Alberta Purchase & Sale Agreement Package for New Condominium

Alberta developers, sell units in a condominium project which is still under construction with this 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.