HST is applicable to all fee quotes and disbursements.
Hourly rates on notice to client may vary during progress of the file.
Fees are based on the straight-forward cases. Fees may vary if the matter is complicated.
REAL ESTATE |
|
Residential Purchase (cottages/recreational property excluded) |
|
| Under $450,000.00 | from $880.00 |
| Between $450,000.00 and $850,000.00 | from $880.00 |
| Over $850,000.00 | from $950 |
| Each mortgage (purchase) *Major Lender | from $450.00 |
| Each mortgage (purchase) *Not a Major Lender | from $550.00 |
| Each mortgage (purchase) *Private Lender | from $600.00 |
| Purchase Disbursements (Land Transfer Tax and Title Insurance excluded) | Approximate $500.00 |
Residential Sale (cottages/recreational property excluded) |
|
| Under $450,000.00 | from $900.00 |
| Between $450,000.00 and $850,000.00 | from $900.00 |
| Over $850,000.00 | from $950.00 |
| Discharge of mortgage when required to be done by a lawyer | from $350.00 |
| Sale Disbursements | Approximate $350.00 |
Cottages/recreational property purchase/sale |
Please, call for quote |
Bridge Loan |
from $450.00 |
Mortgage Refinancing |
|
| Mortgage Refinancing – Major Lender | from $950.00 |
| Mortgage Refinancing – Non a Major Lender | from $1050.00 |
| Mortgage Refinancing – Private Lender | from $1000.00 |
| Payout Credit Cards/Line of Credit/Debit Cards | $50.00 for each payout |
| Mortgage Refinancing Disbursements | Approximate $450.00 |
| Other Real Estate | |
| Review of Agreement of Purchase and Sale (re-sale) | from $450.00 |
| Review of Agreement of Purchase and Sale (new construction) | from $550.00 |
| Status Certificate Review | from $350.00 |
| Discharge of Restrictive Covenants |
$from 350.00 |
BUSINESS LAW |
|
| For business law matters we ask for payment in advance of the work done. These are called “retainers” and the funds are held in trust until the work is completed and invoiced to the client. (At the end of the case, any unused portion of a retainer is returned to the client.
At a consultation, we give an estimate of the final cost (if we can) and we will ask you to sign an agreement that sets out the fee and disbursement arrangement, so there is no confusion. |
|
| Basic Provincial Incorporation | from $650.00 |
| Disbursements | Approximate $660.00 |
| Basic Federal Incorporation | from $650.00 |
| Disbursements | Approximate $350.00 |
| Reorganization | please call for quote |
| Annual resolutions | from $350.00 |
WILLS – ESTATES- POWER OF ATTORNEY |
|
| Last Will & Testament – 1 person (if uncomplicated)** | from $490.00 |
| Last Will & Testament – Husband & Wife (if uncomplicated)** | from $690.00 |
| Codicil | from $350.00 |
| Power of Attorney For Personal Care | from $85.00 |
| Power of Attorney for Property | from $85.00 |
DISBURSEMENTS
Real Estate Matters
Disbursements for a Purchase can include, but are not limited to:
- Land Transfer Tax;
- Execution Certificates;
- Registration of Mortgage or Deed;
- Search Costs;
- Title insurance;
- Long distance calls, courier fees, photocopies, faxes, software charges, certified cheques, etc.
Disbursements for a Sale can include, but are not limited to:
- Search of Title;
- Tax Certificate;
- Transaction levy surcharge;
- Long distance calls, courier fees, faxes, software charges, photocopies, certified cheques, etc.
Disbursements for a Mortgage Refinancing can include, but are not limited to:
- Search of Title;
- Tax Certificate;
- Status Certificate;
- Lender Title Insurance;
- Long distance calls, courier fees, faxes, software charges, photocopies, certified cheques, etc.
*Major Lender/Non Major Lender/Private Lender
Major lender:
Five major banks: RBC, CIBC, Scotiabank, TD Bank and HSBC
Non Major Lender:
Other than major lender institutional lenders
Private Lender:
Non institutional lenders
Business Law Matters
Disbursements for Business Law Matters can include, but are not limited to;
- Search Costs;
- Registration Costs;
- Ministry Filing Fees;
- Corporate supplies – Minute Books, Seal, Long Distance calls, photocopying, etc.
Estates matters
Disbursements for Will and POA’s can include, but are not limited to;
- Photocopies;
- Software fees;
- Faxes, Long distance calls.
**An example of an uncomplicated Will:
– no property outside Ontario
– no complex assets/liabilities
– no complex gifts or trusts
SERVICES INCLUDED IN SIMPLE PURCHASE TRANSACTIONS WITH MORTGAGE QUOTES:
TO acting for you in matters relating to your purchase of the above property;
TO reviewing the executed agreement of purchase and sale;
TO performing a search of titles and reviewing the same;
TO submitting requisitions on the title and reviewing responses thereto;
TO searching for arrears of taxes and to obtaining a certificate with respect
thereto;
TO searching for executions;
TO examining the draft deed;
TO reviewing the statement of adjustments;
TO preparation of an Affidavit pursuant to the Land Transfer Tax Act;
TO all necessary telephone and written correspondence;
TO meeting with you to sign all necessary documents;
TO closing the transaction and to registering the Transfer/Deed of Land;
TO reporting to you;
TO acting for you as well as the lender with respect to placing a new first mortgage
TO receiving and reviewing mortgage instructions;
TO preparation of required documentation;
TO correspondence with the mortgagee (clarification of mortgage instructions) and to providing any required draft documents prior to
closing;
TO receiving funds from the mortgage advance into my trust account;
TO registering the mortgage and to submitting a final report and opinion on title to the mortgagee;
SERVICES INCLUDED IN SIMPLE SALE TRANSACTIONS QUOTES:
TO acting for you in all matters with respect to the sale of the above property;
TO receiving and reviewing the executed Agreement of Purchase and Sale;
TO preparation of the deed or transfer;
TO preparation of the Statement of Adjustments;
TO preparation of undertakings, direction for funds and other documents required to complete the sale;
TO receiving and responding to requisitions on title;
TO reviewing the direction in the Agreement of Purchase and Sale and to paying from the proceeds of sale, the balance of the real estate commission owing;
TO necessary correspondence and telephone conversations;
TO meeting with you to sign all necessary documents;
TO reporting to you;
SERVICES INCLUDED IN SIMPLE MORTGAGE TRANSACTION QUOTES:
TO acting for you in matters relating to your new mortage of the above property;
TO performing a search of titles and reviewing the same;
TO searching for executions;
TO reviewing the lender documents with you;
TO all necessary telephone and written correspondence;
TO drafting the mortgage and schedules in accrdance with mortgage instructions;
To making all the necessary searches requested by the mortgagee
TO meeting with you to sign all necessary documents;
TO registering mortgage in the electronic system;
TO reporting to the mortgagee;
SERVICES NOT INCLUDED IN SIMPLE TRANSACTION QUOTES:
Negotiations related to the terms and conditions of the Purchase and Sale Agreement/ claims related to not-fulfilment of the Purchase and Sale Agreement;
Negotiations with the bank with regards to the terms and conditions of the mortgage;
Additional off- title searches requested by clients;
Discharges of charges when banks require a law office to complete a discharge;
Registration of the restrictive covenants removal when clients request the same;
Extension fees if clients need to extend the date of closing;
All other work not listed in the services included.
All extra work is charged at the hourly rate of $350.00+HST
Call us at 289-848-0096 or email to: info@AnnaGurevich.com
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