HomeMy WebLinkAbout02 063 sale of land legrand
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THE CORPORATION OF THE MUNICIPALITY OF KINC INE
BY-LAW
NO. 2002 - 63
BEING A BY-LAW TO AUTHORIZE THE SALE bF LAND
TO JIM LEGRAND I
i
WHEREAS Jim Legrand wishes to purchase from the Municip lity of Kincardine
lands described as Plan 210 Part Lots 59 and 60 King Str et, westside, on
Reference Plan 3R-196 part 20 in the Municipality of Kincar ine (formerly the
Village of Tiverton), in the County of Bruce;
NOW THEREFORE the Council for The Corporation of th Municipality of
Kincardine ENACTS as follows:
)
1. That the Mayor and C.A.O. be authorized to execute su h documents, on
behalf of The Corporation of the Municipality of Kinca ine, as may be
deemed advisable to convey the lands described on Sche ule "A" attached
hereto, to Jim Legrand.
2. That the sale price for the said lands shall be eleven thousand dollars
($11,000.00).
3. That the sale of these lands shall be subject to the conditi ns outlined in the
agreement of purchase of sale attached as schedule "A"; and, that fifty per
cent (50%) of the net proceeds from this sale be credited to the Kincardine
Economic Development Fund; and, fifty per cent (50%), of the net proceeds
from this sale be credited to the Kincardine Capital Reserve Fund.
4. That this by-law shall come into full force and effect upon its final passage.
5. That this By-law may be cited as the "Part Lots 59 and 6 (LeGrand) Land
Sale, By-law".
READ a FIRST, SECOND and THIRD TIME a
8111 day of May, 2002.
r
passed this
.~
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AGREEMENT OF PURCHASE AND SALE
(FOR USE IN THE PROVINCE OF ONTARIO)
œ
SCBlIDULE "A" TO BY-LAW NO. 2002
BUIEII, Jim LeGrand
----------------------- -------------------------------~~I~f~~~~~I~i-------------------
SEWR......... n. n. n. n. n.. n ___. n. n. n... n...MII!I.i~~!i!YJ)n9.~~~[ne.... n. n. n.... n..... n. n. n. n. n. n. n. n. . the follow;ng
..... I (Full legal name:l of all Seller.)
t..I'tOPlR1Y'
, 'n n.. n.... n. n. n.19 ¡:liZ ~~~ .~~~.et n. n. n. n. u. n. n. fronting on the..... .~( lI!hn. u .side of. u... ..EI~alleth. St 'E et n.. n....
in the... u' n. n. n. n... n... NI.II!ljçj~litJ .ºf.~!l.~~i!l.~ .(J( IJ)'!~rty.~~~\/Ulag~ .ºU.iy.~ctº!ll, .ç.!1!'.f!I.Y .!1f .~.~çe...... n. n. n.......__
ond hcMng 0 fronloge of.___nnJ?:~I()J~~nnuunmoreor I... byo depth ofu___nn.1.39..~8.f~~.ir:r:eg. ___n___. more or I... ond legally described as
.......... f'lan. g19. f'I .~º~. ~.~ .II!I.I! .~9. .IS!I1!lW!~ .~f'. ~R: 1.~. fill!'! .?9. !!l thI M.lIn.i~p.II!~Y. 91. ~!,!Ç!I.~i!,!~., .Ç.o!'!'!1ï .ºf .~f!J.çe...
nh___.nnnnnnnnn. ...______.________________________ (the "properly").
Page 1 of 2
_ _ _ _ _ _ ,aSrees to purchase from
_PRICE.
-,
Buyer slA>móts L.n.n..H~.~h.___.n.nL.n.n.nn..n....FI~.H!,J~I?~¡;.l?n.u. ..n...n.n.Dollo.. (CDNS. ___.n.n~()9...C!9nnuu.. )
(Her-ithlUpon a«epta~)
coshOfneeotioblechequepayableto'h____________nR9JIIJ.I,·!I'p~ge.!;x.<;h~~g.~.~ell.i!Y.ºO'hn___n______nto be held in trust pending completion or
other termination of this AgrMm9l"ll and to be credited toward the Purchase Price on completion. Buyer agrees to pay the balance as follows:
The Buyer agrees to pay the balance of the purchase price, subject to adjustments, in cash or by certified cheque, to the
Seller on the completion of this transaction.
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--~hnn-n-n-n-n(le9alde.O;~:.;,-~fnd~~~ñõt-Jë.ërib.;d-~
·.·..n. ... ... ... ..¡;h!=.Y!;~.THº!,J~~~.I?n..u.u.u. ..n.n.n Dallo.. ICDNS ...u___1~.,9.99.·.C!O
no no )
.
SQlEDULE(SLn..__.__..!"!'U..l.~..'~eto formls) port of this Agreement.
ocanas INCLUDED'.. __. n. ___. n.......... u. __. n. n. n. u............ un. !'!iJ......... u.__
1.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ~ - - - - - --
-~. - -- - -- - -- - -- - -- - -- - -- - - - -- - - -- - -- - -- - -- - -- - - - - - - - --
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2. FIXJ\RIES~DED'...................................... ....................~[I..........................................................
: ~~~~~~~..~J:~~~.,;.<~'~
aft..,r which time, if not accepted, this Offer shall be null and void and the deposit shall be returned to the Buyer in full without interest. IY- )
_EON DATE, This Agreement sholl be completed by no loterthon 6,00 p.m.onlhe 31st doyof MaJ 2002
U n completion,vacant possession of the property shall be given to the Buyer unless otherwìSë prOVideafór in thiš 'AgieØiñãñi.- -- - - --- -- - -- -- - -' - - --¡Y;c;rf---
6. nc&S: Vendor hereby appoints the üstlng ·Broker as Agent for the purpose of Siving and receiving notices pursuant to this ARreement. Only If the Co-operallng
B represents ............... of the ...,..In..... traneactlor... the Buyer hereby appoints the Co-operating Broker as Agent for lhe purpose of
givlnS and receivins notices pursuant to this Agreement. An¡ notice relating hereto or provided for herein snail be in writins. This offer, any counter offer, notice of
acoeptanc:e thereof, or any notice shall be deemed given and received, when hand delivered to the address for service provided in the AcknoW(edsement below, or
where a foc:simile number is provided herein, when transmiHecI electronically to that focsimile number.
7. ~~::;~~;;~,;,-.;~;.;~i~;¡~·t;:~~~;.d·~::~::.~~:t::,:::~1I ~..·.·.·.·.·.····.·.~:i.:Œ"iijilliãli;~~~~~
If this transaction is not subject to G.S.T., Seller agrees to certify on or before dosing, that the Iransadion is not subject to G.S.T. \~
8. n1LE SUIIOI, Bvyeo- sholl be ollowed until 6,00 p.m. on Iheun.3~~n___doy ofnnnu.u.uNlaJnmmmn_. n?Q9gn' (Requisition Dote) to
~mine the title to the property at his own expense and until the earlier of: [I) thirty days from the later of the Requisi~r)Date or the date on which the
CQf'dilions in fhis Agreement are fulfilled or otherwise waiWICI or; [lij fiWI days prior to completion, to satisfy himself that there are no outstanding work orders
~~~~i:Snt~~~t~~' t~~IPb=nguse ~y -be -iñšured-ãëãíñst- rìSk Of fire.- Sèflër ~i-~~~-ÎÕ -tñe- müñiapafifi o;-õihef- govemmenÏa~
a98nd_, refG(1ling to Buyer details of ali outstanding work orders affecting the property, and Seller agrees to execute and deliver such further authorizations
in this regard as Bur: may reasonably require.
9. "PURE USE: Set er and 8uver agree that there is no representation or warranty of any kind that the future intended use of the property by Buyer is
or will be lawful except as may be specific:alfy provided for in this Agreement
10. n1Ll: Provided thai thetitJeto the property is good and free from all registered reslridions, charges,liens, and encumbrances except as otherwise specifically provided in
Ihis Agreement and save and except for (a) any registered restridions or covenants that run with the land providing that such are complied with; (b) any registered
muhidpal agreemenfsand regist«ed asreements witn publidyregulated utilities providing such txnoe been complied witn,orsecurityhas been posted to ensure compIial1Oill
and completion, as evidenced by a letter from the relevant munidpality or regulated utility; (c) any minor easements for tn. supply of domestic utility or telephone
services to the properly or adjacent 'p~ies; and (d) any _,_ Ã for drainage, storm or sanitary sewers, public utility Ii...., telephone lines, coble television lines
or other services which-do not matenally affect the presenl useaftn. property. If within the specified times referred to in paragraph 8 any valid objection to title or to any
ouløtanding work order or defidency notice, or to the fad ... soid present use may not lawfully be continued, or that tt. principal building may not be insured
against risk of fire is made in writing 10 Seller and which Seller is unable or unwillins to remove, remedy or satisfy or obtain insurance save and except
agl1linst risk of fire in favour of the Buyer and any mortgagee, (with all related costs at the expense of the Sellerl, and which Buyer will not waive, this
, AellTlGnt notwithstanding any intermediate acts Of negotiations in resped of such obl"ections, shall be at an end and all monies paid shall be returned without
iof est or deduction and Seller, listing Broker and Co-operating Broker snail not be iable for any costs or damages. Saw as to any valid obíedion 50 made
b uch day and except for any objection going to tM root of the title, Buyer snail be condusi...ely deemed to have accepted Seller's title to the property"
. NG AlIANGEMEN1S: Where each of the Seller and Buyer retain a ICJW)'8I'" to complete the Agreement of Pu-chase and Sale of the property, and where
the transadion will be completed by electronic registration pursuanl to Part III of tM Land Registration Reform Ad, R.5.0. 1990, Otapter L4, and any amendments
thateto, the Seller and Buyer acknowledge and agree tOOt the delivery of documents and the release thereof to tne Seller and Buyer may, at the lawyers'
di*etion; {a} not occur contemporaneously with the registration of the transfer/deed (and other registerable documentation,) and (b) be subject to conditions whereby
fheUawyer receiving documents and/or money will be required to hold them in Irust and not release them except in accordance with the terms of a wriHen asreement
~ tne lawyers.
I" ",nclard Form: Do no' al.... when printing or nÞprodudng.... standard pre-set portion. F-. No. 101 01101
....1OIIIS"..1 l1.li1 Royal LePoge ~hange Realty Co.
12.
DOCUMENTS AND DISatARGE: Buver shall not mil for the produdion of any tille deed, abstract, survey or other evidence of title to the property .pt'sùch "':~
as ore in the p'ossession or control of Seller. tf r~ by Buyer Seller will deliver any sketch or survey of the properly wilhin Seller's controt to Buyer as .
soon as possible and p'rior 10 the Requisition OoIe. H 0 discnarse 0# any OIarge/Mortgoij9 held by a cor~ralion incorporated pursuant to the Trust and loan
Companies Ad (Canada), o,artered "Bonk. Trust Company, Credit Union, Caisse Populolre or Insurance Company and which IS not 10 be assumed by Buyer
on completion, is not available in registrable form on completion, Buver agrees to accept Seller's I~'S personal undertaking to obtain, cui of the clos~ng
funds, a discha. rqe in registrable form and 10 register same on litle within a reasonable period of time after completion, provided lhat on or before complehon
Seller shall proVide to Jiuyer a mortgage statement prepared by the mort~ setting out lhe balance required to Obtain the discharse, toselher wifh 0
direction exec:uted by Seller directing paY':"9f'1l to the mortgagee of IIie amount required to obtain the discharge out of lhe balance due on completion.
INSPEcnONt Buyer acknowledges having had lhe opportunity to i~ lhe property and Understands that upon acceptance of this Offer
there shall be a binding agreement of purchasEi and sole between ~ and Seller. .
INSURANCE: All builClinss on the pro,p.erty and all other things being purchased shall be and remain until completion at the risk of Sell.. Pending completion,
Seller shal1 hold all insurance policies, If any, and lhe proceeds lhereof in trust for lhe parties as their i",Bfests may appear and in the event of substantial damage,
Buyer may either lerminate this Agreement and have all monies paid returned willioul inleresl or dedudion or else take lhe proceeds of a~ insurance:IÞ
complete the purchase. No insurance shall be transferred on completion. If Seller is taking bock a Charge/MortgaSe, or Buyer is assuming a Charge/Mort
Bu}'i!l'r shall sUPF?ly Seller with reasonable evidence of adequate insurance to proted Seller's Of other mortgagee's interest on completion.
PlANNING ACTs This Agreemenl shall be effective to create an interest in the property o",y if Seller complies with the subdivision control provisions of
Planning .Ad bv compl.etion and Seller covenants to proceed diligently at his expense 10 obtain any necessary consenI by completion.
DOCUMENTPREPARAnON: The Transfer/Deed shall, save for the Land Transfer Tax AffidOvit, be prepared in registrable form at the expense of Seller, and
any Charse/Mortsase to be siven back by the Bu):er to Seller at the expense of Ihe 8uver. If r~uestãd by Buyer, Seller covenanls that the
Transfer/D8ed to be delivered on.comp'lelion sheill contain the statements conlemplated by Section 50 (22) of the Planning Þd, R.S.Ò. 1990.
RESIDENCY: Buyer shall be credited towards the Purchase Price with the amount, if any, necessary for Buyer to pay to the Minister of Nalional Revenue to
satisfy B~s liability in respect of tax ~ble by Sel1er under the non~residency provisions of the Income Tax Act by reason of this sale. Buyer shall not
claim sum credit jf Seller delivers on completion lhe prescribed certificate or a statulory declaralion that Seller is not then a non-resident of Canada.
ADJUSTMENTS: Any rents, mortgage interest, realty taxes including local improvamanl roles and unmelerad public or private utility charges and unmelered cost
of fuel, as aPOticable, shall be apportioned ana alloWed to the day of completion, the day of completion itself 10 be apportioned to Buyer.
nME UMlts:: Time shall in all respeds be of the essence hereof provided that the time for doing or completing of any maUer provided for herein may be extended
or abridged by an agreement in writing signed by Seller and Bupr or by their respective Ic!\~ers Who may be specifically authorized in that regard.
TENDER: Þny tender of documents or money hereunder may be made upon Seller or t5uyer or their respedive 1':J~rs on the day set for completion. Money
may be tendered by bank draft or cheque certified by a Chartered Bank, Trust Company, Province of Ontario Savings Office, Oedit Union or Caisse Populaire.
FAMILY LAW ACT: Seller warrants that spousal consent is no! necessary 10 this transadion under lhe provisions of the Family Law Ad, R.S.O. 1990 unless Seller's
spouse has executed the consoot hereinafter provided.
UFPI: Seller represents and warrants to Buyer thai during lhe time Seller has owned Ihe property, Seller has not caused any building on the property to be
insulated with insulation containi~ ureaformaldehyde, and thai to the best of Seller's knoWledge no building on the propertY. conlains or has ever contained
insulation that contains ureaformaldeh~. This warranty shall survive and not merge on the completion of this transadion, and If lhe building is part of a multiple
unit building, this warranty shall only ar,plY to that part of the building which i. the subjed of this transaction.
CONSUMER REPORts: The ~ . "ereby' ñotIfIecI .hat a consumer report containing credit and/or personal Information may be referred to In
connectfon with this transaction.
AGENCY'I It is understood lhat lhe brokers involved in the transadion represenl the parties as sel out in the Confirmation of Representation below.
AGREEMENT IN WlmNG: If there is conOid between any provision added to this Agreement (indudins any Schedule allacl-.eð hereto) and any provision
in lhe standard pre-sel portion hereof, the added provision shall supersedelhe standard pre-set provision to lhe extent of such conflid or discrepancy. This !tgreement
including any SChedule auaåIed hereto, shall constitute the entire Agreement between BUyer and Seller. There is no representation, warranty, collateral agreement or
condition, which affects .his Agreement other than as expressed herein. For the purposes of this Agreement, Seller means vendor and Buyer means purchaser. This
AAreemenf shall be read with all changes of gender or number required by the conlexl.
SOCCESSORS AND ASSIGNS: The ¡;e¡rs. executors, administrators, successors and assigns of the undersigned are bound by the terms herein. .
13.
14.
15.
16.
17.
18.
19.
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25.
26.
¡w-;;.;o.;,U mm___nnu___nnu .nn.___.u. u. ~n.---u---...u-----.--.------
- - -- - --- - -- ~
-------------------------
~·~t~~:.~·2r~~z
. DATE
¡w;.;,;.;f..--.u.u....u.u.u.u.u.u.u.u......,I'õ'ï,;¡.....n.u....n....n.u........u.u.u........ _ .u.n.u.n.m.......n.n
SPOUSAL CONSENt: The Undersigned Spouse of the sJ.er hereby consents to the disposition evidenced herein pursuant 10 the provisions of the Family Law Ad,
R.5.0. 1990, and hereby agrees with the Buyer that he/she will execuIe all necessary or incidental cIocumenls to give full force and effect to the sole evidenced herein.
I, the Undersisned Seller, agree to the above Offer. I hereby irrevocably instrud my lawyer to poy directly 10 the üsling Broker the unpaid balance of the commission
together with applicable Goods and Services Tax (and any other to.. as may hereafter 1:1, applicable), from the proceeds of the sale prior to any payment to the
undersigned on completion, as advised by the Usting Broker to my lawyer.
DATED at.. u.... U' u. u. U .1(]!I.~.l'!!i!1.~. Ç)!l~1I.~9... u. U ___. u. u... .tms.. u. .':<.111 J/J. U'..' .doy 01. u. u.
:F~~'·····INJr~;q;~~jñe
¡w.;,;,;,' --. --. --...... --.... --. --. u. --' u···· u... ~p.;~' u. u. u. u. u. u....... u. U
................ . DATE...c........................
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CONFIRMAtION OF EXECUTIONs Notwithstanding onyIhing contained ~in to the contrary, I'confirm this Agreement with all changes both typed and written WQS finally execuIed by
all parties at_________ __ a.m./ p.m. Ihis____________dayof______ ______ ___ ______ ___ ___, _ ___ ___ _.
(y.arj - ---------------¡S¡g~õiš..fõi~- ------ ------- ---
CONFIRMATION OF REPRESENTATION
I hereby acknowledge and confirm the Listing Broker represents the interests of the I hereby acknowledge and confirm the Co-operating Broker represents the interests
in this transadion.
oftne
--"{Sellêi/Bùieì'r-
-----------
in this tronsadion
.
Sfgñõiürê õ(Cô-ôP8ia1ing 8roKW or a~.-crrèPieMntatr..- --
-------------
Nan... ofCo-opera!ing BroIœr:
-------------------------------------------------
I 519 I 396-5522
Tti.NO: - ------ --- --- -~- ~-----
( 519 396-2337
~·-·¡:ÃX~:----·------------------------
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--~---------
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- -- ¡:ÃXNõ:~·
- -- - -- ---~ - - - - - - - - - - -- - ---
ACKNOWLEDGEMENT
I acknowledge receipt of my signed copy of ,his accepted Agreement of Purchase end
Sale and I authorize the Agent to forward a copy to my lawyer.
DATE
îsêÎtÔ~ u..... MiiñiCiP-ãlliY 'õ{ KiiiCãia¡ñe'
---------------------
I acknowtedge receipt of my signed copy of lhis accepted Agreement of Purchase and
Sale and I authorize the Agent to forward a copy to my lawyer.
DATE
~. .n.n.... ...n. n. "Jiml.ØG,añ'f
------------------------.
DATI;
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(8~if---------------------
Address for SeMce:
DATE
¡w;.j'" U' u......... u....... u. u...._
Add.... for -'n ___ n __ __ ___ u __.
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.-.-----------------------------------
ToI.No.lm.nl.___nmh___.m
--------------------------------------.
ToI.No. lu m.l.. u m __. m.
SoII....lowyer n___nnnmn
-------------------------------
Buyen: lawyer
----------------------------------------------------
Address
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Addr...
- - - - ~- - - - - -- - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --
nm.Jmm.
Tel. No.
.Ln.n!
FAX No.
-------------~--+--
(.m__1.mmmmm.u__.
ToI.No.
( ___I.
FAX No.
----------------------
=
fOIl. OffICE USE ONLY
COMMISSION TRUST AGRIIIMINT
To: Co-operating Broker shown on the foregoing Agreement of Purchase and Sale:
In consideration for the Co-Operating Broker procuring t"e foregoing Agreement of Purchase and Sale, I hereby declare that all moneys received or receiYable by me in connection
wit,,!he Transaction as contemplated in the MLS Rules and Regutations of my Real Estate Board shall be receivable ond held in trust. This agreemenl shalf constituIe a Commission
Trusl Agreement CJI defined in the MLS Rul_ and shall be subieclto and governed by the MlS RuI_ pertaining 10 Commission Trusl.
DATED as of the date and time of the acceptance of the Ioregoing Agreement of Purchase and Sale.
. naNntolUsfi BroIœrorauthorizedre
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..
SCHEDULE "AA TO THE
AGREEMENT OF PURCHASE AND SALE
(FOR USE IN THE PROVINCE OF ONTARIO)
SCBlIDULK "A" TO BY-LAW NO. 2002 -
IB
REA"or
Page 2 of 2
This Schedule is attached to and Ionns part oflhe Agreement of Purdla.. and Sale between:
~._._______........uu.u__.....____._______.____......___.______u___u_........~!m.!,~_r.inc:t__m_.._....__._.. _..__.___.________ __
SELLEII. ......mum_...... ......__.._.u.... .u.. ....._._....u~!!n.i<:i~nlY..ºtlqnCélr;limLumuum
.. ..n.....'......' and
.. ........-.....
forth. purchase and sale of.
.1( _~I~~!!1~~!,Ti\fE ctÇ>nL()"~r!º_____ .
n..n...¡....._n___..........n_._ ... ........n.n_.........·....._ _.nn___h.__.....___._.. ..____n___ ..._." ....n....__...______. ... _n____n """"n"
..__..._._.____n__nn
this Offer is conditional upon the approval of the tenns hereof by the Town Council representing the Municipality of Kincardine.
Un_the seller gives notice in writing delivered to the Buyer not later than 4:00 p.m. on the 9th day of May, 2002, that this
condition is fulfilled, this Offer shall be null and VOid and the deposit shan be retumed to the Buyer in full without deduction. This
condition is Included for the beneI'It of the SeIer and may be waived at the Seller's sole option by notice in writing to the Buyer
within the time period stated herein.
...:
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.
~Ju- :_~iS.~ mun œ inmalled ~ all parnes ~ the A9--t of ~~.. and Sale.) {Z
_ u m" .UU. .......... . ..._ K3¿...m...........
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OBA¡Slandard fonn. Do _ alter when printing or I.p..dudng the standard pre-eet portion.
... FOØMSAID81 WIll
Farm No. '01.
01/01
-'
~
00.....
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.......a-
Ontario Real Estate Association
CONFIRMATION OF CO-OPERATION AND REPRESENTATION
[B
REALTOII'
BIIYIR.n.n..... ...... n.n..h..n.n....n.n.....n.n.n.......~.i!!l.!_,I!~!'II~n. ... n. ...
--------------------------------.-..-------------
SELLER:"n. n............ n............ n. n........ n....... .~!'!l.i~~I~y. ~f. !9M~~!~e.... n........... n.............. n. n. n"
-._---------
F"""nsactian on the Properly known os:n.n~9..E;!~II~.~.~.~!'!'!i~~!~Y.( f.!9.~~~in!l.(f( IJ)'!I!'r1.Y.T.iy~rt.!1~),.º1?!'.I)I.Y.ºf.~.~çe.3..u
1.' Iollowing inlormation is confirmed by the undersigned Listing Brolœr, and Co-aperofÎng Brolœr (ff opplicoble). ff a Co-aperating Brolœr is invalwd in the
trqnsaction, the brokers agree to co-operate, in consideration of, and on the terms and conditions as set out below.
a) D The listing Broker represents the interests of the Seller in this transaction and is provM:ling customer service to the Buyer.
~
bl
c)
o
.
d)
o
01
o
DUAL AGENCY: The Listing Brolœr bas entered into a Buyer Agency Agreement with the Buyer and represents the interests 01 the Soller
and the Buyer, with their consent, as a Dual Agent in negotiating the terms of this transaction. The Usti~ Broker must be impartial and
equally proted the interests 01 the Soller and the Buyer in this transaction. The Listing Brolœr bas a duty of full disclosure to bath the Soller
and the Buyer, including a requirement to disclose a' factual inlormation about the properly known to the Listing Brolœr.
However, the Listing Broker shall not disclose:
That the Sel.r mayor will accept less than the listed price, unless otherwise instructed in writing by the Seller;
That the Buyer moy or will accept less than the oIIered prioe, unless otherwise instructed in writing by the Buyer;
The motivation of or personal inlormatia" about the Soller or BUYI'r, unless otherwise instrocted i~ writing by the porly to which the
information applies, or unless failure to disclote would constitute-fraudulent, unlawful or unethical procüée;
The price the Buyer should oller or the the Seller sbauld accept;
And; the Listing Brolœr shaH not disclose to the Buyer the terms of any other offer.
However, it is undemood that factual market information about comparabkt .properties and inforrncmon known to the listing
Brolœr concerning potential USOIIlor the proper1y will be disclosed to both Soller and Buyer to assist them fa come to their awn
conclusions.
The Co..operating Broker is a Buyer Broker representing the interests of the Buyer in this transadion. The Co-operating Broker WOMts any
offer of sub-agency with the listing Brolcer and/or Seller, and is providing cuslomer seMce to the Seller. tt is fur1her understood and agreed
that the Listing Brolœr will pay the Co-aperating Brolœ,
o The commission os indicated in the MLS information for the property
or, if not an MLS listing,
o a commission of.uuh_h._.u_.___uuuuuuu_u_uuu_u_
plus applicoble Goads and Sorvices Tax, from the amount paid by the Soller to the Listing Brolœr, on any trode wherein the Co-operating
Brolœr has obtained an accepted AG....ment of Purchase and Sale, option to Purchase or Agreement to Exchange and/or lease. Said
payment 01 commission will not ....Iio the Co-apeltlling Brolœr oitl:er the agent or sub-agent 01 the Soller or the Listing Brolœr.
The Co..operating Broker is a Buyer Broker representing the interests of the Buyer in this transaction. The Co-oparating Broker waives any
offer of sub-agency with the Usti~ Srolcsr and/or Seller, and is providing customer service to the Seller. It is further undenstood and agreed
that the Co-aperating Brolœ, will be receiving payment dirKlty from the buyer in this transaction
The Co.operating Brolœr accepts the oller of sub-agency from the Soller o~~.::r brolœr and represents the interests 01 the Soller in
this transaction while oIIering the Buyer customer service. II is further u and agreed that the Listing Brolœr wnl pay the
Co--operoting Bro.r
o The commission as indicated in the MlS information for the properly
or, if not an MLS listing,
l8J a commission of___u_u_u_____________________________________
plus applicable Goods and Services Tax, from the amount paid by the Seller to the Listing Broker, on any trade wherein the Co-operating
Brolœr has obtained an accepted Agreement of PurdDse and Sale, option to Purchase or Agreement to Exchange and/or lease.
2. Addtional comments and/or disclosures by Listing Brolœr ,See explanation on back of farm):
______44..________________________________________________________________________________________________________________________..............4_44
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_ _. _ _ __. _._.._ _ _ _ __ _ __ _ 0_ _ O. _ 0_. _. _ _..... _ __ _..... ___.._ _ __..4.._'._ _ _ __.. _ _._ 0_ _ _ _____. _~ _ __ _ __ _ __ _ __... _ _ _ _ _._. _. __. _ _ ___4 _ _. _ __ _4 __ _ __ _ ___ _. _ ____
3.........1 comments and/or disclosures by Co-aperuling Brolœr (See explanation an back of farm):
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.----..-.-------------------------------------------.--.--.-----------------------------------------------------------------------------------------
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For the purpç:tS8S of this Confirmation of Co-operution and Representation, a "Seller" includes a vendor, a landlord, or a prospective vendor or landlord and a
"8urW' indUdes a purchaser, a tenant, or a prospective pun:ha8er or tenant.
COMMfSSIQN TRUST AGREEMENT: H the abow inbmalion indicates lhat CI œ-operafing Broker will receive commission other than diredfy from the ~, then lhe agreement
bel~ u.Mg Broker and Co~alil'!Ø BraIc. turther includes a Commwton frwt Aøreement, the consideralion for which it the Co.-operaIing Brcbr procuring an oR.. lor
a IraII. of the pr~, occepIabt. '0 'M SlIer. Ttå Commiaion TIWf Agreement :shalf be .ubjed to and ~ b,. the MI.S ruI. ana regulotÎOnl pertaining ta commÍDion
hUlla of ... Listing Braker'. local real "'ale board, if ,he local board't: MI.S rule. arG ~= so providti. Otherwise, ,he provÎJiont of the aREA recomm.nded MlS rules
and ,........ .haII .øtv to lhis Commiaion Truat Ag,.....". For the puI'pOM of..... . ion Trust ~'Mmenl, lhe Con;miaion Truat Amount ,hall be lhe amount noted
in ~ 1 c) or.) ábõve. The Listing 8robr hereby cfedar. that 011 monies rtIeIIMd or receiYabIe in connection with ,he lrode shall cond~ufe a Commission Trwt and ,hall be h.Id
in ,,..,, for.. CO-operaIing Broker under.he terms of.he Dflpricobla MI.S rules and regutalm. '
jN;;';';; ~i C;,:.;p;.~;.g B;.;,¡.;,;.¡····· n. n..... --....... n. n. n. ---...
........... ..R( Y!lJ. ~~P.IIII.~ .~ç!I.I!!lR~. R~~I!Y. ~9:....... ......
(Name 01 Listing Brolœr)
Date:
(Ädd~~~p.;;.;ti;,g'IÏ;';~;) ...n..n ... ...... ... .n·u.__.n.n.
~.;.;.¡ '';';i';';';j¡ .;¡ ë';:';p;.~;,g' B;';¡';';)"
---------------.--.--
h.DoIo:.. ~prtl.?,E!, gO!!.?.
.CISig.~B.uye'. .~__ and UndeJim. .L--e~G.~ra---nd°~~~:=;~J.?9.QL -? Alii 11:( (J
¡¡g~j ., -J~~..~"iîCiidiiîe.Date:nn ...... h___nn
Date:
Dolo:
'Signalv... of Buye~
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--.-----------------.
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tSiš~'';¡ 5;,h;)·....·..· n. n. --- n.__
GIlA II......... Fonm Do not a..... wh... prIn.... or .........udng tho ............ -"'" pal1lon.
"~"IIIIII
Fonw .... 132 01/01
Royal LePage Exchange Realty Co.
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