Step one: Site selection
Discuss your proposed development with Business Park staff to determine the best location for your business.
Step two: Initial deposit
Upon receipt of a deposit in the amount of 10% of the current list price, the lot will be reserved for the Purchaser for a period of 45 days in which to enter into an Agreement of Purchase and Sale with the Municipality.
Both the proposed use and proposed site development are subject to approval from HRM Corporate Real Estate Staff at its sole discretion of the proposed development’s suitability and conformity with surrounding uses, or intended uses, and the building and site development standards and will also be subject to restrictive covenants to be registered against title.
The Municipality reserves the right, at its sole discretion, to approve or reject any offer, or to modify the terms of the approval of any offer.
Step three: Agreement of purchase and sale
The Municipality will reserve the lot under deposit for 45 days from the receipt of the 10% deposit.
If the Purchaser and the Municipality cannot agree upon an Agreement of Purchase and Sale within the aforementioned time frame and a mutually acceptable extension cannot be agreed upon, the Municipality will return the 10% deposit without interest and at no further obligation to the Purchaser and at no penalty to the Municipality.
Step four: Closing
The Closing Date, and extension thereof, shall be further established in the Agreement of Purchase and Sale to be agreed upon by the Municipality and the Purchaser. The Agreement shall remain subject to final acceptance of the Purchaser’s Site Development Proposal by the Municipality.
Should you have further questions, contact a member of the Business Parks team.
All sample agreements and related documents are in [PDF].
- Flow Chart of Steps for Purchasing a Business Park Lot
- Sample Agreement of Purchase and Sale
- Sample Buy Back Agreement
- Sample Buy Back Agreement for City of Lakes
- Site Development and Building Standards:
Site Development Proposal
Statements contained herein are based upon information Halifax Regional Municipality deems reliable, but for which Halifax Regional Municipality assumes no responsibility and no warranties are made or implied. This information is provided subject to errors, omissions, changes, prior sale/lease or withdrawal from the market without notice.
The Municipality reserves the right to review and present any and all offers to Halifax Regional Council. The Municipality reserves the right at its sole discretion to approve or reject any offer; or modify the terms of the approval of any offer if it is deemed to be in the Municipality's best overall interest.