Mandatory new-home purchase addenda renamed — vendors must use updated document titles

Plain-language summary · AI-assisted

The official names of the required addenda that new-home vendors must attach to purchase agreements have changed. The documents previously called "The Freehold Home Addendum," "The Condominium Home Addendum," and "The Limited Use Freehold Addendum" are now referred to as "Freehold Form," "Condominium Form," and "Limited Use Freehold Form" respectively (with the Limited Use variant also adding "POTL/CEC" to its subtitle). Vendors are still required to ensure buyers complete the correct form and that it forms part of the purchase agreement. If your purchase agreement templates or internal checklists reference the old document names, they should be updated to match the new titles as listed on the regulatory authority's website. No changes were made to the underlying obligations — only the document names have been updated.

Who this affects
new home vendors · home builders and developers · real estate lawyers and conveyancers · purchasers of new or pre-construction homes