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    Alberta Condominium Purchase & Sale Agreement Package


    Land developers can sell units in a condominium project which is still under construction with this Alberta 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:

    1. Offer to Purchase and Agreement of Purchase & Sale,
    2. Schedule re Manager's Residence,
    3. Schedule re Alberta New Home Warranty Program,
    4. Restrictive Covenant re Parking Units,
    5. Addenda re Financing and Financing (CMHC), and a Waiver of CMHC Financing,
    6. Addendum re GST,
    7. Addenda re Additional Parking Stall, Storage, and Customization.

    See how easy writing real estate paperwork can be - buy and download the Purchase & Sale Agreement Package for your sales office.

    Download Type: Microsoft Word
    Last Updated: 11-June-2016
    SKU: 3476