|
Bukhari Law Office charges new clients a fee of $375 plus G.S.T plus disbursements if their referral is made by a Real Estate Agent.
The special Real Estate Agent client referred fee is only applicable to a purchase and sale where either the first mortgage is arranged or discharged involving the following banks: Bank of Montreal, TD Canada Trust, Bank of Nova Scotia, Royal Bank of Canada, Canadian Imperial Bank of Commerce.
Normal charges apply to additional work such as change of name, death of an owner, liens, or executions, Power of Attorneys, Second mortgages, tenants, removal of registered restrictions, change of closing date, applying for title insurance etc.
Most transactions for new clients that are referred by a Real Estate agent can be processed at a discounted rate of $375 plus G.S.T plus Disbursements as most of the situations referred to above rarely occur.
Disbursements are generally expenses such as photocopies, couriers, telephone, faxes, printing, conveyancing, certifying checks, parking, mileage etc.
Clients who are purchasing a property should be aware that most banks require title insurance unless they can obtain an up to date survey from the vendor with a declaration of possession from previous owners for at least the previous ten years. Title insurance generally costs between $270- $322. Land transfer tax is generally 1 % of the purchase price minus $275. In addition registration of Documents at the court house is approximately $70 per Document and $11 per name for the sheriff.
All services for a Purchase are considered completed once we have provided you with a key and a copy of your documents and in the case of a sale once we have provided you with your net proceeds and your documents. Any questions after that point by a client would be billed to the client at regular charges. The rate for a Real Estate Law Clerk is $100 per hour and is billed in intervals of 6 minutes or the equivelent of $10 per every 6 minutes of work.
|
