AI Quebec Purchase Agreement

This Residential Purchase Agreement (the "Agreement"), also known as a Promise to Purchase (Promesse d'achat), is made as of [[Agreement Date]] by and between:

Seller: [[Seller Full Legal Name(s)]] ("Seller")
Address for notices: [[Seller Notice Address]]
Phone: [[Seller Phone]] | Email: [[Seller Email]]

Buyer: [[Buyer Full Legal Name(s)]] ("Buyer")
Address for notices: [[Buyer Notice Address]]
Phone: [[Buyer Phone]] | Email: [[Buyer Email]]

Seller agrees to sell and Buyer agrees to purchase the immovable property described below on the terms set out in this Agreement, subject to the Civil Code of Québec (CCQ) and the Loi sur le courtage immobilier., -

ARTICLE I, PARTIES AND PROPERTY

1. The Immovable Property

The Property is the residential immovable (immeuble) located at:
[[Street Address, Unit/Apartment Number if applicable]]
[[City or Municipality]], Quebec [[Postal Code]]

Legal description (description légale): [[Full Legal Description, Lot Number, Cadastre, Plan Reference or Title Deed Reference]]

Tax roll number / Matricule: [[Tax Roll / Matricule Number]]

The Property includes the land, all buildings, improvements, fixtures, and appurtenances (meubles par destination). Included chattels and personal property: [[List included movable property, e.g. fridge, stove, dishwasher, window coverings, light fixtures, or "as per Schedule A"]]. Excluded: [[List exclusions or "none"]].

Buyer acknowledges having had the opportunity to inspect the Property.

2. Title and Ownership

Seller represents that Seller has good and marketable title to the Property, free and clear of all encumbrances except:

• Permitted easements and servitudes registered on title that do not materially affect the use or value of the Property.
• Any hypothec (mortgage) to be discharged on or before the closing date from the proceeds of sale.
• Any other matters disclosed in the Seller's Declaration (Déclaration du vendeur).

At closing, title will be transferred by notarial deed (acte notarié) executed before a Quebec notary in accordance with the Civil Code of Québec.

3. Seller's Declaration (Déclaration du vendeur)

Seller shall deliver to Buyer, within [[e.g. 3 business days]] after the Effective Date (or as required under the Loi sur le courtage immobilier for brokered transactions), a completed Seller's Declaration disclosing all known defects, latent defects, water infiltration history, presence of pyrite, urea-formaldehyde foam insulation (UFFI), underground oil tanks, foundation or roof issues, and any other material facts affecting the Property.

Buyer acknowledges that the Seller's Declaration is not a warranty. Buyer relies on Buyer's own inspections, professional reports, and due diligence. Seller remains liable for fraud or failure to disclose known latent defects under CCQ arts. 1716, 1736 (garantie légale de qualité)., -

ARTICLE II, PURCHASE PRICE AND DEPOSIT

4. Purchase Price

The total purchase price is $[[Purchase Price, Numerals]] (the "Purchase Price"), payable as follows:

5. Deposit

Within [[Deposit Payment Deadline, e.g. 3 business days after acceptance]] after this Agreement becomes binding, Buyer shall pay the deposit of $[[Deposit Amount]] to [[Brokerage Name or Notary Name and Trust Account Details]] to be held in trust pending closing or termination.

The deposit shall be applied to the Purchase Price on closing. In the event this Agreement is terminated in accordance with its terms without default by Buyer, the deposit shall be returned to Buyer. If Buyer defaults, the deposit may be forfeited to Seller as liquidated damages or applied to Seller's damages, subject to applicable law and any dispute resolution.

The holder of the deposit is: [[Name of Brokerage or Notary Holding Deposit]].

6. Adjustments

Property taxes, condo fees (if applicable), utilities, rents, and other income and expenses shall be adjusted as of the Closing Date on a per diem basis, with the Closing Date allocated to the Seller unless otherwise agreed., -

ARTICLE III, CONDITIONS AND CONTINGENCIES

7. Financing Condition

☐ This Agreement is not conditional on financing. Buyer confirms sufficient funds or firm financing.

☐ This Agreement is conditional on Buyer obtaining a firm commitment for a loan of not less than $[[Loan Amount]] on or before [[Financing Satisfaction / Waiver Deadline, e.g. 10 business days after Effective Date]] (the "Financing Deadline") on terms acceptable to Buyer in Buyer's sole discretion, including interest rate not exceeding [[Maximum Interest Rate]]%.

If the condition is not satisfied or waived by the Financing Deadline, either party may terminate this Agreement by written notice, and the deposit shall be returned to Buyer.

8. Inspection and Due Diligence Condition

Buyer shall have until [[Inspection Satisfaction / Waiver Deadline, e.g. 10 business days after Effective Date]] (the "Inspection Deadline") to conduct inspections of the Property at Buyer's expense, including but not limited to:

• General home inspection
• Structural / foundation inspection
• Roof and building envelope
• Environmental (including potential pyrite, asbestos, UFFI, oil tanks, contamination)
• Septic system and well (if applicable)
• Electrical, plumbing, and HVAC

Seller shall provide reasonable access upon reasonable notice. Buyer shall repair any damage caused by inspections.

If Buyer is not satisfied with the results of inspections in Buyer's sole discretion, Buyer may terminate this Agreement by delivering written notice to Seller on or before the Inspection Deadline. The deposit shall be returned.

9. Other Conditions

Sale of Buyer's Current Property (if applicable):
☐ This Agreement is conditional on the sale of Buyer's current property located at [[Buyer's Current Property Address]] on or before [[Sale of Buyer's Property Deadline]]. Buyer shall provide evidence of listing and any accepted offer upon request.

Appraisal:
☐ This Agreement is conditional on the Property appraising at or above the Purchase Price. Deadline: [[Appraisal Deadline]].

Review of Title and Survey:
Buyer shall have until [[Title Review Deadline]] to review title and any survey. Seller shall provide existing surveys and title documents within [[e.g. 5 business days]].

Any condition may be waived by Buyer in writing. Failure to give timely notice of termination results in waiver of the condition., -

ARTICLE IV, CLOSING AND POSSESSION

10. Closing Date and Notarial Deed

The closing (Closing Date) shall take place on [[Closing Date]] or such other date as the parties agree in writing.

On the Closing Date, Seller shall execute and deliver a notarial deed of sale (acte de vente notarié) before a notary licensed in Quebec (the "Notary"). Title passes upon registration of the notarial deed at the appropriate land registry office (Bureau de la publicité des droits).

The Notary for the transaction shall be: [[Notary Name, Firm, and Contact]] (or chosen by mutual agreement).

Buyer shall pay all costs of the notarial deed and registration unless otherwise agreed. Seller shall pay any costs to clear title.

11. Possession

Possession shall be given to Buyer on the Closing Date at [[Time of Possession, e.g. 2:00 p.m.]], subject to payment of the balance of the Purchase Price and satisfaction of all conditions.

Seller shall deliver the Property vacant (unless otherwise agreed for tenants), in the condition described in the Seller's Declaration and any inspection addenda, with all keys, access devices, and remote controls., -

ARTICLE V, DEFAULT, REMEDIES AND MISCELLANEOUS

12. Default by Buyer

If Buyer fails to complete the purchase on the Closing Date or otherwise defaults, Seller may:

• Terminate this Agreement and retain the deposit as liquidated damages (or pursue actual damages if greater, subject to law).
• Pursue specific performance or other remedies available under the Civil Code of Québec.

13. Default by Seller

If Seller fails to complete the sale or breaches a material term, Buyer may:

• Terminate and recover the deposit plus interest and damages.
• Seek specific performance of the obligation to sell.
• Pursue other remedies under CCQ.

14. Representations and Warranties

Seller represents and warrants that:

• Seller has full authority to sell the Property.
• There are no pending or threatened legal proceedings affecting the Property of which Seller is aware, except as disclosed.
• All known material latent defects have been disclosed.
• The information in the Seller's Declaration is true and complete to Seller's knowledge.

15. Notices

Notices under this Agreement shall be in writing and delivered by hand, registered mail, email (with read receipt if available), or as otherwise permitted, to the addresses above or to the parties' respective brokers or notaries.

16. Governing Law and Language

This Agreement is governed by the laws of the Province of Quebec and the federal laws of Canada applicable therein, including the Civil Code of Québec.

Pursuant to the Charter of the French Language, the parties acknowledge that they have expressly requested this Agreement and all related documents to be drawn up in the English language. A French version may be prepared if required for registration or upon request.

17. Severability

If any provision of this Agreement is held invalid or unenforceable, the remaining provisions shall continue in full force and effect.

18. Entire Agreement; Amendments

This Agreement, including all schedules and the Seller's Declaration, constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, and agreements relating to the subject matter. Amendments must be in writing and signed by both parties.

19. Counterparts and Electronic Signatures

This Agreement may be executed in counterparts and by electronic signature (including via accepted platforms), each of which shall be deemed an original.

20. Schedules and Addenda

The following are attached and form part of this Agreement:

• Schedule A, Included and Excluded Chattels and Fixtures
• Schedule B, Seller's Declaration (Déclaration du vendeur)
• Schedule C, Additional Conditions and Contingencies: [[Additional Conditions or "none"]]
• Schedule D, Other: [[Other Addenda]], -

ARTICLE VI, SIGNATURES

SELLER

Signature: ______________________________ Date: ___________

Printed Name: [[Seller Signatory Name(s)]]

BUYER

Signature: ______________________________ Date: ___________

Printed Name: [[Buyer Signatory Name(s)]]

If more than one Seller or Buyer, all must sign.

WITNESS (if required by broker or notary)

Signature: ______________________________ Date: ___________

Name: [[Witness Name]], -

DEPOSIT RECEIPT

Received from [[Buyer Name]] the sum of $[[Deposit Amount]] on [[Date Deposit Received]] to be held in trust pending closing or lawful termination.

Holder: [[Brokerage or Notary Name]]
Account details: [[Trust Account Reference]]
Received by: ______________________________ Date: ___________, -

SOURCES AND REFERENCES

• Civil Code of Québec (CCQ), arts. 1716, 1736 (garantie légale de qualité against latent defects), arts. 1385 et seq. (formation of contracts), Book 5 on obligations and Book 6 on property (immeubles).
• Loi sur le courtage immobilier (Real Estate Brokerage Act, CQLR c C-73.2), requirements for brokers, forms, and declarations.
• Charter of the French Language (Charte de la langue française), language of documentation.
• Notarial practice under the Notaries Act and CCQ for transfer of title by notarial act.
• Common practices for Promesse d'achat and deed of sale in Quebec.
• As of June 2026., -

> Template, not professional advice. This is a general-purpose template illustrating typical Quebec residential purchase terms under the Civil Code of Québec and the Real Estate Brokerage Act. It is not a substitute for legal advice, the current prescribed forms used by real estate brokers, or the advice of a Quebec notary or licensed real estate lawyer. All parties must obtain independent legal advice. Verify all clauses, deadlines, disclosure obligations, deposit handling, and language requirements with current law, a notary, or a licensed professional before use. French language requirements and notarial formalities are mandatory in many cases. As of June 2026., -

*AI Quebec Purchase Agreement, airealtydesk.pro*