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Purchase & Sale Agreement Package for New Condominium (Alberta)

Price $40.00

Document Id : 3476

Alberta developers, sell units in a condominium project which is still under construction with this Purchase & Sale Agreement Package for New Condominium.
  • The sale transaction will be finalized at a specified future date after construction of the condominium project is complete.
  • The purchase price for the condo unit includes a parking stall.
  • All prepaid deposits will be held in trust until the sale closes.
  • The purchaser acknowledges reviewing the construction plans for the condo unit and giving approval.
  • Prior to possession, the purchaser and the vendor will do a joint inspection of the condo unit to check for deficiencies in construction that need to be remedied. No holdback is allowed for deficiencies.
  • Final closing cannot take place until the condominium plan has been registered with the Land Titles Office, however, the purchaser can take early possession as a licensee of the vendor.

The package contains the following:
  • Offer to Purchase and Agreement of Purchase & Sale,
  • Schedule re Manager's Residence,
  • Schedule re Alberta New Home Warranty Program,
  • Restrictive Covenant re Parking Units,
  • Addenda re Financing and Financing (CMHC), and a Waiver of CMHC Financing,
  • Addendum re GST,
  • Addenda re Additional Parking Stall, Storage, and Customization.
This Alberta Purchase & Sale Agreement Package for New Condominium is provided in MS Word format, and is fully editable to meet your needs.

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