The Warranties Section of the Purchase Contract Explained | Alberta Real Estate Q&A

Описание: The Warranties Section of the Purchase Contract Explained | Alberta Real Estate Q&A

In this Q&A session, Raman breaks down one of the most important sections of the Alberta Residential Purchase Contract — Warranties and Representations.
This section outlines what the seller is guaranteeing to the buyer, including:
🏡 Legal right to sell the property
📄 No outstanding liens or encumbrances on included goods
📍 Compliance with city bylaws and restrictive covenants
🌿 Proper permits for improvements and no material latent defects
We’ll also touch on special scenarios like non-resident sellers, leased equipment (like water heaters or solar panels), and how restrictive covenants can affect a transaction.
Whether you’re a future licensee preparing for your exams or already in practice, understanding this section is crucial for smooth transactions and protecting your clients.
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