Close
(0) items
You have no items in your shopping cart.
All Categories
    Filters
    Preferences
    Search

    Ontario Schedule to Purchase Agreement for Hotel Assets

    $29.99

    Prepare a Schedule to an Asset Purchase Agreement for the purchase and sale of the assets of a hotel business with this downloadable template for Ontario.

    • The seller must comply with the requirements of the Ontario Bulk Sales Act.
    • Room rentals, restaurant and lounge receipts will be adjusted at midnight on the date of closing.
    • Method of transferring the liquor license to the purchaser.
    • The seller warrants that the employees are not represented under a collective bargaining agreement.
    • Conditions of the purchaser for closing the transaction.
    • Representations and warranties of the seller.
    • Disclosure of revenues, expenses, contracts and business information.
    • Assignment of service contracts and leases, trade names, signage and phone numbers from the seller to the purchaser.

    This Asset Purchase Agreement Schedule addresses the special matters to be considered when purchasing hotel assets under Ontario provincial laws. Downloadable, fully editable.

    Download Type: Microsoft Word
    Last Updated: 14-April-2016
    SKU: 4922
    Customers who bought this item also bought

    Ontario Hotel or Motel Acquisition Due Diligence Checklist

    $0.00

    Conduct your due diligence business review prior to buying a hotel or motel in Ontario with this Hotel or Motel Acquisition Due Diligence Checklist.

    • The checklist lists the various issues that you should review with your legal and financial advisers before proceeding with the purchase of the hotel business.
    • The form includes a breakdown of which items are to be handled by (i) the lawyers, (ii) the purchaser, (iii) the vendor.
    • The Checklist is downloadable and fully editable.

    Buying a hotel or motel is a major investment. Download the free Acquisition Due Diligence Checklist to help you mitigate the risks.

    Hotel Management Agreement

    $29.99

    Hire a manager or management company to run the operations of your hotel with this comprehensive Hotel Management Agreement.

    • The hotel manager agrees not to provide services to any competing business within a specified radius of the hotel. (This clause is applicable if a management company is being retained to run the business.)
    • The owner is responsible for ensuring that the business has adequate cash flow to pay all its operating expenses as they come due.
    • The hotel manager is responsible for establishing and maintaining proper accounting systems and records.
    • The hotel manager will hire all staff and negotiate all contracts, including union contracts.
    • The hotel manager is responsible for preparing a yearly operating plan for the hotel.

    This Hotel Management Agreement template is generic (not country-specific) and is fully editable to meet your specific needs.