Ontario Purchase and Sale Agreement for Commercial Property

The seller is responsible for all expenses and taxes on the property up to the closing date. The buyer is responsible for those costs from and including the closing date.
The seller is entitled to all rental revenues up to the closing date. From and including the closing date, the buyer will receive all rents from the property.
The seller will make available to the buyer all documents, authorizations, records, etc. to allow the buyer to perform its due diligence and complete its inspection and any environmental or structural audits required.
The buyer agrees to assume the existing tenants and leases, but is not obligated to assume any contracts for supply of products or services to the property.
The seller agrees not to enter into any new leases prior to closing, and will notify all utility and other services of the change of ownership.
This legal form is available as a Microsoft Word file and is fully editable to fit your circumstances.
Intended for use only in the Province of Ontario, Canada.

Document Type:

Microsoft Word

Last Updated: 12-March-2024

SKU: 8350

Ontario

Real estate

Sale contract

$34.99

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Ontario Offer to Purchase Business Assets and Shares

The offer is for the assets (excluding cash on hand and receivables) and the shares, but not the debt obligations of the company.
Upon being accepted, the offer automatically becomes a legally binding purchase and sale agreement.
The buyer will not assume any of the business liabilities except for the premises lease, maintenance contracts and salaries of employees that will be kept on after the closing.
The parties agree to review and make any adjustments to the purchase price six months after closing.
It is the seller's responsibility to terminate employees, prepare financial statements, file the final income tax return and pay corporate taxes as of the closing date.
This is a downloadable fully editable template in MS Word format.
Intended for use in the Province of Ontario, Canada.

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This lease is a triple net lease carefree to the landlord, which means that the tenant pays for everything to do with the premises including structural repairs.
The tenant has an option to renew the lease for an additional term.
The tenant will pay all expenses, taxes, levies, and charges with respect to the premises, except for the landlord's income taxes.
The tenant is responsible for carrying fire and extended coverage insurance.
The tenant is responsible for all alterations, improvements, maintenance and repairs.
Provisions for abatement of rent or termination of the lease if the building is substantially damaged, destroyed or condemned.
The tenant accepts the lease subordinate to any mortgage or other lien.
The tenant must provide an estoppel certificate on request by the landlord.
This is a fully editable legal form template available in MS Word format.
Intended for use solely in the Province of Ontario, Canada.

$29.99

The business is sold as a going concern, including assets, inventory and goodwill.
The amount of the purchase price allocated to inventory will be adjusted prior to closing based on the actual physical inventory at that time.
The transaction is conditional in part upon the parties completing all of their covenants that must be performed prior to closing.
Schedules include Definitions, Representations and Warranties of Seller, and a Non-Competition Agreement are included in this package.
The Asset Purchase Agreement package is available in MS Word format and is fully editable to fit your specific needs.
Intended for use only in Canada.

$49.99