What is a standard offer to purchase contract in Saskatchewan?

This answer covers the law of Saskatchewan.

An offer to purchase is the written contract that sets out the price and terms on which a buyer will buy a property in Saskatchewan. Once the seller accepts and both sides sign, it can bind you, so it is worth understanding before you sign.

Many offers start from a standard template. In a standard Law Society offer-to-purchase template, each party pays their own lawyer, and the purchaser pays the Land Titles Registry fees to register the property in the purchaser's name and to register the purchaser's mortgage. Other details, such as the price, possession date and conditions, are agreed for each deal and written into the contract.

What becomes binding depends on the exact wording and on any conditions, such as financing or an inspection, that you and the seller agree to. Buying a condominium adds more. For a resale condominium unit, the buyer can request an estoppel certificate from the corporation. For a new condominium, the developer must give the buyer a copy or description of the purchase agreement, bylaws, management agreement and condominium plan, among other documents. Have a lawyer review the offer before you sign it.