General Terms of Lot Purchase
The purchase price for the land shall be comprised of the price for the land and the price for certain services. The purchase price shall be paid:
- By a non-refundable deposit of 10% of the purchase price on the signing of the agreement.
- By payment of the balance of the purchase price within 6 months from the date the 10% deposit is paid or upon transfer of title.
The purchaser of the land agrees to:
- Commence building construction on the land and complete it to the first floor joist stage, within 6 months from the date of the agreement.
- Pay the costs of registering a Transfer of Title and all other costs that are not specifically agreed to be paid by the City of Melfort within the agreement.
The purchaser agrees that if the Agreement is terminated, the purchase price shall be refunded to the purchaser less the down payment of $2,000 or 10% whichever is greater as consideration for non-compliance with terms of the agreement.
The Agreement for Sale of Land must be executed in the name of the purchaser. Upon the purchaser becoming entitled to the lot title, the City will transfer title to the lot in the name of the purchaser (s) prescribed in the agreement. The City will at no time accommodate any request to transfer the lot to any another person other than the purchaser(s) noted in the agreement.
An option to purchase agreement is only applicable to the lot noted in the agreement and cannot be transferred to any other lot after the date of agreement signing.
To place a hold on any residential, commercial or industrial lots, contact the City of Melfort for details.