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St Lawrence College Conveyancing Law Purchasing a Condominium Paper

St Lawrence College Conveyancing Law Purchasing a Condominium Paper

Description

Closing a Canadian residential real estate transaction is a process that starts as soon as  the agreement of purchase and sale is signed. Our client, Petronella Purchaser, has  retained our firm regarding her upcoming purchase of a lovely condominium unit  at 123 College Circle in Kingston, Ontario. The seller, Vinny Vendor, has lived in  the unit very happily for five years, but must sell it as he is being transferred to  Alberta in May. The closing date is set for Thursday, June 15th, 2023.  Organization is always the key to a successful closing. As this is the first  condominium closing in which you have been involved, I want to make sure that  you will be on track for a successful and stress-free real estate experience. With  that in mind, I would like you to do the following:

utline for me what steps would be involved for the lawyer and her trusty  law clerk in acting for the purchaser of a resale condominium. I would like  only the steps leading up to closing, not steps involved in the actual closing  or post-closing.

  ive a brief explanation of what each of these pre-closing steps or tasks  involves. 

f appropriate, give a timeline for each of these tasks so you can diarize  them later.

You may do this in the form of a closing agenda or transaction  checklist. Please only search Canadian Law, or how to do a purchase and sale in Canada. 

Explanation & Answer:
4 pages
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