The Online Timed Auction is now ongoing and will conclude with a “soft close” at 5:00 PM MDT on Tuesday, June 30th , 2020.

In the event a bid is received within 3 minutes of the closing time an additional 3 minutes will be added to the sale time and will continue as such until a three-minute interval has been reached without any bidding taking place.

The Auction will be conducted pursuant to the following terms:

1.The Online Auction will be accessed on the Internet using the platform of www.liveauctionworld.com via HansenLand.ca.

2.All bidders will be required to pre-register and be approved prior to or during the auction to participate in the auction sale and the registration will include confirmation of a valid credit card as well as the collection of Purchaser’s Bank and Banker contact information.

3.The Title(s) shall be free and clear of all financial encumbrances except those implied by law including easements, utility rights-of-way, restrictive covenants and conditions that are normally found registered against property of this nature.

4.A Buyer’s Premium of 10% will be added to the final bid and will constitute a portion of the selling price.

5.The 5% GST will be added to the final purchase price and will be calculated into 2 categories: the portion of the selling price that excludes the Buyer’s Premium and the portion that constitutes the Buyer’s Premium.

6.The successful bidder will be required to complete an unconditional Offer to Purchase Contract within 48 hours of the conclusion of the Auction.

7.The Offer is to be accompanied by a 10% Deposit in form of a Bank Draft. Both Offer and Deposit are to be received within 48 hours of the conclusion of the Auction. All Deposits will be held in accordance with the terms of the signed Purchase Contract. All Deposits must be held in Trust according to the Real Estate Act of Alberta. The Deposit(s) will be non-refundable.

8. a) Completion Day on the deeded portion of the lands will be 30 days following acceptance of Purchase Contract, unless otherwise suggested by the Vendor’s lawyer. Completion and closing of the real estate transaction will be handled by the Vendor’s lawyer. The Purchaser will be required to retain the services of a lawyer to complete the transaction, to ensure the purchase is executed by the closing date (“Completion Day”) The Purchaser and the Vendor shall be responsible for their own legal fees.
b) A $50,000 hold-back will be held in trust with the Vendors lawyer until such time the grazing leases have been transferred into the purchasing entities name(s). (The Bidders and final Purchaser are made aware and understand that the transfer of grazing leases in the Province of Alberta can take up to and sometimes more than 12 months to be approved.)

9. All Bidders and the final Purchaser hereby acknowledge that they understand that holders of grazing leases in the Province of Alberta are required to graze “their own” livestock on the lands and are not allowed to rent or sub-lease the lands to a third party. Refer to https://www.alberta.ca/land-management-contacts.aspx for more details.

10.The Purchaser shall accept the Property “AS IS”, “WHERE IS”, and “WITH ALL FAULTS” as of the closing date and the Purchaser specifically agrees that neither the Seller nor Hansen Land Brokers Inc. (The Brokerage) or Live Auction World make any representations or warranties of any kind whatsoever, expressed or implied, to the Purchaser as to the value, condition or fitness of the Property, environmental or otherwise, or any part thereof or improvements thereon. All descriptions, measurements and acreage provided by the Vendor and the Brokerage are to be used as a guide only. The Purchaser acknowledges and agrees that it is the Purchaser’s sole responsibility to make such legal, factual and other inquiries, inspections and investigations as Purchaser considers necessary prior to bidding on the Property, and Purchaser will warrant and represent that he shall have satisfied himself as to the location and condition of the Property, and all descriptions with respect thereto, prior to bidding, and that he has had the opportunity to do so.

11.Hansen Land Brokers Inc. may, in the event of any dispute between bidders, determine the successful bidder or re-offer the subject Property for auction. Should there be any dispute after the Auction, The Live Auction World’s record of the High Bid, and the Purchase Price shall be conclusive to resolve the dispute. Hansen Auctions reserves the right to cancel, postpone or withdraw the Property(s) up to the start of the auction.

12.The Seller reserves the right to sell the property(s) in any manner it so desires before or up to the start of the auction. The Buyer’s Premium will still apply to any sales affected after the Auction as per the Exclusive Seller Representation Agreement.

13.The respective rights and obligations of the parties with respect to these Terms and Conditions and the conduct of the Auction shall be governed, enforced and interpreted by the laws of the Province of Alberta, without regard for conflicts of law principles.

14. Bidders must satisfy themselves as to the exact current acres, property lines and fence locations, building sizes, taxes and assessments, zoning and permitted uses surface lease revenue details. The information provided is a guide only.

15. The Purchaser will be responsible for any and all fees associated with the transfer of the leases from Seller to Purchaser.

16. Of the total and final purchase price, $25,000.00 will be allotted as value to the two grazing leases and the balance of the purchase price will be allotted to the deeded lands.

17. By registering for this auction sale with Hansen Land Brokers Inc., Hansen Auctions and liveauctionworld.com  you accept and agree to be legally bound by all of the terms and conditions as indicated above.

Note: Foreign citizens and foreign controlled corporations may own or beneficially own up to 2 parcels of controlled land not exceeding 20 acres in total. Canadian citizens and permanent residents (landed immigrants) aren't affected by the Regulations.   
See: https://www1.agric.gov.ab.ca/$department/deptdocs.nsf/all/ofa16521/$file/foreign.pdf?OpenElement


Disclosure; Hansen Auctions is a wholly owned subsidiary of Hansen Land Brokers Inc. which is a licensed real estate company in the Province of Alberta and a member of the Calgary Real Estate Board.