Assignment 3 - Case Study

1. Provides a working link to a listing of a commercial or industrial property for sale in Canada.

Assuming myself as the principal and only purchaser I have selected the below property where Iam planning to build a Covid-19 testing lab site.

http://spotlight.century21.ca/bradford-real-estate/23-barrie-street

2. Identifies the location of the property and explains why and how this matters for the preparatory steps to be taken in a real estate transaction in Canada in relation to thetwo systems of land law found in Canada.

3. Identifies typical concerns for a purchaser having regard for the proposed change of use and any particularities of the property in question, and explains the precautions aprospective purchaser would take as a result, applying the effect of the location of the property where relevant.

4. Based on the facts given about the purchaser and their situation, identifies one special term to be put in the agreement for sale and explains its purpose and function.

5. Based on the facts given about the purchaser and their intentions, identifies another special term to be put in the agreement for sale and explains its purpose and function.

6. Explains what consequences the location of the property has for the process of transferring title at the conclusion of the transaction.

7. Lists and explains the appropriate steps to take in closing the sale.