SCHEDULE A
FINANCING CONDITIONS
The terms and conditions of this Schedule A shall prevail in the event of a conflict with the terms
and conditions of the attached standard Agreement of Purchase and Sale.
Initial deposit $
Closing Date:
The Buyer agrees to pay a further sum of ( ), payable to the Buyer’s Title Company
in Escrow, upon removal of all conditions contained herein, as a supplementary deposit to be held
in Escrow pending completion or other termination of this Agreement. This amount is to be
credited towards the purchase price on completion of this transaction.
Should the offer to purchase become null and void, any deposit paid by the Buyer will be returned
in full without interest or penalty.
This Offer is conditional upon the Buyer obtaining, at its own expense, satisfactory financing to
him for the said property on or before . Failing which this Offer shall become null and void
and the Buyer’s deposit shall be returned in full without interest or penalty.
SCHEDULE B
GENERAL CONDITIONS
The terms and conditions of this Schedule B shall prevail in the event of a conflict with the terms
and conditions of the attached standard Agreement of Purchase and Sale.
Income and Expense Verification
This Offer is conditional upon the Buyer being satisfied with statements of income and expense
which the Seller agrees to provide within 5 business days of acceptance of this Offer for a minimal
period of two years to-date, including rent receipts for each apartment to verify what the tenants
are paying monthly. Tax, insurance, utilities, gas and water bills for same period as well as receipts
for any other expenses and improvements to the property will also be provided to Buyer.
Assignment
The Buyer shall have the right, at any time before the signing of the deed of sale, to sell the promise
to purchase to another person(s) or corporation, either existing or in the process of becoming
incorporated, all at the sole discretion of the Buyer, and from the date of the sale, the Buyer will
be released from the promise to purchase and any deposit paid by the Buyer will be returned in
full without interest or penalty.
Property Viewing, Right to Show and Inspection
The Seller agrees to cooperate in providing access to the property for the purpose of viewing the
property. Buyer reserves the right to show the property prior to closing to any and all prospective
occupants or partners, up to the closing date, with 24 hours notice.
This Offer is conditional upon the inspection of the subject property by the Buyer or the Buyer’s
building inspector, at the Buyer’s own expense, and obtaining a written report satisfactory to the
Buyer, at its sole and absolute discretion, by , failing which this Offer shall be null and void
and the deposit shall be returned to the buyer in full without interest or penalty.
Insurance Coverage
This Offer is conditional upon the Buyer arranging, at its own expense, satisfactory insurance
coverage to him on the said property by failing which this Offer shall be null and void and
the deposit shall be returned to the Buyer in full without interest or penalty.
Approval
This Offer is conditional upon the approval of the terms hereof by the Buyer’s Partner(s) and
Lawyer, failing which this Offer shall become null and void and the deposit shall be returned to
the Buyer in full without interest or penalty.
The seller can continue to offer the property for sale and in the event the seller receives
another offer satisfactory to the seller, the seller may notify the buyer. The buyer shall
have 48 hours from the giving of such notice to waive this condition by notice in writing
delivered to the seller, failing which this offer should be null and void, and the buyer's
deposit should be returned in full without reduction.