Residential Contract of Purchase And Sale - Saskatchewan

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Form #100 01/2015
Saskatchewan Real Estate Commission
RESIDENTIAL CONTRACT OF PURCHASE AND SALE
Revised 2015
www.srec.ca
_________________________________________________________________________________________________ Work:_________________
(Name of Buyer's Brokerage)
(Salesperson) (Telephone)
__________________________________________________________________________________________________ Work:_________________
(Address) (Postal Code) (Telephone)
I/We _____________________________________________________________________________________________ Home:_________________
(Names of Buyers: herein called Buyer)
(Address) (Postal Code) (Telephone)
Work:_________________
(Telephone)
__________________________________________________________________________________________________ Home:_________________
(Names of Buyers: herein called Buyer)
(Address) (Postal Code) (Telephone)
Work:_________________
HEREBY OFFER TO PURCHASE from
(Telephone)
________________________________________________________________________________________________ Home:_________________
(Names of Sellers: herein called Seller)
(Address) (Postal Code) (Telephone)
Work:_________________
(Telephone)
________________________________________________________________________________________________ Home:_________________
(Names of Sellers: herein called Seller)
(Address) (Postal Code) (Telephone)
Work:_________________
(Telephone)
through ___________________________________________________________________________________________ Work:_________________
(Name of Seller's Brokerage)
(Salesperson) (Telephone)
_________________________________________________________________________________________________ Work: ________________
(Address) (Postal Code) (Telephone)
the following described property: ______________________________________________________________________________________________
(Legal description or description of mobile home on leased land) City or
having the following Civic Address: ______________________________________________________________________ RM _________________
1. THE TRANSACTION:
1.1
The Buyer offers to purchase the property from the Seller subject to the reservations and exceptions appearing in the existing Certificate of Title and free and clear of all
encumbrances as contemplated in Section 4.6 save and except such encumbrances as are expressly agreed to be assumed by the Buyer, for the SUM (Purchase Price) of:
____________________________________________________________________________________ dollars:
1.2.
(a) $____________________ Purchase Price to be paid as follows.
(b) $ Deposit by cheque , cash
, receipt of which by the Buyer’s Brokerage is hereby acknowledged and to be deposited within two
business days of acceptance, to be held in trust and: (a) to be credited on account of purchase money pending completion; or (b) other
termination of this contract.
(c)
$ by new mortgage (plus mortgage insurance fee, if required) to be arranged at the Buyer's expense.
(d) $
(approx.) by assumption of the existing mortgage or agreement for sale.
(e) $
by other financing or other conditions: _____________________________________________________________
(f) $
(approx.) balance of cash, to be paid subject to the adjustments herein provided to the Seller or the Seller’s solicitor on or before the
Completion Day. In closing this transaction, the Seller’s solicitor and the Buyer’s solicitor may by agreement between them, impose
and undertake trust conditions upon each other.
Buyer acknowledges that taxes, tax credits, payments and mortgage interest rate may be subject to revision.
2. CONDITIONS:
2.1 For resale Condominiums, the conditions set out in the attached Schedule “C” form part of this contract.
2.2 This offer is subject to the following conditions:
(a)
The Buyer obtaining approval of a mortgage on the above property in the amount as set forth in paragraph 1.2(c) on/before the day of
__________________________________, 20 .
(b)
________________________________________________________________________________________________________________
________________________________________________________________________________________________________________
________________________________________________________________________________________________________________
________________________________________________________________________________________________________________
________________________________________________________________________________________________________________
________________________________________________________________________________________________________________
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