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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, Power of Sales, Second Mortgages, Bridge Financing etc.
Fees for additional work start at $200 per Item and can average upto $500 depending on the amount of extra work required.
Disbursements are generally expenses such as photocopies, couriers, telephone, faxes, printing, conveyancing, certifying checks, parking, mileage etc. Disbursements can run upto $500 to $600.
The average bill overall is generally around $1,000 for a simple Sale to $1,250 to $1,475.00 for simple Purchases with Land Transfer Tax and Title Insurance being separate.
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 $324- $400. 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. We require Title Insurance unless specifically wavied in writing and this option is only available for cash transactions.
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 as per our Website Home Page.
For example, invloving Bukhari Law Office to chase down unpaid utility bills or file a cliam with Title Insurance will end up costing you a fee for which an invoice will be mailed to you.
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