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SCHEDULE Tenancy and Vacant Possession/Closing Date The Purchaser acknowledges that the property is subject to an existing tenancy agreement. The Vendor agrees to have the requisite notice in accordance

How to fill out schedule b vacant possession

How to fill out schedule b vacant possession

1. To fill out Schedule B Vacant Possession, follow these steps:
2. Start by providing the property address and legal description.
3. Specify the date of possession transfer.
4. Determine if there are any claims, liens, or encumbrances on the property.
5. If there are claims or encumbrances, detail them and state if they will be cleared prior to possession transfer.
6. Indicate any existing tenancies or leases on the property.
7. Enumerate any fixtures and chattels that will be included or excluded from the sale.
8. Specify any conditions or terms related to the vacant possession.
9. Sign and date the Schedule B Vacant Possession form.
10. Make sure to attach the schedule to the Agreement of Purchase and Sale document.

Who needs schedule b vacant possession?

1. Schedule B Vacant Possession is needed by real estate agents, lawyers, and individuals involved in property transactions.
2. It is used to document and clarify the terms of transferring possession of a property from the seller to the buyer.

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What is schedule b vacant possession?

Schedule B vacant possession is a section of a property purchase agreement that states the buyer will obtain possession of the property free of any tenants or occupants.

Who is required to file schedule b vacant possession?

The buyer and seller are both required to agree on and file Schedule B vacant possession as part of the property purchase agreement.

How to fill out schedule b vacant possession?

To fill out Schedule B vacant possession, the buyer and seller must agree on the date when the property will be vacant and ensure that there are no tenants or occupants remaining on the premises at that time.

What is the purpose of schedule b vacant possession?

The purpose of Schedule B vacant possession is to ensure that the buyer can take possession of the property without any tenants or occupants remaining, allowing for a smooth transition.

What information must be reported on schedule b vacant possession?

The information reported on Schedule B vacant possession includes the agreed-upon date of vacancy and any conditions related to the possession of the property.