Condo purchase (resale)
Purchase of a resale condominium, including status certificate review.
What is included
- Reviews the builder's agreement or the condo status certificate before you are bound
- Explains any cooling-off period, closing date rules and Tarion warranty coverage
- Reviews closing adjustments, levies and HST rebate terms
- Handles interim occupancy and final closing for new condos
- Registers the transfer and reports to you after closing
What is not included
- Land transfer tax, registration fees, title insurance premiums and other disbursements
- Home inspections, surveys and appraisals
- Disputes or lawsuits arising from the deal, unless the lawyer agrees to act
- Work by NEO Legal Services: NEO is a paralegal firm and only makes the referral
Who this service is for
- Buyers of a pre-construction home or condo
- Buyers of a resale condo
- People building a custom home on a lot
Information to have ready
- 1The builder's agreement of purchase and sale and all schedules
- 2The disclosure statement or status certificate
- 3Any notices from the builder about closing dates
- 4Deposit receipts and your mortgage approval
How a referral works
- 1Tell us in a few words what the matter is about, and who else is involved, so we can check for a conflict of interest.
- 2We recommend an Ontario lawyer for your matter, and at least one other you could choose instead.
- 3The lawyer runs their own conflict check, confirms the scope and quotes the fee, normally in a written retainer agreement.
- 4You pay the lawyer's fee to the lawyer. Any referral fee comes out of it, is disclosed to you in writing, and never increases what you pay.
NEO Legal Services Professional Corporation is a licensed paralegal firm, not a law firm. Every step of a referral, and your rights
Frequently asked questions
What does the lawyer charge?
A typical Ontario fee for this service is $1,200–$2,000, plus HST. The lawyer quotes the actual fee before any work starts. You pay the lawyer directly; the referral itself costs you nothing.
What is a status certificate?
It is a document from the condominium corporation about the unit and the corporation's finances, rules and any legal issues. The lawyer reviews it for concerns before your offer becomes firm.
What is interim occupancy?
In a new condo you may move in before the building is registered and pay an occupancy fee to the builder until final closing. The lawyer explains how this works under your agreement.
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
- No closing can be guaranteed if the other side or a lender does not perform
- Problems found late, such as title or survey issues, may delay closing
- The work is limited to the scope the lawyer confirms in writing
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