Real Estate Closing Services

• Standard Purchase Transaction: Our legal fee for a residential purchase with mortgage financing is $1,295.00 + H.S.T. For purchases without mortgage financing, the fee is $995.00 + H.S.T. Disbursements typically amount to approximately $395.00 + H.S.T., covering title searches, wire transfer fees, and other administrative charges.

• Standard Sale Transaction: Our legal fee for acting on the sale of a residential property is $1,195.00 + H.S.T. This includes the discharge of one mortgage or line of credit. If no mortgage is involved, the fee is $995.00 + H.S.T.

• Disbursements: Disbursements include costs for title clearance, discharge registration fees ($83.11 per registration), execution searches ($14.00 per name), and other administrative fees such as fax, photocopy, courier, and wire transfer charges. These are separate from the legal fees.

• For new build condominium purchases requiring interim closings, our legal fee is $595.00 + H.S.T. This covers the legal work required for interim occupancy before the final closing, excluding disbursements.

• Our legal fee for closing commercial real estate transactions, including mixed-use properties, is $2,495.00 + H.S.T. This includes title searches, on and off title reviews, and handling of liens or encumbrances. For mortgage registrations, an additional fee of $995.00 + H.S.T. applies.

For title transfers due to sales, gifts, or estate planning, our legal fee is $995.00 + H.S.T. This service includes handling all legal documentation required for transferring ownership, plus disbursements.

Our legal fee for refinancing services, including the registration of a first mortgage, is $995.00 + H.S.T. Additional fees may apply for complex title issues or multiple mortgages.

• Transfer of Title: Our legal fee for preparing a new transfer/deed for residential property is $995.00 + H.S.T. This applies to transfers for nominal consideration (e.g., $1.00), gifts, or situations involving a transfer of title for love and affection.

• Mortgage Discharge: If there is a mortgage on the property, lender approval is required before transferring title. The fee for discharging a mortgage is $495.00 + H.S.T. plus disbursements.

• Land Transfer Tax: Depending on the nature of the transfer, land transfer tax may apply. We will assess whether the transfer qualifies for an exemption (e.g., spousal transfers, trustee-to-beneficiary transfers). For gratuitous transfers, our team will review the applicable land transfer tax based on the percentage of interest transferred or the value of the mortgage assumed.

• Required Information: To proceed with a transfer of title, we will need various documents, including the current deed, lender’s approval, proof of spousal status, tax bills, and other relevant documentation. Our team will guide you through this process to ensure all legal requirements are met.

• Purchase of Recreational or Cottage Property: Our legal fee for acting on the purchase of recreational or cottage property is $1,495.00 + H.S.T. This includes title searches, on and off title reviews, reviewing any Environmental Site Assessments, and ensuring that the property is free of liens and encumbrances, except those specifically assumed.

• Additional Disbursements: Disbursements for cottage and recreational properties often include title searches, environmental inquiries, compliance with building and zoning by-laws, septic system permits, and water potability tests. The cost of a new survey (if required) ranges from $1,000.00 to $2,000.00 or more, depending on the property.

• Custom Fees: Each cottage or recreational property transaction is unique, and additional charges may apply depending on the specific requirements of the buyer.