Common Questions about Document Preparation
Real-Estate Transaction Documentation FAQ
Explore frequently asked questions regarding the preparation, review, and management of real-estate transaction documents in Canada with LexAptria.
In Ontario, essential documents include the transfer deed, title search report, certificate of status for the corporation or seller, and any disclosure statements. Additional items may include municipal compliance certificates and mortgage commitment letters if financing is involved.
We conduct a thorough title search through the local land registry office to identify all previous registrations and encumbrances. Our team cross-references public records, municipal rolls, and legal filings to confirm clear ownership.
Yes. LexAptria offers secure digital portals for uploading and reviewing drafts. We guide you through e-signature processes compliant with Canadian regulations and coordinate final document exchange online.
A municipal compliance certificate confirms property taxes and bylaw charges are settled. It’s often required by lenders or as part of regulatory due diligence. We assist in requesting and obtaining it from the city office.
Preparation time varies based on property complexity but typically ranges from five to ten business days after all necessary information and funds are received.
Yes. We draft and review power of attorney forms to ensure they grant the correct authorities under Ontario’s Powers of Attorney Act, and coordinate notarization or witnessing as required.
Fees depend on the scope and volume of documents. LexAptria provides a transparent schedule during the initial consultation, detailing fixed costs for standard packages and itemized charges for additional services.
Absolutely. Drafts are sent to you for review with clear annotations. You can request clarifications or adjustments prior to final approval and signing.
Our secure portal uses encrypted connections and multi-factor authentication. You can upload scans or photos of identification, which are automatically deleted after verification.
A closing statement is a detailed breakdown of all funds exchanged, including purchase price, legal fees, land transfer taxes, and adjustments. It reconciles amounts payable by buyer and seller.
Deposits are placed in a trust account managed under provincial rules until the transaction completes. LexAptria ensures the funds are handled in compliance with Ontario’s Law Society requirements.
Minor clerical corrections are possible, but substantive changes usually require executing amendment documents or completing a supplementary agreement. We guide you through any necessary steps.
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We request certified copies directly from the local land registry office or court registry. Turnaround typically takes five to seven business days once requested.
LexAptria offers post-closing assistance such as registering final transfers, updating municipal records, and providing electronic archives of all executed documents.