Definition : Purchase - Declarations of the seller

A form signed by the seller that describes the condition and history of the fraction to be sold (for example, year of construction, renovations and work performed, etc.) and declares to the buyer the factors that may reduce the value of the property or affect its consent. This applies, in particular, to latent or apparent defects, such as water infiltration or insulation problems, defects in the ground, a violent death such as suicide or murder, cannabis planting, etc. The seller’s declaration is completed by an acknowledgement receipt to be signed by the buyer.

This form is optional when the co-owner sells his property by himself and mandatory if he uses the services of a real estate broker. In this regard, the Québec real estate brokerage self-regulating organisation (OACIQ) has developed a mandatory form entitled Declarations by the seller of the immovable Divided Co-ownership. It must be used to complete the mandatory form of the exclusive brokerage contract.

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