The As Is Residential Contract For Sale And Purchase Fillable is a standardized legal document used in Canadian residential real estate transactions where the property is sold in its existing condition. This contract type is particularly relevant when sellers wish to limit their liability for property conditions and buyers are willing to accept the property with all existing defects. It's commonly used for properties that may need renovation, older homes, or situations where the seller has limited knowledge of the property's condition. The document includes mandatory disclosures required by Canadian law, while explicitly stating the "as is" nature of the sale. It provides detailed sections for property description, purchase price, closing requirements, and both parties' rights and obligations. The contract is designed to comply with provincial real estate regulations while offering flexibility through fillable sections that can be customized to specific transaction requirements.
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1. Parties: Identification of the seller and buyer with full legal names and current addresses
2. Background: Context of the transaction and acknowledgment of the 'as is' nature of the sale
3. Definitions: Key terms used throughout the agreement including Property, Closing Date, Purchase Price, and As Is condition
4. Property Description: Detailed legal description of the property including address, legal boundaries, and property identification number
5. Purchase Price and Payment Terms: Total purchase price, deposit amount, payment schedule, and financing conditions
6. As Is Condition and Disclaimer: Explicit statement that property is sold 'as is' with buyer's acknowledgment of current condition
7. Seller's Representations: Limited representations regarding ownership, authority to sell, and known material defects
8. Buyer's Acknowledgments: Buyer's confirmation of property inspection and acceptance of current condition
9. Closing Provisions: Closing date, delivery of possession, and required documentation
10. Title Transfer: Requirements for clear title and process of title transfer
11. Closing Costs and Adjustments: Distribution of closing costs, tax adjustments, and other financial arrangements
12. Default and Remedies: Consequences of default by either party and available remedies
13. Notices: Method and addresses for official communications between parties
14. General Provisions: Standard contract clauses including governing law, entire agreement, and amendments
1. Financing Contingency: Used when buyer requires mortgage financing to complete purchase
2. Property Inspection Period: When buyer requests time for professional inspection despite 'as is' nature
3. Tenant Rights: Required if property is currently tenant-occupied
4. Condominium Provisions: Required for condominium properties, including status certificate review
5. Home Warranty Disclaimer: Additional warranty disclaimers for newer properties
6. Environmental Matters: For properties with known environmental concerns
7. Survey Provisions: When a new survey is required or existing survey is to be relied upon
8. Chattels and Fixtures: When specific items are included or excluded from sale
1. Schedule A - Legal Description: Detailed legal description of the property from land registry
2. Schedule B - Included Chattels: List of moveable items included in the sale
3. Schedule C - Excluded Fixtures: List of attached items that are not included in sale
4. Schedule D - Known Defects: Disclosure of known property defects or maintenance issues
5. Schedule E - Property Disclosure Statement: Seller's disclosure of property condition and history
6. Schedule F - Title Search: Results of title search and any encumbrances
7. Appendix 1 - Property Photographs: Current dated photographs documenting property condition
8. Appendix 2 - Floor Plans: Current floor plans or sketches of the property
9. Appendix 3 - Inspection Reports: Any existing inspection reports or property assessments
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