Home | Real Estate | Wills | Power of Attorney | Contact Us | Feedback | Sitemap
 

www.purdonlawyer.ca

Privacy Policy

              
 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate Fees and Disbursements

    Legal Fees
Legal fees are what a lawyer charges you for acting on your behalf. It is a service fee. Your Lawyer must pay all of the overhead expenses including rents, insurance, professional dues, equipment and personnel from this.

Disbursements are expenses that your lawyer charges you for out-of-pocket expenses that you would otherwise be required to pay if you handled the transaction yourself.  Because your lawyer generally pays these expenses, he asks you to reimburse him by including these items in his account.

Examples of disbursements include:
  • Registration Costs: It costs $70.70 to register a deed, a mortgage or any other document that affects the title to land.
  • Title Search Fees: Usually a lawyer will hire a searcher to conduct a search of the title on his behalf because it is cheaper for you than having the lawyer do the search. The lawyer then reviews the search on your behalf.
  • Teranet User Fees: Usually a lawyer will "charge through" to you, any costs associated with linking up to the teranet system that contains all the land registration documentation in electronic form.
  • Photocopies, Faxes and Postage: Usually a lawyer will charge you a reasonable amount for these items.
  • Off-Title Search Costs: In addition to searching the title to your new home, your lawyer may make various "off-title searches" to determine whether there are any problems that may affect your title. Each such inquiry usually has a cost associated with it which your lawyer will ask you to reimburse him for by including it in your account.
  • Off-Title Searches include:
    Tax Search: to ensure that there are no taxes outstanding on your property;
    Zoning Search: to ensure the use of the property is in compliance with the zoning that applies to it, and to determine the coverage, set-back, height and other restrictions that may apply;
    Unregistered Easement Search: to determine whether or not your new home is subject to any easements that may not be registered against the title to your new home;
    Property Standard Search: to determine whether or not the property is in compliance with the property standards regulations and whether or not there are any outstanding work orders that affect the property;
    Gas Search: to determine the status of the gas account, if, any and to notify the gas provider of the change of ownership;
    Hydro and Water Search: to determine the status of the hydro and water accounts and to notify the utility company of the change of ownership;
    Corporate Searches: to ensure that any previous corporate owners of your home were in good standing and capable of owning and selling land.

    If your property has 2 or more units or is located in a rural environment; then any of the following enquires may also be necessary:

    Fire Department Compliance Search: this may be necessary to ensure that fire safety standards required where a building consists of more than one living unit are complied with;
    Hydro Compliance Search: this may be necessary where a building holds more than one dwelling unit to ensure compliance with safety regulations;
    Drainage Act and Title Searches: these may be necessary to ensure the rural property is not encumbered by a drainage act or tile debenture.

    Some or all of these off-title searches and their related costs may be eliminated if title insurance is used, in which event your account will reflect the fee for the policy of title insurance as a disbursement (but not the fees for the searches that were not required).
     
 
Home |Contact Us | Real Estate | Wills | Power of Attorney | Fees | Feedback | Site Map
COPYRIGHT (C) 2013 Trueman Consulting Plus ALL RIGHTS RESERVED