Alberta Purchase & Sale Agreement Package for New Condominium

AB developers, 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:

• Offer to Purchase and Agreement of Purchase & Sale,
• Schedule re Manager's Residence,
• Schedule re Alberta New Home Warranty Program,
• Restrictive Covenant re Parking Units,
• Addenda re Financing and Financing (CMHC), and a Waiver of CMHC Financing,
• Addendum re GST,
• Addenda re Additional Parking Stall, Storage, and Customization.

This Alberta Purchase & Sale Agreement Forms Package for New Condominium is provided in MS Word format, and is fully editable to meet your needs.