Acknowledgement Section of the Agreement of Purchase and Sale (Ontario)

Acknowledgement Section of the Agreement of Purchase and Sale (Ontario)

Question:

What is the purpose or reason behind having a client date and sign and then date again? Why the two dates?

Here’s what it says:

I acknowledge receipt of my signed copy of this accepted Agreement of Purchase and Sale and I authorize the Brokerage to forward a copy to my lawyer.

Answer:

This is simply to acknowledge receipt of a copy. There is an obligation placed upon the registrant to ensure that parties to a transaction have copies (s. 28 Code). So, this is intended to be evidence of compliance.

It also contains the authorization to deliver a copy to the party’s lawyer.