sale By Owner Offer And Acceptance Form
"I need a For Sale By Owner Offer And Acceptance Form for selling my detached single-family home in Ontario, with an anticipated closing date in March 2025 and including all current appliances in the sale."
1. Parties: Identification of the seller(s) and buyer(s) with full legal names and current addresses
2. Background: Brief context stating the seller's ownership and intention to sell, and buyer's intention to purchase
3. Definitions: Key terms used throughout the agreement including Property, Closing Date, Purchase Price, Deposit, etc.
4. Property Description: Legal description of the property, including address, lot number, and registered plan details
5. Purchase Price and Payment Terms: Total purchase price, deposit amount, payment schedule, and method of payment
6. Deposit: Amount, payment timing, holder of deposit, and conditions for release or forfeiture
7. Closing Details: Closing date, time, and location of closing, and conditions for extension
8. Property Inspection: Buyer's right to inspect, timeline for inspection, and process for addressing issues
9. Seller's Representations and Warranties: Statements about property condition, title, liens, and other material facts
10. Property Inclusions and Exclusions: Specific items included or excluded from the sale
11. Title and Ownership Transfer: Requirements for clear title and process for transfer of ownership
12. Adjustments: How property taxes, utilities, and other expenses will be prorated
13. Default and Remedies: Consequences of default by either party and available remedies
14. Notices: How and where formal notices between parties must be delivered
15. Execution: Signature blocks for all parties and witnesses
1. Financing Condition: Used when buyer requires mortgage financing to complete purchase
2. Sale of Buyer's Property Condition: Used when purchase is contingent on buyer selling their current property
3. Rental Property Provisions: Required when property has existing tenants with lease agreements
4. Condominium Provisions: Specific terms for condominium purchases including review of condo documents
5. Home Warranty: Details of any home warranty being transferred or provided
6. Environmental Conditions: Used when environmental testing or remediation is required
7. Renovation/Construction Agreements: When specific work is to be completed before closing
8. Foreign Buyer Provisions: Additional requirements for non-resident buyers
9. Multiple Offer Provisions: Terms for handling multiple offers if applicable
10. Chattels Rental: When certain equipment (e.g., hot water tank) is rented rather than owned
1. Schedule A - Property Details: Detailed property description, boundaries, and specifications
2. Schedule B - Included Items: Comprehensive list of all fixtures and chattels included in sale
3. Schedule C - Excluded Items: List of items specifically excluded from the sale
4. Schedule D - Property Disclosure Statement: Seller's disclosure of property condition and known issues
5. Schedule E - Property Survey: Current survey of property boundaries and structures
6. Schedule F - Additional Terms and Conditions: Any additional or special terms agreed upon by parties
7. Appendix 1 - Property Photographs: Current dated photographs of property and included items
8. Appendix 2 - Floor Plans: Detailed floor plans and measurement specifications
9. Appendix 3 - Recent Property Tax Assessment: Copy of most recent property tax assessment
10. Appendix 4 - Utility Costs Summary: Summary of recent utility costs and consumption
Authors
Real Estate
Legal Services
Financial Services
Insurance
Construction
Property Management
Urban Planning
Public Administration
Legal
Real Estate Operations
Property Management
Mortgage Services
Documentation
Title Services
Compliance
Risk Assessment
Customer Service
Administrative Services
Property Owner
Home Buyer
Real Estate Lawyer
Mortgage Broker
Property Appraiser
Home Inspector
Title Examiner
Legal Assistant
Paralegal
Banking Officer
Insurance Underwriter
Municipal Clerk
Property Surveyor
Conveyancer
Notary Public
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