Canada Purchase Money Promissory Note to Purchase Real Estate

Prepare a Purchase Money Promissory Note to purchase real estate with this downloadable template for transactions in Canada.

• This form of promissory note is used for real estate sales where the buyer is paying part of the purchase price over time.
• The buyer will pay off the balance of the purchase price in regular installments, rather than having to come up with all of the purchase money in order to close the sale.
• The Note contains an acceleration clause, meaning if the buyer defaults in making a payment, the entire balance together with interest becomes immediately due and payable.

This Canada Purchase Money Promissory Note to Purchase Real Estate is available in MS Word format, and is fully editable to fit your specific circumstances.