Disclaimer
The information provided here is for general illustrative purposes related to intermediary agreements involving property rentals with an option to purchase in Alberta. It is not legal advice and should not replace consultation with a qualified real estate attorney familiar with local laws. Regulations may differ across jurisdictions, and adjustments might be necessary for compliance. The use of this example is at the user’s own risk, and no liability is assumed for errors, omissions, or outcomes resulting from its application without professional legal review.
Please note: This is a sample Rent To Own Agreement template for Alberta, Canada, provided for informational purposes only. Actual terms may vary based on specific arrangements and applicable laws.
Rent To Own Agreement – Alberta, CA Sample
Parties Involved:
Landlord: ABC Properties Ltd.
Address: 123 Maple Avenue, Calgary, AB T2P 2Z4
Tenant: John Doe
Address: 456 Elm Street, Calgary, AB T2N 3Z9
Property Description:
The property subject to this agreement is located at 789 Sunshine Road, Calgary, AB T2H 1K1, or another designated address as specified herein.
Rent and Purchase Terms:
The tenant shall pay a monthly rent of $1,500. with an option to purchase the property at a future date, with agreed purchase price and terms outlined herein.
Landlord Responsibilities:
The landlord agrees to maintain the property in habitable condition and allow the tenant to perform inspections and repairs as necessary, in accordance with Alberta tenancy laws.
Governing Law:
This agreement shall be governed by the laws of the Province of Alberta. Disputes shall be resolved within the courts of Calgary, Alberta.
Additional Provisions:
- The tenant agrees to keep the property in good condition and notify the landlord of any damages.
- This agreement can be amended only in writing signed by both parties.
- Monthly rent payments shall be made on or before the 1st of each month.
Calgary, ______________________
ABC Properties Ltd. (Landlord)
John Doe (Tenant)