A purchaser will need to provide the following information to
his/her lawyer.
- Agreement of Purchase
and Sale - A copy of the agreement should be forwarded to
the lawyer.
- Name of the Mortgage
Lender (if applicable) - It is common on home purchases for
the purchaser's lawyer to perform certain legal services for the
mortgage lender. These services include giving the lender a legal
opinion on the title the purchaser will hold and ensuring the
lender will have a valid mortgage on the property according to the
mortgage agreement.
- Inspection
Report - A copy of any building inspection report that the
purchaser may have received if required as a condition of your
title insurance policy.
- Photo
Identification - Copies of two pieces of photo
identification (driver's licence, passport, etc.) will be required
for each purchaser.
- Date of Birth -
The lawyer requires the dates of birth of all purchasers.
- Address for
Service - The address that will be registered on the deed
for future contact. Usually this is the address of the property in
question, but may be a different address if the property is being
purchased as an investment property.
- Title - If
there is more than one purchaser, the purchasers need to instruct
the lawyer whether the title will be taken as joint title or
tenant-in-common.
- Property
Insurance - As a condition of the mortgage, the lender will
require that property insurance be in place on the closing date.
This requires the purchaser's insurance agent to send to the lawyer
a certificate of insurance or binder letter showing that the
insurance is in place and that the lender's interest is noted on
the property.
- Closing Funds -
On or before the date of closing, the purchaser will need to
provide the lawyer with sufficient funds to complete the purchase
by certified cheque, bank draft or money order. These funds include
the balance owing to the vendor as well as land transfer tax and
any other required adjustments such as property taxes or fuel oil.
The lawyer will contact the purchaser prior to closing to provide
the exact amount required.