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Agreement by which the parties agree on the rules under which they subsequently intend to make a commitment. The offer to purchase and the preliminary contract constitute a prior-contract. In order for there to be a transfer of the right of ownership, the deed of sale must be signed by the vendor and the purchaser.
30/03/2024
You’ve finally found the apartment you’ve been searching for—the one that checks all the boxes. Thoughtfully renovated, elegantly decorated, and filled with natural light. It also comes with dream-worthy amenities: a stunning rooftop terrace for summer evenings, a pool for relaxation, a gym to stay in shape without leaving the…...
12/12/2023
After reaching an agreement on the conditions of sale with a builder or developer, you will be asked to sign a preliminary contract.It is compulsory only in the case of the sale of a dwelling to be occupied by a natural person, It is not compulsory for a sale to…...
13/12/2010
An offer to purchase, also known as a promise to purchase, precedes any transaction relating to an existing property, as opposed to new or to be build condos, which are accompanied by a preliminary contract. The initiative of an offer to purchase is taken by a potential buyer, who will…...
02/12/2023
Once the apartment of your dreams in your price range found, the next step is to make an offer to purchase, either verbally or in writing. Although the verbal option is legally valid, it is better to formalize it in writing. L’Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ) (the…...
21/08/2015
The sale of a residential immovable intended for a natural person who acquires it to live in it, whether it is built or to be built by a builder or developer, must be preceded by a preliminary contract. Article 1785 of the Civil Code of Quebec obliges the builder to…...
25/10/2010
The deed of sale must show the intent of both the seller and the purchaser. It confirms the agreements between the parties, in particular those of a financial nature. These agreements are generally written in details in the offer to purchase. Keep in mind that it is not compulsory to reproduce…...