Get Orea Form 500

Filling out the Orea Form 500 is an essential step in the real estate transaction process in Ontario. This comprehensive guide will help users navigate through the form seamlessly, ensuring that all necessary information is accurately captured for a smooth purchase and sale agreement.

Follow the steps to fill out the Orea Form 500 online with ease.

1. Press the ‘Get Form’ button to access the Orea Form 500, which will open the form in the online editor.
2. Begin by entering the date of the agreement at the top of the form, specifying the complete date details.
3. In the 'Buyer' section, provide the full legal names of all buyers involved in the transaction.
4. Proceed to the 'Seller' section, where the full legal names of all sellers must be entered.
5. Fill in the 'Real Property' section with the address, fronting details, and the legal description of the property as required.
6. Input the purchase price in the designated area, indicating the amount in Canadian dollars.
7. Detail the deposit information clearly, indicating the amount and the deposit holder's name along with the conditions for payment.
8. Complete the sections regarding chattels included, fixtures excluded, and rental items, ensuring all relevant information is captured.
9. Indicate the irrevocability details, including the applicable dates for the offer's acceptance.
10. Specify the completion date, noting the time by which the transaction should be finalized.
11. Fill out the notices section, designating the agents for both buyer and seller, along with their contact details.
12. Complete other specific sections such as GST applicability, title search, future use, and other relevant clauses as laid out in the agreement.
13. As the final step, ensure to review all filled details for accuracy, then save changes, download or print the document, or share it as necessary.

Make sure to complete your documents efficiently online.