Buyers Information Worksheet

A. Ownership

Legal Name(s) of intended Registered Owner(s)

(1)

First
Middle
Last

(2)

First
Middle
Last

Date(s) of Birth
(1)

(2)

Marital Status

Name of Spouse (if not an intended registered owner)

First
Middle
Last
Home Phone Number
Cell Phone Number
Work Phone Number
Email Address

Present Address

Street Address
City
Province

Postal Code

B. Title Instructions

Owners can take title to the property either as "joint tenants" or as "tenants in common." Most couples buy their homes as "joint tenants". This means that if either one of you should die while owning the property, the interest that the deceased person holds in the property would automatically vest and be transferred to the surviving owner. This means that the deceased owner's interest would not be governed by that person's Will, would not form part of that person's over-all estate and would not be subject to estate ("probate") fees. It is a form of estate planning and makes sense for couples in most instances.

In some cases, people may wish to keep their interests legally separate and divisible. In that case, you might own the property as "tenants in common", meaning that you own a particular percentage interest in the property. If you hold property in that manner, you would be able to convey your interest in the property to someone else in your Will, but the value of your interest would be subject to estate administration fees. You tend to see more of this type of ownership with individuals entering into a business arrangement or investment.

How would you like to take title:

(Please specify, if percentages):


C. Property Information

What is the present use of the property?

Is this an investment (rent-generating) property?

Is the property situated near a lake, river, creek, or wetland?

Is there a swimming pool on the property?

How is the property heated?

How is the water supplied?

Sewage system


D. Lender Information

Will you be borrowing funds to complete the transaction?

If Yes, from whom:
Family Member / FriendPrivate LenderFinancial Institution

Lender/Broker Name
Contact's Name
Address / Branch Address
Phone
Fax
Email

E. Insurance

Insurer or Insurance Broker
Contact's Name
Address / Branch Address
Phone
Fax
Email

F. Land Transfer Tax Information

Confirm that the person(s) taking title to the property is/are at least 18 years of age:

Confirm that the person(s) taking title to the property will be occupying the property as his/her/their primary residence no later than 9 months after the closing date?

Indicate whether any person(s) taking title to the property ( or spouse of person taking title to the property) previously owned a home or an ownership interest in a home anywhere at any time?

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