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day >after closing Title
Insurance What
You Have To Do FAQ's >using
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Land
Transfer Tax Schedule | |
Utilities
Letters are sent by your lawyer to all municipal or
regional utility departments to confirm that there are no arrears or outstanding
charges for gas, water or hydro; that there are no conditional sales contracts,
easements or unregistered agreements, liens or other encumbrances affecting the
property or equipment being left by the vendor. These letters also verify if the
equipment on the property is rented or owned and they also advise the various
utility departments of the scheduled closing date, the new owner's name and the
name of the vendor's solicitor. These letters also request information as to the
type of billing and if the billing is metered, to do final meter readings on the
scheduled closing date and to forward final bills to the vendor, in care of his
solicitor. Each department has a set fee for replying to these letters
and these fees are paid by the lawyer on your behalf as disbursements on your
account. If your transaction is being title insured, your lawyer may not order
all utility searches because some arrears may be covered by the insurance provided
your lawyer obtains verbal clearances. Continue>>
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