Conditions are clauses that must be met or waived before a sale becomes firm. In British Columbia they're often called subjects.
Common Conditions
- Financing
- Home inspection
- Review of condo or strata documents
- Sale of the buyer's current home
How They Protect Both Sides
Conditions give the buyer time to confirm they can go ahead: that the mortgage is approved, the inspection is clean and the documents are in order. Each condition has a deadline, so the seller knows when they'll have an answer.
When the Deadline Arrives
- The condition is met. The buyer signs a waiver or notice of fulfilment, and once every condition is cleared the sale is firm.
- The condition isn't met. If the buyer doesn't waive or fulfil it by the deadline, the contract usually ends. The buyer owes no penalty, unless they've breached the contract, and the deposit is returned.
If more time is needed, both sides can sign an amendment to move the date. See How do I extend condition dates on an offer?
Read our guide to managing offer conditions
Conditions on Bōde
Each condition in a Bōde offer has its own date in the contract. Waivers and amendments are signed electronically and kept with your contract in Closing Steps. See How do I remove conditions on an offer?
Ask Bōdie: Which conditions should I include in my offer on this home?