1. The buyer designs a purchase and sale contract (offer). Suppose that, when buying a home, the buyer wants to submit an offer for inspection. The buyer`s representative could use the following item clause: it is important to determine which items are included in the purchase price. the identities of the parties are clear and verified (e.g. B identity card, passport, etc., in particular where the order concerns parts with which the seller may not be familiar); Licensees acting for zechters should pay particular attention to identifying the beneficiary of taming. Licensees should confirm, by acceptable identification, that the person requesting the assignment of the contract is the buyer of the contract; 3. If the property requires repairs of more than 1500 $US, the buyer does not wish to buy it, unless the seller assumes responsibility for these repairs. An option clause is an effective instrument for addressing the consequences of a subject clause that tends to be too subjective. An option is a legally enforceable agreement where a seller promises the buyer to keep an offer open for acceptance until a certain time. In other words, an option is a contract by which the seller promises to make an offer irrevocable. The British Columbia Real Estate Guide provides the following useful definition of an option. Enter the date on which the property in question was visited by the buyer: In most cases, the expiry date of the sales contract corresponds to the underlying mortgage.
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