Assignment Sale (Condo Pre-construction)
Full legal assistance for assignment of a pre-construction condo purchase agreement.
Buying, selling, refinancing or transferring property, registering documents on title and advising on agreements of purchase and sale or commercial leases are work for a lawyer in Ontario, so the firm does only the parts a licensed paralegal is permitted to do, such as residential tenancy matters, and refers the rest to an Ontario lawyer.
What is included
- Listening to what you need and noting key dates, such as a closing or signing date
- Explaining which parts of the work must be done by a lawyer
- Referring you to an Ontario real estate lawyer, with at least one other you could choose instead
- Helping you gather the documents the lawyer will ask for
- The lawyer then confirms the scope with you, sets and bills their own fee, and handles the transaction, title and registration
What is not included
- Acting on a purchase, sale, refinance or title transfer, which only a lawyer may do
- Advice on agreements of purchase and sale, status certificates or commercial leases, which the lawyer gives
- Land transfer tax, registration fees, title insurance and other closing costs
- Mortgage and lender documents, which the lawyer handles
Who this service is for
- Buyers and sellers of a home, condo or vacant land in Ontario
- Owners refinancing a mortgage or transferring title to a family member
- Buyers and sellers of a pre-construction condo assignment
- Business owners with a commercial lease to review
Information to have ready
- 1The agreement of purchase and sale, listing or lease, if you have one
- 2The property address and the names of every owner or buyer
- 3Your closing, signing or renewal date
- 4Mortgage or lender details, if any
- 5Photo identification for each person signing
Frequently asked questions
How much does it cost?
The fee is $1,500 plus 13% HST ($1,695.00 in all) for the work described on this page. Court, tribunal or government fees and other disbursements are extra. We confirm the scope and the fee in a written retainer agreement before any work starts.
What happens when I check out?
You book a time for your intake call, then save a card on Stripe's secure page. Nothing is charged today: the card is only charged later, for an invoice for work already done, as your retainer agreement sets out. A licensed paralegal confirms the details, checks for conflicts of interest and, if we can act for you, sends the retainer agreement. Fees paid before the work is done are held in our trust account.
Can a paralegal handle my home purchase or sale?
No. In Ontario, acting on a purchase, sale, mortgage or title transfer is work for a lawyer, and the lawyer also handles registration on title. The firm can refer you to an Ontario real estate lawyer, who confirms the scope with you.
What happens on closing day?
The lawyer registers the transfer or mortgage electronically, arranges for the funds to move between the parties and lenders, and reports to you. Keys are usually released once registration is complete.
Why should documents be ready early?
Searches, lender instructions and closing documents take time, and problems found on title or in a condo status certificate are easier to deal with well before the closing date.
General information only, not legal advice. NEO Legal Services Professional Corporation is a licensed paralegal firm regulated by the Law Society of Ontario.
Important limitations
- The firm does not act on real estate transactions; the lawyer you retain does that work
- No outcome can be guaranteed, including approval by a lender or the other side
- Closing dates are fixed by your agreement, so documents must be ready on time
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