Note: Please complete all pages and return by email or fax
1. Individual Purchaser(s)’ Names/Occupations:
(Our Land Title Office does not accept middle initials so please provide full middle name.)
Full Name:
Occupation:
Full Name:
Occupation:
Full Name:
Occupation:
Full Name:
Occupation:
2. Corporate Purchaser:
Occupation
Full Legal Company Name:
Province, State or Country of Incorporation:
Incorporation Number (if incorporated in BC):
If the company is obtaining a mortgage and personal guarantees of the mortgage are required by the Lender, please provide name, delivery address, email address and phone numbers of the guarantors:
3. Contact Numbers:
Telephone:
Fax:
(home)
(home)
(business
(business)
Cell Phone / Pager:
E-Mail Address:
4. Title
(if more than one individual purchaser)
Joint Tenants*:
Yes (....) No (....)
Tenants in Common:
Yes (....) No (....)
Other:
Yes (....) No (....)
*Husband and wife usually own a property as Joint Tenants so that in the event one dies the surviving spouse retains ownership of the property without probate.
5. Address of Property being Purchased:
Civic Address
Strata Complex or Subdivision Name:
Strata Lot #:
6. Purchaser’s Real Estate Agent:
Name:
Agency:
7. Residence Address of Purchaser(s):
(Post-closing of this purchase)
8. Purchase Completion Date:
9. Delivery of Documents:
If we must deliver documents to you by courier, should they be delivered to your residence or to an office? If to an office, please provide us with your office address and postal code or zip code.
To residence:
(....)
To office:
10. Goods and Services Tax (GST):
Is the property considered a residential property?
Yes (....) No (....)
If residential, is it used residential property?
Yes (....) No (....)
If the property is a recreational residence or a hotel-type unit, will you be offering the property for short term rentals? If yes, you will need a GST number to avoid paying GST at closing.
Yes (....) No (....)
Do you have a GST number for the Purchaser?
Yes (....) No (....)
If yes, please provide the number:
If no, do you want us to obtain a GST number for you?
(Note: an extra fee for this service will be charged)
Yes (....) No (....)
11. First Time Buyer:
Will this property be your principal residence?
Yes (....) No (....)
If yes, are you a Canadian citizen or landed immigrant?
Yes (....) No (....)
If yes, will you have resided in BC for the 12 months preceding the completion date?
Yes (....) No (....)
If yes, have you at any time held a registered interest in a principal residence anywhere in the world?
Yes (....) No (....)
12. Mortgage:
Will you be financing your purchase with a mortgage to be registered against the purchased property?
If yes, please provide us with details.
Yes (....) No (....)
Please note that if the purchaser is to sign mortgage documents outside of BC, they must be signed in the presence of a Notary Public. If you anticipate having trouble finding a Notary Public for this purpose, please notify us immediately.
Bank:
Address:
Phone:
Contact:
13. Insurance:
If the property is other than a strata lot in a multi-unit building and you are obtaining a mortgage, please provide the name and phone number of your property insurance agency.
Name
Phone:
14. Canadian Bank Account:
Do you currently have a bank account in Canada?
Yes (....) No (....)
If so, please provide us with details of the institution and account number. If not, we recommend that you make arrangements to establish one.
15. IMPORTANT…
THINGS FOR PURCHASERS TO REMEMBER:
A. Closing dates are important in British Columbia real estate transactions. Your failure to meet a closing deadline could result in the loss of your deposit and the opportunity to buy the property. If you need an extension to the closing date, the Vendor may only agree if you cover their expenses such as mortgage carrying costs, interest on their sale proceeds, and negative exchange rate fluctuations.
THEREFORE, PLEASE:
Don't make travel plans in the week before closing. We will require your execution of certain documents in that week, some of which may have to be notarized. If you must travel please give us notice of your travel plans and details of how you can be reached while travelling.
Be certain of how you are taking title to the property at least 10 days prior to closing and make sure we and your mortgage lender are notified.
Marshall all your closing funds well in advance of the closing date. We must receive your closing funds no later than noon on the closing date.
If you are purchasing in the name of a company which is not registered in British Columbia, we will require for closing a Certificate of Incorporation (if incorporated within the year previous to your closing date) or a Certificate of Status (or Good Standing). These Certificates are produced by the companies registrar in your jurisdiction. As there may be a lengthy delay in receiving the Certificate from the registrar, please order the Certificate as soon as possible to ensure its receipt prior to closing.
B. Property taxes in most British Columbia municipalities are due in early July for the calendar year. Tax notices are sent out in June to owners of record as of the previous March or April. Therefore, if you are purchasing your property in the March to July period, you must contact the municipal tax authority to confirm you are the new owner. This will ensure you receive the tax notice on a timely basis and avoid a penalty for unpaid taxes.
Please confirm your review of this section 15 by putting an “X” next to “Yes” and adding the date. Thank you.
Yes (....) No (....)
Date:
Fax to : 604-988-1452
For further info or to contact our real estate lawyer, Chuck Piercey,
or his legal assistant, Susan Pearson.