Real Estate Purchase – Wiseberg Law

Will the purchaser(s) be an individual(s) or a corporation?*

How many purchasers are there?*

One
Two

If there are more than two purchasers, please check "Two", fill in the form, and fill in the information requested below for additional purchasers under the heading "More Than Two Clients."

Is the home you are purchasing a matrimonial home?*

Yes
No

A matrimonial home means every property in which either spouse (legally married, not at common law) has an interest and which is "ordinarily occupied by the person and his or her spouse as their family residence.” Thus, more than one home can qualify as a matrimonial home. For example, if legally married spouses have a cottage that they also use regularly as a family, the cottage will be a second matrimonial home.

Do you or your "family member(s)" intend to occupy the property as a principal residence? **

Yes
No

“Family member” means: a) your spouse, b) your child or step-child or your spouse's child or step-child, c) your parent or or your spouse's parent or step-parent, d) your grandparent or step-grandparent or your spouse's grandparent or step-grandparent, e) your sibling or step-sibling or your spouse's sibling or step-sibling, or any spouse of any such sibling or step-sibling, f) the spouse of your child, or g) your grandchild, step-grandchild or great-grandchild, your spouse's grandchild, step-grandchild or great-grandchild or the spouse of any such grandchild, step-grandchild or great-grandchild. "Spouse" wherever used herein, refers to a legally married spouse.

How is title to be held?*

Joint Tenants
Tenants in Common

Generally, if title is held in equal parts by parties as joint tenants, upon the death of one of the parties, title will transfer to the the other party on title (if there are more than two joint tenants, title transfers to the surviving parties in equal shares); whereas, if title is held as tenants in common, whether in equal parts or not, upon the death of one of the parties, title will not transfer to the other party on title, but in accordance with estate law as applicable to the deceased party (i.e. in accordance with the deceased party's will). In most cases, both parties to a matrimonial home will choose to hold as joint tenants.

What is the name of the Corporation(s)?*

If you applied for a mortgage, title must be in the same names as shown in the mortgage application.

Articles of Incorporation

Drop files here or

You will need to to provide us with your articles of incorporation.

If there is more than one corporation, please provide the name of the additional corporation(s) and your relationship to them.*

Is the purchaser(s) acting through a third party?*

Yes
No

Click yes if you are acting for the purchaser as an agent, trustee, attorney under a power of attorney, guardian, or in any other situation in you will be representing the purchaser of the property.

If the purchaser is acting through an agent, through a trustee, under a power of attorney, through a guardian, or in any other situation in which the person who will be signing the document is not the person who will have beneficial ownership of the property, please provide the name, date of birth, address and contact information of the purchaser.*

The remainder of this form should be filled in by the agent, trustee, attorney, guardian or other third party acting for the purchaser.

If you have any plans on being away on or near the closing date, please let us know when

Are you selling on the same day as your purchase?*

Yes
No

If you are selling a property as well as purchasing one, please fill in the form, "Client Intake - Real Estate Purchase".

Are you getting a bridge loan if you are purchasing before you sell your existing property?*

Yes
No
N/A

All Individuals (not corporations)- Identification

Drop files here or

Please provide two (2) pieces of identification for each party, front and back, with one (or both) of those pieces of identification being a driver's license and/or a passport. If providing only one of a passport or a driver's license, the other piece of identification need not be a picture id, and cannot be a health card. Please bring the same identification when we meet for verification.

Client 1 - Tell Us About You

Client 1 - In whose name is title to be registered?*

Prefix First Middle Last

If you applied for a mortgage, title must be in the same names as shown in the mortgage application.

Client 1 - Spouse*

If you are married, please fill in the complete name of your spouse, and specify if you are legally married or married at common law. If you are not married, please state "N/A".

Client 1 - Are You a First Time Home Buyer?*

Yes
No

Everybody who buys land or an interest in land in Ontario must pay land transfer tax. First-time homebuyers of an eligible home may be eligible for a refund of all or part of the tax. The term "first time home buyer" means a first time home buyer anywhere in the world, AND you plan to reside in the property within nine months of closing.

Client 1 - Date of Birth*

Client 1 - Current Address*

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

Client 1 - Which address shall be your address for service post-closing?*

The address of the property I am purchasing
My current address

Client 1 - Phone (Cell)*

If you do not have a cell phone, please write down the number where we can reach you.

Client 1 - Phone (Home)

Client 1 - Phone (International)

Client 1 - Email*

Enter Email Confirm Email

Client 1 - Occupation*

Client 1 - Name of employer*

Client 1 - Phone (Work)*

Client 1 - Business Address*

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

Client 2 - Tell Us About You

Client 2 - In whose name is title to be registered?*

Prefix First Middle Last

If you applied for a mortgage, title must be in the same names as shown in the mortgage application.

Client 2 - Spouse*

If you are married, please fill in the complete name of your spouse, and specify if you are legally married or married at common law. If you are not married, please state "n/a".

Client 2 - Are You a First Time Home Buyer?*

Yes
No

Everybody who buys land or an interest in land in Ontario must pay land transfer tax. First-time homebuyers of an eligible home may be eligible for a refund of all or part of the tax. The term "first time home buyer" means a first time home buyer anywhere in the world, AND you plan to reside in the property within nine months of closing.

Client 2 - Date of Birth*

Client 2 - Current Address*

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

Client 2 - Which address shall be your address for service post-closing?*

The address of the property I am purchasing
My current address

Client 2 - Phone (Cell)*

If you do not have a cell phone, please write down the number where we can reach you.

Client 2 - Phone (Home)

Client 2 - Phone (International)

Client 2 - Email*

Enter Email Confirm Email

Client 2 - Occupation*

Client 2 - Name of employer*

Client 2 - Phone (Work)*

Client 2 - Business Address*

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

Tell Us About You

Name*

Prefix First Middle Last

What is your relationship to the Corporation (choose all that apply)*

Date of Birth*

Your Address*

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

Phone (Cell)*

If you do not have a cell phone, please write down the number where we can reach you.

Your Email*

Enter Email Confirm Email

Occupation*

Name of employer*

Phone (Work)*

Business Address*

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

More Than Two Clients

If there are more than two purchasers, please write down the name of each additional party, the date of birth of each additional party, the address of each additional party, the phone number of each additional party, the email address of each additional party, the occupation of each additional party, the name of each additional party's employer and the business address of each additional party.

Please add all any further information you may think relevant, including the percentages in which party will hold title.

Tell Us About the Property

Agreement of Purchase and Sale

Drop files here or

Please inform your realtor that we will be handling this matter, and provide the Agreement of Purchase and Sale, together with any amendments thereto, if available.

What is the Purchase Price?*

What is the Closing Date*

What type of property is it?*

Single Family Residence
Agricultural Land
Mixed Property Types

Mixed property types refer to land that includes any combination of a single family residence or agricultural land, and any other type of land (i.e. commercial). Note: agricultural land containing a residence is considered to be exclusively agricultural land.

If the answer above is "mixed property types", specify the percentage single family residence, and the percentage agricultural (total must equal 100%)

If the type of property above is "single family residence" or "mixed property types" which includes a portion of "single family residence", specify the type of dwelling unit*

If you are purchasing either a condominium or a townhouse (condominium), please select all that apply:*

Will there be a mortgage on the property?*

Yes
No

For each mortgage, please write down the name of the mortgagee (lender), the name of the contact person, the phone number and the email address of the contact person*

Name of Guarantor, if any

Intended Use of the Property- Will this be an investment/rental property?*

Yes
No

Will all or any part of the property be rented?

Is a survey available?*

Yes
No
Unsure

How is the property heated?*

What is the name of your insurance company (fire insurance), the name of the insurance agent, and the phone and email address of the insurance agent?*

If you are purchasing a condominium or vacant land, please type in "N/A"

Title Insurance*

Yes
No

While this is a discretionary cost, it is strongly recommended that you take title insurance. If you are financing the property through a mortgage, your mortgagee will almost surely require a lender's policy be in place. The cost of an owner's policy on top of the lender's policy is marginal (approximately $150-$200). In fact, when compared to the value of the property, the cost of an owner's policy on its own is marginal (approximately $150 - $500, depending on the value and circumstances of the property). Generally, title insurance could protect you, the owner, for as long as you own the property, from such things as unknown defects in title, liens against the property, title fraud, errors in surveys and public records, encroachment and other title related issues.