An accepted promise binds the parties, subject to its written conditions. Each condition has its own deadline and completion requirements.
The main steps
Financing
The buyer must provide a compliant mortgage commitment within the agreed deadline. The lender may also request an appraisal.
Inspection
The inspection and any resulting notice must follow the deadlines and procedure written in the promise to purchase.
Documents
Required documents are delivered and reviewed, including the certificate of location, condominium records, leases or other agreed information.
Title and notary
The notary verifies title, charges and taxes and prepares the deed. The seller promptly supplies requested information.
Deed of sale
The parties sign on the agreed date. Property-tax, condominium-fee or rent adjustments are calculated for the file.
Occupancy and funds
Keys are transferred according to the occupancy date. Funds are generally released after the sale is registered in the Land Register.
What the seller must continue to do
- Maintain the property in the agreed condition
- Respond promptly to document requests
- Report an important change or damage
- Respect agreed inclusions, exclusions and work
- Plan the move around the occupancy date
- Keep insurance in effect until the appropriate transfer
If a condition raises a problem
An inspection, document or financing issue may lead to a request, renegotiation or application of a clause in the promise. The signed wording controls. Avoid informal arrangements and document every change in writing.
Sale and occupancy dates
Signing the deed and occupying the property do not necessarily happen on the same day. Once included in the accepted promise, these dates become specific commitments. Keys and access follow the agreement, not simply the signing time.
I track each condition, expected document and important date with you to reduce surprises before the notary.
Talk to VanessaGeneral information verified in August 2026. The signed promise to purchase remains the reference. Sources: OACIQ: Promise to purchase and OACIQ: Deed and occupancy.