Real Estate Legal Fees
Sale 3
- Review of Agreement of Purchase & Sale
- Preparation of closing documents
- Payout and Discharge of one mortgage
- Remote signing available
- Access to your lawyer by phone and email
Purchase 3
- Review of Agreement of Purchase & Sale
- Review of title search and mortgage instructions
- Preparation of closing documents
- Remote signing available
- Registration of one mortgage
- Access to your lawyer by phone and email
Refinance 3
- Review of mortgage instructions
- Preparation of mortgage documents
- Payout, and registration, of one mortgage
- Remote signing available
- Access to your lawyer by phone and email
1 FIXED DISBURSEMENTS ON RESIDENTIAL REAL ESTATE TRANSACTIONS:
- $450 for purchase and refinancing transactions.
- $350 for sale transactions.
These fees include title search costs, execution certificates, transaction-specific banking costs, courier costs, postage, fax, photocopy costs, and the Law Society Transaction Levy applicable to sales.
2 THE FOLLOWING ARE AMOUNTS NOT INCLUDED IN THE ADVERTISED FEES:
H.S.T. (13%), Land Transfer Tax and Non-Resident Speculation Tax (dependant on transaction particulars), Government Document Registration Fees ($78.79 per registered document), Municipal Tax Certificates and Building Reports, Title Insurance Premiums (dependant on transaction particulars), and Condominium Status Certificate (dependant on property particulars).
3 ADVERTISED FEES ARE FOR TYPICAL RESALE RESIDENTIAL REAL ESTATE TRANSACTIONS.
A typical resale residential real estate transaction has a transactional value of $1,000,000 or less and is completed in accordance with the following:
Purchase and Sales: pursuant to a standard OREA form agreement of purchase and sale without any title deficiencies, delays in funding, extensions of the closing date, unexpected encumbrances requiring discharge, writs/executions requiring payout, disputes as to payment of funds, significant legal issues or disputes between the buyer and seller, and legal actions/proceedings of any kind.
Refinances: pursuant to an institutional “A” lender’s mortgage instructions without any title deficiencies, delays in funding, extensions of the closing date, unexpected encumbrances requiring discharge, writs/executions requiring payout, disputes as to payment of funds, significant legal issues or disputes between the buyer and seller, and legal actions/proceedings of any kind.
Additional charges may apply for investment properties, commercial properties, new builds, interim closings, bridge loans, or any other work outside the scope of a typical resale residential real estate transaction.
Contact us for an all-inclusive quote.
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Amiri LLP
Toronto Office:
18B-3200 Dufferin Street
Suite 415
Toronto, ON
M6A 0A1
Email: [email protected]
Tel: 1-800-874-2405
Fax: 1-888-804-5432
Amiri LLP
Kitchener Office:
23-500 Fairway Road South
Suite 130
Kitchener, ON
N2C 1X3
Email: [email protected]
Tel: 1-800-874-2405
Fax: 1-888-804-5432