Alberta Articles of Agreement for Sale of Parcel of Land

Sell a parcel of land in Alberta over a period of time with this comprehensive Articles of Agreement template.

• The purchase price will be paid over a specified number of years.
• The purchaser can take possession of the property and continue to occupy the land so long as there is no default in any payments due under the agreement.
• The purchaser will be considered a tenant of the seller (vendor) at a yearly rental equal to the yearly payments of interest.
• The vendor will have the right to distrain or seize the purchaser's goods if there is any default in payment.