What are Disbursements?
In Ontario, every real estate transaction involves two types of costs: Legal Fees and Disbursements.
Your Real Estate Lawyer Mississauga Legal Fee ($999) covers the lawyer’s professional time, expertise, and responsibility for completing your transaction.
Disbursements, on the other hand, are out-of-pocket expenses paid to third parties, such as government bodies and search providers, necessary to complete and register your transaction. These can be understood as the administrative costs required to make your home ownership legally effective.
However, certain third-party charges are not included in office disbursements, including Land Transfer Tax, Title Insurance, Unity Software fee ($240), ID verification ($30), and government registration fees (currently $87.40 per document).
Fixed
Office Disbursements-
One Title Search Included
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Two Writ Searches Included
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Two Execution Searches Included
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One Mortgage Pay-out Included
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Bank & Wire Transfer Fees Included
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Certified Cheques Included
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Courier, Postage & Printing Included
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Secure File Storage Included
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Transparency: Unlike other firms that charge for every fax or photocopy, these costs are fixed, so you can budget accurately.