Documents You Might Need
You can ask your Sales Representative (or Broker) to obtain various documents so you have accurate information about the costs of buying and owning a home. Your Sales Representative (or Broker) should be able to obtain the following documents on your behalf:
Survey (freehold only)
A survey shows the legal dimensions of the property, any easements or restrictions, and any fences and buildings on the property. Your Sales Representative (or Broker) should be able to get a copy of the survey from the seller, the seller's lawyer who handled the purchase of the property, the lender who provided the seller's mortgage.
Tax Bill
The most recent tax bill will provide you with the most up-to-date information on the current year's municipal taxes on the property.
Utility Summary
Before purchasing a home, you will usually want to have an idea of the costs of running it. Although actual utility costs will vary depending on the occupant, this can still be useful information as a guide. Ask your Sales Representative (or Broker) to obtain information from the seller about heat, hydro, and water costs for the previous few months.
Keys to Property
Once your lawyer has attended at the Registry Office, completed the necessary paperwork and transferred the funds, the lawyer will receive the keys to your new home. When you go to the lawyer's office to sign the closing documents, arrange for a time and place to pick up the keys from the lawyer.
Condominium (if applicable)
If you are buying a condominium, ask your Sales Representative (or Broker) to obtain the most recent financial statements and budget information from the applicable Condominium Corporation, to ensure that the balance in the reserve fund is included in the report.
Income Property (if applicable)
If you are buying an income property, ask your Sales Representative (or Broker) to obtain a list of tenants, a copy of their leases and telephone numbers, as well as monthly income and expenses for the building.
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