Key facts
- Signed before
- A notary
- Buyer pays
- Balance of price and stamp duty
- Seller pays
- Property transfer tax, via the notary
- After
- Registration, utilities, condominium
Before the day
- [ ] Searches complete and the notary confirms a good title.
- [ ] Bank loan documents signed and funds ready.
- [ ] Balance of price and duty with the notary, with proof of source of funds.
- [ ] Final viewing — the property is as agreed, with the agreed contents.
- [ ] Conditions met — permits, works, regularisation.
- [ ] Condominium and utility arrears settled by the seller.
On the day
Buyer and seller (or their attorneys) sign the deed of sale before the notary. The buyer pays the balance of the price and of the stamp duty; the seller’s property transfer tax is withheld by the notary; any mortgage on the property is cleared. You receive the keys.
After the deed
- [ ] Notary registers the deed and gives you a copy.
- [ ] Transfer water and electricity accounts — see utilities.
- [ ] Register with the condominium administrator.
- [ ] Put insurance in place from completion — see home insurance.
- [ ] Update your address with banks and authorities.
