Real Estate Sale

Important Documents & Information

STAGES

STEPS

DOCUMENTS & INFORMATION REQUIRED

Note: If you have already provided any of the following information then you do not need to send us again.

INFORMATION NEEDED

Full name, cell phone number, Email addresses, occupation, and business address of all parties on the title.
Spousal Status: e.g.married or single or separated or divorced. If married then the name of the spouse with copies of spouse I.D.s, if separated we need a copy of the Separation Agreement, and If divorced, then we need a copy of the Divorce Certificate and Divorce Order.
Residence Status: E.g., Canadian citizen or permanent resident or student or visitor
Please advise if all parties to the agreement will be physically present in Canada until the date of closing.
Please advise if the property is used, in whole or in part, for commercial use.
Please advise if any part of the property is tenanted.
Forwarding mail address.
Additional Notes for Lawyer.

DOCUMENTS NEEDED

All parties: two valid I.D.s, front and back scan copy (E.G. Driver’s License and Passport, NOT HEALTH CARD!).
Agreement of Sale & Purchase
Mortgage statement. Please ensure all relevant details are legible. Please note that a minimum of 2 business days of per diem interest will be added for any discharges (mortgage or otherwise).
(If Applicable) Articles of Incorporation, names of the Directors and their I.D.s.
Copy of Void Cheque.
Most recent property tax bill.

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OUR FEES STRUCTURE

Our Real Estate Lawyer Fee for selling a property is $900 + tax.

WHAT IS INCLUDED IN LEGAL FEES

One Mortgage Payout or Anyone payout;
Bank Charges, including two certifications of cheques;
Deposit into client’s account by way of the certified cheque;
Printing, Courier Charges;
Phone & Fax charges.
File Opening Charges;
One Appointment/ Mobile Signing;
After Office Hours Appointment;

WHAT IS NOT INCLUDED IN LEGAL FEES

Law Society Levy $65;
Per additional Payout $63 + Tax if required;
Mandatory Software Charge $171 + HST

WHEN TO PAY US

We collect our legal fees from your sale proceeds.

CLIENT RESPONSIBILITY

Payout statement. Provide copies of all payouts with complete details to the lawyer without delay. Please note that an automatic 2 business days of per diem interest will be applied to any payouts as of the date of closing.
Proof of Payment. Provide proof of last payments made for property tax, condo fees & utilities etc.
Proof of Residency. We require at least one Ids to prove Canadian residence, e.g. Passport or P.R card.
Realtor Commission Invoice. Please provide our email address (info@slclawyer.ca) to your realtor for the commission invoice.
Travel plans. Inform our office of any travel plans or inability to meet us within a week of the closing date.
Disconnect utilities. Contact all utility authorities (e.g., water, hydro and gas) for disconnection.
Pre-authorized payments. Cancel all pre-authorized payments, especially property tax & condo fees.
Fire insurance. Cancel fire Insurance. We recommend that you do not cancel the insurance until two working days after closing.
Keys or Lockbox code. Provide one set of keys with the lawyer and remaining at the kitchen counter with detailed notes for the buyer.

NON RESIDDENT SELLER INFORMATION;

If a non-resident sells a property, your real estate lawyer is expected to hold back up to 50% of the sale proceeds until a clearance certificate is issued from CRA. Please review the following link.
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/ic72-17/ic72-17r6-procedures-concerning-disposition-taxable-canadian-property-non-residents-canada-section-116.html

Step by Step Process

STEP 1: Upload the information online or Scan and Email the documents requested info@slclawyer.ca

STEP 2: Allow us time to review your documents and issues on your file. We may not contact you until a week before closing if everything is moving according to the procedure.

STEP 3: Contact all utility authorities to cancel your account two days after your date of closing.

STEP 2: Ensure that all your pre-authorized payments are cancelled—especially property tax and condo fee.

STEP 4: A week before closing, arrange for a spare key or a lockbox code to be provided to our office.

STEP 5: A week before closing, schedule an in-person appointment for signing closing documents. We must verify your Ids and signatures.

STEP 6: Ensure all original IDs are available for your appointment with our office.

STEP 7: On the date of closing by 5:00 P.M., reach out to our office to confirm closing.

STEP 8: Collect your sale proceeds from our office, same day or next working day. We can also deposit sale proceeds directly into your account by way of a certified cheque only. Please note: Some banks have starting holding funds for five working days. Please speak to your account manager to remove the hold.

STEP 9: Receive a final report with copies of all transaction documents for your record.

STAGES

Documents Required

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CLIENT RESPONSIBILITY

Our Fees

STEPS

DOCUMENTS & INFORMATION REQUIRED

Send Us A Message or Documents

Secure Uploads

OUR FEES STRUCTURE

CLIENT RESPONSIBILITY

Step by Step Process

STAGES

Documents Required

Send Message

CLIENT RESPONSIBILITY​

Our Fees

STEPS

DOCUMENTS & INFORMATION REQUIRED

Send Us A Message or Documents

Secure Uploads

OUR FEES STRUCTURE

CLIENT RESPONSIBILITY

Step by Step Process

CLIENT RESPONSIBILITY