| A | B |
|---|
| Closing Date | Date on which transaction is completed through exchange of money and transfer |
| Offer | Agreement of Purchase and Sale prior to acceptance |
| Vendor and Purchaser Application | Proceeding in an Ontario court to rule on a disputed requisition or other matter |
| Deposit | Money paid by purchaser to secure performance of contract |
| Chattels | Personal property, moveable and not affixed to the land |
| Fixtures | Items attached to real property (included in sale) |
| Vacant Possession | Promised under agreement to provide empty property (free of chattels, occupants) |
| Rental Items | Not included in sale because they are rented; purhcaser usually takes over rental contract |
| HST | Harmonized Sales Tax (GST + PST) |
