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   From: spanky@ourgang.net   
      
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   >                         DISCLAIMER AND INSTRUCTIONS   
   >                 FOR REAL ESTATE PURCHASE CONTRACT (Alberta)   
   >                                APRIL 2001   
   >   
   > The author, the publisher, and the vendor of this form make no   
   > representations or warranties regarding the outcome or the use to which   
   > this form is put and are not assuming any liability for any claims,   
   losses,   
   > or damages arising out of the use of this form. The user of this form   
   > should not rely on the author or publisher of this form for any   
   > professional advice.   
   >   
   >   
   >                Stuart Hyderman            GENERAL INSTRUCTIONS   
   >   
   > Self-Counsel's Legal and Business Forms on Disk contain the following   
   files   
   > with different extensions for your use, depending on what word processing   
   > package you have on your computer:   
   >   
   >   1. If you use Microsoft Word 6.0 or higher, use the file with the   
   >      extension *.doc   
   >   
   >   2. If you use Acrobat, use the file with the extension *.pdf   
   >   
   > Follow these steps for using the computer form:   
   >   
   >   1. Using your word processing software, open the appropriate file.  (You   
   >      will probably want to copy the file onto your hard drive, rather than   
   >      use the floppy disk version.)   
   >   
   >   2. Complete the form according to your wishes. If instructions were   
   >      included with the package, please be sure to read them as you go   
   >      along. Note that the computer form has been designed to look as close   
   >      as possible to the original Self-Counsel Press printed form provided.   
   >      The final appearance of your computer form will depend upon what type   
   >      of printer and word processing software you are using.  As a result,   
   >      some modifications may be necessary.  In particular, page breaks or   
   >      blank lines may have to be inserted to ensure that related lines of   
   >      text remain on the same page.  You may wish to use the original   
   >      Self-Counsel Press printed form as a rough guide. The computer form's   
   >      design allows you to fill in all, some, or none of the blank sections   
   >      before printing.  Most of these blank sections are represented by a   
   >      number of underscore characters like this "_____________." Sometimes   
   >      these sections may be too long for your computer to fit on the   
   current   
   >      line, resulting in text which may look like:   
   >   
   >                n  a  m  e      o  f     p  e  r  s  o  n _________________   
   >                _______________________________   
   >   
   >      instead of:   
   >   
   >                name of person ____________________________________________   
   >   
   >      If you do not wish to fill in the person's name just yet, then simply   
   >      delete a few of the underscore characters until the blank section   
   fits   
   >      on the appropriate line.   
   >   
   >   3. Review your work.   
   >   
   >   4. Print and sign!   
   >   
   >   
   >                   REAL ESTATE PURCHASE CONTRACT (Alberta)   
   >    (PURCHASERS AND VENDORS - READ CAREFULLY BEFORE COMPLETING AGREEMENT)   
   >   
   >    1.  The contract, when signed by the parties, is a legally binding   
   > agreement for residential real estate transactions in Alberta. If you are   
   > unsure of anything, seek professional help. Read carefully before signing.   
   > All the terms of the contract should be in writing as the contract   
   > expressly excludes any verbal agreements. Likewise, anything in the   
   > contract that is not applicable to the sale should be deleted by striking   
   > it out and initialling.   
   >   
   >    2.  Any deposit paid directly to a Vendor is unsecured. It would,   
   > therefore, be advisable that any sizable deposit be held in trust with an   
   > agent or a lawyer, unless you file a caveat against the property pursuant   
   > to the Real Estate Purchase Contract for which you will probably require   
   > the assistance of a lawyer.   
   >   
   >    3.  Clause 1: Any conditions that you require as Purchaser, such as the   
   > sale of your existing house, or having this contract reviewed by a lawyer,   
   > should be inserted in this clause.   
   >   
   >    4.  Clause 2: If you wish to add additional terms, such as the   
   > requirement that the Vendor provide you with a current copy of the Real   
   > Property Report, such a provision should be included in this clause.   
   >   
   >    5.  Clauses 5 and 6: The Adjustment Date and Possession Date are   
   usually   
   > the same.   
   >   
   >    6.  Clause 7: If you wish to purchase chattels which are not fixtures,   
   > you should list them in this clause. If you are in any doubt as to whether   
   > an item is a fixture or a chattel, you should specifically refer to that   
   > item in this clause.   
   >   
   >    7.  Clause 10: The Vendor should realize that if a mortgage being   
   > assumed by the Purchaser is a CMHC mortgage, the Vendor will remain   
   > responsible for that mortgage even though the Vendor has sold the   
   property.   
   >   
   >    8.  Clause 12: At the time of completion, it is advisable for the   
   > following procedure to be followed:   
   >   
   >      a.  The Vendor's lawyer should prepare all necessary documents   
   >      including the Transfer of Land and forward them to the Purchaser's   
   >      lawyer in trust for completion by the Purchaser in accordance with   
   the   
   >      reasonable trust conditions set out by the Vendor's lawyer.   
   >   
   >      b.  The amount due on completion including all adjustments should be   
   >      paid in trust by the Purchaser to the Purchaser's lawyer before the   
   >      completion date.   
   >   
   >      c.  Once the documents are signed and the necessary funds are in   
   >      trust, the Purchaser's lawyer will arrange to register the Transfer   
   of   
   >      Land together with the new mortgage if any, at the appropriate Land   
   >      Titles office.   
   >   
   >      d.  After confirmation of Registration of Title in the Purchaser's   
   >      name, the Purchaser's lawyer will release the sale proceeds to the   
   >      Vendor. The Vendor is entitled to the sale proceeds on the completion   
   >      date; consequently all necessary documents must be signed and monies   
   >      put in trust in advance of such date.   
   >   
   >      e.  The costs of registration of the Transfer and the mortgage are   
   >      paid by the Purchaser.   
   >   
   > VENDOR'S COSTS   
   > Lawyer's fees and expenses for:   
   >    - preparation of the Transfer and any Vendor takeback mortgage   
   >    - attending to sale on Vendor's behalf   
   >    - discharging any encumbrances   
   >    - Land Titles search fees   
   >    - deliveries and any other miscellaneous expenses   
   >   
   > Costs of clearing title, including:   
   >    - discharge fees charged by encumbrance holders   
   >    - prepayment penalties   
   >   
   > Real estate commission (if applicable)   
   >   
   > PURCHASER'S COSTS   
   > Lawyer's fees for attending to sale on Purchaser's behalf, including   
   > advising on purchase and expenses for:   
   >    - title searches   
   >    - Land Titles registration fees for transfer and mortgage   
      
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