Common Contracts
1 similar Residential Real Estate Purchase Contract contracts
THE STANDARD ALBERTA REAL ESTATE ASSOCIATION RESIDENTIAL REAL ESTATE PURCHASE CONTRACTResidential Real Estate Purchase Contract • May 9th, 2007
A good understanding of the standard Alberta Real Estate Association ("AREA") purchase contract is essential to any meaningful discussion of the "nuts and bolts of conveyancing" practice in this province. As the standard forms are not static but continue to evolve to reflect new laws, technologies and changes in practice, it is also essential for a real estate practitioner to be aware of recent amendments to the standard forms and the rationale for same. Recently AREA has adopted a practice of only introducing changes to standard forms once per calendar year. All AREA forms have a month and year designation on the bottom left hand corner. The current forms attached to this paper have a January, 2007 date, being the date on which the latest changes were implemented.
