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BC Agreement of Purchase and Sale of Commercial Property
Buy commercial real estate property in British Columbia with this Agreement of Purchase and Sale.
- The transaction is conditional upon the buyer conducting an inspection of the environmental conditions and state of title of the property, and being satisfied with the results of the inspection.
- The seller has the right to continue to market the property for sale prior to fulfillment of the buyer's condition.
- From the date the Agreement is signed, the buyer is authorized to conduct any due diligence, surveys, inspections and tests of the property it deems necessary.
- As of the closing date, the buyer assumes all responsibility for and releases the seller from any liability with respect to environmental issues connected to the property.
- Available in MS Word format.
- Intended to be used only in the Province of British Columbia, Canada.
$29.99
Ontario Forms to Establish Family Trust
Set up a family trust as part of your tax planning strategy with this package of forms for Ontario.
- The package contains the following forms:
- Irrevocable Trust Agreement,
- Consent of Proposed Trustee, which must be signed by each of the designated trustees,
- Resolutions of the Trustees establishing the trust,
- Receipt for the initial trust property,
- Promissory Note,
- Register of Trustees.
- The trust will be an irrevocable discretionary trust.
- The division date will be the first to occur of (i) the date of the principal or (ii) the day before the 21st anniversary of the execution date of the trust agreement.
- The agreement provides for the incapacity of a trustee or a beneficiary.
- The settlor will derive no income or capital or other benefit from the trust.
- The settlor cannot act as a trustee.
- The settlor cannot revoke the trust.
- For the purposes of the Income Tax Act, the trust can only be resident in Canada.
- The trustees will be indemnified and held harmless against claims, losses and damages in connection with their acting as trustees. The indemnities and protections afforded to any trustee under the agreement will continue to run even if the trustee ceases to hold the position of trustee.
- No distributions of capital or income shall be made at any time that there are less than two trustees in office.
- Available in MS Word format, fully editable.
- Intended to be used only in the Province of Ontario, Canada.
$59.99
BC Purchase and Sale Contract for Investment Property
Buy commercial investment property in British Columbia from a bare trustee company with this Purchase and Sale Contract.
- The land is held by a bare trustee company on behalf of the seller.
- The transaction is conditional upon the buyer obtaining a satisfactory development feasibility study and an environmental review of the property.
- After the buyer's conditions have been removed, the buyer will have the option to purchase the trustee company shares.
- The document includes a disclosure statement by the parties' real estate agents in accordance with the Canadian Real Estate Association's Code of Ethics.
- This British Columbia Bare Trustee Purchase & Sale Contract for Investment Property is provided as a Microsoft Word file.
$29.99