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.