Purchase of Commercial Real Estate: • Reviewing the executed agreement of purchase and sale • Investigating title and checking the legal description • Searching for arrears of realty and all other taxes and rates constituting statutory liens • Advising on the applicability of HST legislation • Searching for executions • Searching under the Personal Property Security Act for registrations • Reviewing all leases, tenancy agreements, service contracts, and employment contracts (if any) with respect to the proposed purchased property • Reviewing transfer • Reviewing statement of adjustments and examining survey (if available) • Arranging for title insurance (if applicable) • Making zoning and building by-law enquiries and searching for work orders (if applicable) • Making requisitions on title and on other matters recited in the agreement • Discussing with the purchaser all matters related to title, zoning and statement of adjustments • Liaise with your banking centre and drafting necessary banking documentation to satisfy the mortgagee (if applicable) • Attending on execution of documents • Attending to the closing • Giving opinion on title Sale of Commercial Real Estate: • Reviewing executed agreement of purchase and sale • Preparing transfer, bill of sale, and assignment of lease • Assignment of pertinent material contracts • Answering requisitions on title • Preparing and advising on statement of adjustments • Advising on the applicability of HST legislation • Liaising with your banking centre and preparing necessary discharge documents (if applicable) • Attending on execution of documentation • Attending to the closing and completing the sale • Registering mortgage discharge (if applicable) • Providing the client with a closing report, including copies of registered mortgage discharges (if applicable) |