What Does a Lawyer or Notary Do?

  • conducts a title search to ensure that the seller is the true owner of the property, ensures that the current or proposed occupancy usage conforms to local by-laws
  • obtains compliance letter acknowledging that no outstanding liens (legal claims) or work orders are in effect
  • organizes tax department release verifying that property taxes are up to date
  • handles the transfer of ownership from seller to buyer
  • registers the mortgage on title
  • ensures arrangements are in place for funds to be available for closing
  • coordinates with lenders the setup of legal documents for any mortgage security
  • ensures that all mortgage terms and conditions are met, and that title is clear in order to make undertakings to lender(s)
  • may obtain title insurance on your behalf if there is any issue surrounding title that may cause a claim or work order of some kind in the future
  • arranges with you the signing of legal documents and submission of remaining funds not provided by the mortgage lender(s)
  • coordinates closing of the purchase transaction with the lawyer or notary acting for the seller of the property