Since purchasing a home or condo is probably one of the biggest financial decisions we will ever make, it can be both an exciting and stressful process. You must sign a number of pertinent legal paperwork to transfer the property’s title after deciding to acquire a new house or sell your existing one. However, Juris Notary may customize our services to match your legal needs, regardless of whether you are an experienced real estate investor, a first-time home buyer, or purchasing a vacation house.
In order to complete a real estate transaction, we will require the following documents (not an exhaustive list):
- A copy of the Contract of Purchase and Sale
- Full legal names, occupations and contact information for all of the buyers involved
- Contact information for your realtor, lender, mortgage broker, and insurance agent (if applicable, contact information for the strata management company)
- If applicable, a surveyor’s certificate
- Your two pieces of identification, including a government-issued photo ID
Some of the steps involved include the following:
- To review the fully executed Contract of Purchase and Sale you or your realtor have provided to us;
- To search title to the property including common property of strata units;
- To discuss the charges and encumbrances on title, pull copies of the relevant charges and to review a copy of the Plan or Strata Plan as filed in the Land Title Office;
- To obtain and review property tax information for the property;
- To prepare your conveyance and mortgage documents as well as all ancillary documentation to complete the transaction;
- To meet with you to execute your documents;
- To tender documents to the seller’s legal representative on appropriate undertakings;
- To receive and disburse trust funds in accordance with the statement of adjustments;
- To attend to registration of the Form A Transfer, and Form B Mortgage and supporting documents at the appropriate Land Title Office;
- To provide your mortgage Lender with the documents to confirm they hold a valid financial charge on title.
- To ensure the seller’s mortgage is fully discharged and you hold a good and marketable title.
Identification Requirements
- As part of the law, we are required to confirm and keep a record of the identity of every individual on whose behalf we conduct a financial transaction. In order to comply with these obligations, we will review original identity documents and keep copies for a minimum of ten years. When you come in for your appointment, we will require that you bring in two pieces of valid government-issued identification. These include at least one piece of government issued picture identification such as your Provincial Driver’s License, Passport, or other government issued identification; such as a permanent resident card.
LET JURIS NOTARY HELP
Do you need to consult with someone about your legal matters or need to get any documents notarized? Get in touch with Juris Notary, and we’ll be happy to help you out or point you in the correct direction if need be.