Agreement of Purchase And Sale - Nova Scotia

meeting with the Buyer’s satisfaction. The Buyer shall be deemed to be
satisfied with this statement unless the Seller or the Seller’s Agent is
notified to the contrary, in writing, within ___________ hours of receipt.
The Seller warrants it to be complete and current, to the best of his/
her knowledge, as of the date of acceptance of this Agreement, and
further agrees to advise the Buyer of any changes that occur in the
condition of the property prior to the closing date. If notice to the contrary
is received, then either party shall be at liberty to terminate this
Agreement and the deposit shall be returned to the Buyer. Once
received and accepted, the Property Condition Disclosure
Statement shall form part of this Agreement of Purchase and Sale.
CLOSING DATE
4. This Agreement shall be completed on or before the _____________ day of
______________________________ 20_______ (hereinafter called the closing
date). Upon completion, vacant possession of the property shall be given to the
Buyer unless otherwise provided as follows:
_______________________________________________________________
_______________________________________________________________
The Seller shall use their best efforts to have the property empty by
__________ (a.m./p.m.) to facilitate the Buyer’s pre-closing viewing.
CONVEYANCE
5. The conveyance of the property, which is the subject of this Agreement, shall
be by ____________________________ Deed, (or general conveyance if
a mini/mobile home) drawn at the expense of the Seller, to be delivered on
payment of the purchase price on the closing date. The said property is to be
conveyed free from encumbrances, except as to any easements, registered
restrictions or covenants that affect the property and do not materially affect
the enjoyment of the property, except as specifically set out in paragraph 12 of
this Agreement.
DEPOSIT
1. The Buyer submits _______________________________________Dollars
($___________________) cash/cheque on or before _____________
______________________________ payable to Seller Brokerage in trust, as a
deposit to be held pending completion or other termination of this Agreement and
to be credited towards the purchase price on completion. Balance of purchase
price to be paid on closing or as otherwise stated in this Agreement. If the deposit
is not delivered as specified, the Seller shall be at liberty to declare this Agreement
null and void.
It is understood and agreed that if the Buyer does not complete this Agreement
in accordance with the terms thereof, the Buyer will forfeit the above deposit in
addition to any other claim which the Seller may have against the Buyer for the
Buyer’s failure to so complete. If the deposit is being returned to the Buyer, in
accordance with the terms of this Agreement, it shall be done without interest
or penalty (unless otherwise specified) and the release of the deposit from the
brokerage trust account is subject to the terms of the Real Estate Trading Act.
FINANCING
2. This Agreement is subject to the Buyer being able to obtain approval for financing
in a principal amount of approximately $ ____________________________
or ________________% of purchase price at an interest rate not to exceed
________________%. This financing shall be deemed to be arranged unless the
Seller or the Seller’s Agent is notified to the contrary in writing on or before the
_____________ day of ______________________________ 20_______. If
notice to the contrary is received, either party shall be at liberty to terminate this
Agreement and the deposit shall be returned to the Buyer.
PCDS
3.
This Agreement is subject to the Seller providing to the Buyer, within
____________ hours of the acceptance of this offer, a current Property
Condition Disclosure Statement (for Resale condo includes Unit and
Parking Unit including any exclusive use common area storage and/
or exclusive use common area parking space), and that statement
PUBLISHED BY THE NOVA SCOTIA REAL ESTATE COMMISSION FORM 400-09/2010
Approved by the Nova Scotia Real Estate Commission for use by industry members under the Real Estate Trading Act
AGREEMENT OF PURCHASE AND SALE
PART 1: COMMON CLAUSES
Agreement of Purchase and Sale Schedule(s): is/are attached and form(s) part of this Agreement.
r Residential r Resale Condo r Vacant Land – Urban
r Vacant Land – Rural r Mini/Mobile Home r Multi-Unit Residential Income Properties
r Other __________________________________________________________________________________
Total # of pages including all Schedules ________________
The Buyer(s) _______________________________________________________________________________________________________________
of __________________________________________________________________________________________________________________ ____ __
r having personally viewed
r having not personally viewed
Buyer(s)
initials required
Offer Date: / /
Buyer’s Initials: Witness
Seller’s Initials: Witness
the following property offers to buy from the Seller(s) _______________________________________________________________________________
through Brokerage(s) ___________________________________________________ and _________________________________________________
Said property known as (Civic address/lot #) ______________________________________________________________________________________
(PID#)__________________________________ in the County of _________________________________________________ Province of Nova Scotia,
at a purchase price of ____________________________________________________________________ dollars. ($Cdn. ______________________ )
on the following terms subject to provisions in paragraph 9(a) regarding HST which must be initialed by the parties to this agreement.
(Listing)
(Co-operating)
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