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For Sale by Tender

$0.00

  • $0.00
  • Brandon

FOR SALE BY TENDER

 

Located in the Rural Municipality of Oakland-Wawanesa

Sealed, written tenders for the property will be received by:

MEIGHEN HADDAD LLP, 110-11th Street, Brandon, MB R7A 4J4 Attention: Karla L. Dane

 

Property:

                                              

 

           W 1/2 17-7-18 WPM

EXC AN UNDIVIDED 1/2 INTEREST IN ALL MINES AND MINERALS

AS SET FORTH IN TRANSFER NO. R14734.    

 

           (Title 1450761/2)

 

           includes 3 grain bins located on the property

 

Conditions of Tender:

1.    Tenders must be received on or before 4:00 p.m. on July 27, 2022, in an envelope marked ?TENDER?.

2.    All persons submitting a tender shall rely on their personal knowledge and inspection of the property. The land is tendered on an ?as is? basis. The Vendor makes no representation or warranty with regard to the condition, suitable use, size, number of cultivated acres or zoning for any of the land.

3.     The highest or any tender not necessarily accepted.

4.    Each tender must be accompanied by a $10,000.00 deposit cheque payable to Meighen Haddad LLP. The deposit will be forfeited to the Vendor if the tender is accepted and the Purchaser does not complete the purchase. All unsuccessful bidders shall have their tender cheques returned following the close of tenders.

Terms and Conditions of Sale

5.    The bidder whose tender is accepted will be required to complete an agreement covering terms and conditions of sale in the Vendor?s standard form. It shall be a specific term of the Offer and shall survive closing, that the current tenant of the land shall have until May 1, 2023 to remove any remaining grain from the bins. The land is leased for the 2022 crop year.

6.  In addition to the deposit, the balance of the accepted tender is due and payable on the date of closing which shall be November 1, 2022 (or sooner by Agreement) or evidence provided that the purchase funds will be available under conditions acceptable to the Vendor. If the balance of the accepted tender is not paid within the set time limit the deposit paid will be forfeited as liquidated damages and not as a penalty.

7.   Possession is not authorized until acceptable arrangements for full payment are made following acceptance of tender.

8.  The Vendor shall be responsible for the 2022 property taxes in their entirety and the Purchaser shall be responsible for the taxes commencing January 1, 2023. All other taxes including GST and Land Transfer Tax (if applicable) shall be the responsibility of the Purchaser. Each of the Vendor and Purchaser shall be responsible for their own legal fees to complete the sale.

 

For further information, contact Ted Eastley (204) 801-6143 


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ABOUT SELLER

 MEIGHEN HADDAD LLP

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Posted Wednesday, June 22, 10:07 AM
Expires in 318 days (Thursday, June 22, 2023)


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