Real Estate Law
Kelowna BC

• Executed Contract of Purchase and Sale;
• Existing Transfer/Deed – Ownership documents;
• Details on any Existing Mortgage, Line of Credit or other Encumbrances (Mortgage Reference Number and Company);
• Current year’s Realty Tax Bill and how much you have paid;
• Any survey in your possession;
• Forwarding Address;

• You will be required to sign closing documents prior to the completion;
• You will be required to provide two pieces of valid government identification;
• On-site signing at a specified location can be arranged for additional fees;

• Net Proceeds are payable by Solicitor Trust Cheque or Wired to a specified Account;
• Net Proceeds are only made payable to the Title Holders (Owner(s);

• In most cases the Realtor’s Brokerage will deposit the excess commissions to the Buyer’s Lawyer;
• Any Excess deposit are then used to complete the transaction and payout the remaining agent’s commission fees;
• If the deposit amount does not cover the Realtor’s Commission, the required amount will be advanced to the Brokerage from the purchase proceeds;

It is advisable to make arrangements to cancel the Fire Insurance Policy after the transaction has been completed;

Water, Hydro, Gas, Oil, Cable, etc – You are responsible for arranging for a final meter reading and providing a forwarding address. Maio Law does not contact utility providers. Please advise Maio Law if you have any flat rate services that you prepay so appropriate adjustments can be made on closing;