The Vendor Take Back Agreement Template – Canada is offered in multiple formats, including PDF, Word, and Google Docs. Each version is both customizable and ready for printing, ensuring it meets your requirements efficiently.
Vendor Take Back Agreement Template – Canada Editable – PrintableSample
1. Parties Involved 2. Property Description 3. Loan Amount 4. Interest Rate 5. Repayment Terms 6. Default Conditions 7. Closing Costs 8. Governing Law 9. Signatures and Acceptance
PDF
WORD
Examples
[Vendor’s Name]
[Vendor’s Address]
[Vendor’s Phone Number]
[Vendor’s Email]
[Buyer’s Name]
[Buyer’s Address]
[Buyer’s Phone Number]
[Buyer’s Email]
This Vendor Take Back Agreement (“Agreement”) is made between [Vendor’s Name] and [Buyer’s Name] regarding the sale of the property located at [Property Address], effective as of [Effective Date].
The Vendor agrees to provide financing to the Buyer in the amount of [Loan Amount] for the purchase of the property.
The financing will be secured at an interest rate of [Interest Rate]% per annum, payable on [Payment Schedule].
The Buyer agrees to make monthly payments of [Amount] beginning on [First Payment Date] until the principal and interest are paid in full.
In the event of default, the Vendor retains the right to reclaim the property through foreclosure actions, subject to applicable laws in Canada.
This Agreement shall be governed by and construed in accordance with the laws of [Province/Territory], Canada.
[Vendor’s Signature]
[Vendor’s Name]
[Buyer’s Signature]
[Buyer’s Name]
[Vendor’s Name]
[Vendor’s Address]
[Vendor’s Phone Number]
[Vendor’s Email]
[Buyer’s Name]
[Buyer’s Address]
[Buyer’s Phone Number]
[Buyer’s Email]
This Agreement outlines the terms and conditions under which the Vendor offers to finance the Buyer for the purchase of the property situated at [Property Address].
The total purchase price of the property is [Total Purchase Price]. The Vendor agrees to take back a second mortgage to facilitate the transaction.
The Vendor will hold a security interest in the property until the loan is paid in full, ensuring the Buyer adheres to payment terms.
The Buyer must maintain adequate insurance coverage on the property and provide proof to the Vendor annually.
The Buyer may prepay the loan in whole or in part without penalty, provided written notice is given to the Vendor at least [Notice Period] in advance.
This Agreement shall be governed by the laws of [Province/Territory] and the federal laws of Canada applicable therein.
[Vendor’s Signature]
[Vendor’s Name]
[Buyer’s Signature]
[Buyer’s Name]
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