Vendors and Purchasers Act

Bills that amended this Act0

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Sections8

• 1Rights of vendors and purchasers in contracts of sale of lands

  1 In the completion of a contract of sale of land, the rights and obligations of the vendor and the purchaser shall, subject to any stipulation to the contrary in the contract, be regulated by the following rules: Recitals, etc., 20 years old, of facts, etc., evidence 1. Recitals, statements and descriptions of facts, matters and parties contained in statutes, deeds, instruments or statutory declarations twenty years old at the date of the contract, unless and except in so far as they are proved to be inaccurate, are sufficient evidence of the truth of such facts, matters and descriptions. Memorials of discharged mortgages 2. A registered memorial of a discharged mortgage is sufficient evidence of the mortgage without the production of the mortgage, unless and except in so far as the memorial is proved to be inaccurate, and the vendor is not bound to produce the mortgage unless it is in …

• 1.
• 2Evidence in actions

  2 In an action it is not necessary to produce any evidence that by section 1 is dispensed with as between vendor and purchaser, and the evidence therein declared to be sufficient as between vendor and purchaser is sufficient in the absence of evidence to the contrary for the purposes of the action. R.S.O. 1990, c. V.2, s. 2; 1993, c. 27, Sched. Section Amendments with date in force (d/m/y) 1993, c. 27, Sched. - 31/12/1991

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• 3Applications to court as to requisitions, objections, compensation, etc.

  3 (1) A vendor or purchaser of real or leasehold estate or the vendor’s or purchaser’s representative may at any time and from time to time apply to the Superior Court of Justice in respect of any requisition or objection or any claim for compensation or any other question arising out of or connected with the contract, except a question affecting the existence or validity of the contract, and the court may make such order upon the application as may be considered just. R.S.O. 1990, c. V.2, s. 3 (1); 2006, c. 19, Sched. C, s. 1 (1). Appeal (2) An appeal lies to the Divisional Court from any order made under this section. R.S.O. 1990, c. V.2, s. 3 (2). Section Amendments with date in force (d/m/y) 2006, c. 19, Sched. C, s. 1 (1) - 22/06/2006

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• 4Terms of agreement of sale and purchase

  4 Every contract for the sale and purchase of land shall, unless otherwise stipulated, be deemed to provide that, (a) the vendor is not bound to produce any abstract of title, deed, copies of deeds or other evidence of title except such as are in the vendor’s possession or control; (b) the purchaser shall search the title at the purchaser’s own expense and shall make any objections thereto in writing within thirty days from the making of the contract; (c) the vendor has thirty days in which to remove any objection made to the title, but if the vendor is unable or unwilling to remove any objection that the purchaser is not willing to waive, the vendor may cancel the contract and return any deposit made but is not otherwise liable to the purchaser; (d) taxes, local improvement rates, insurance premiums, rents and interest, shall be adjusted as at the date of closing; (e) the conveyance sha…

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