PURCHASE QUESTIONNAIRE

 

PURCHASE QUESTIONNAIRE

Closing Date: ___________________

Address of Property Purchased:_________________________________

Client last name:         _______________________________________________

Current address:         _______________________________________________

Home Phone #:           ___________________________

Work Phone #:            ___________________________

Cell Phone #:              ___________________________

E-Mail Address:         _______________________________________________

Full Names of all persons going on title:

______________________________________________    Date of Birth: __________________

______________________________________________    Date of Birth: __________________

______________________________________________    Date of Birth: __________________

______________________________________________    Date of Birth: __________________

____ joint tenants       ____ tenants in common        ____ individual

(Please specify, if percentages):         ______________________________________

JOINT TENANCY: Two or more people each have an undivided equal interest in the property. If one owner dies, the surviving owner or owners automatically own the entire property “by right of survivorship”

TENANTS IN COMMON: Two or more people can own property as “Tenants in Common”. Upon the death of a co-tenant, the deceased’s interest in the property does not automatically go to the surviving owners as is the case with joint tenants. Rather, it becomes part of the estate of the deceased. Tenants in common do not have to hold equal shares in the property as do joint tenants.

INDIVIDUAL: This type of ownership is for those who are going on title alone. This means that the person is the absolute owner of the property. If the property qualifies as a “matrimonial home” under family law, both spouses have an equal right to live there, no matter who has title or who paid for it. Therefore a spouse who is not a registered owner of the property must still sign his or her consent to transfer or mortgage the family residence.

Are all purchasers residents of Canada?                     ____ yes         ____ no

Will you be residing at the property?                         ____ yes         ____ no

Is there a basement apartment on the property?         ____ yes         ____ no

Are there any tenancy/leasing agreements?                ____ yes         ____ no

Is access from a provincial highway?                         ____ yes         ____ no 

To your knowledge is the property controlled by:

1.         Conservation Authority                                  ____ yes         ____ no

2.         Niagara Escarpment Commission                  ____ yes         ____ no

3.         Ministry of Natural Resources                       ____ yes         ____ no

Is the property beside a lake, river or creek?              ____ yes         ____ no

Is there a swimming pool on the property?                ____ yes         ____ no

How is the property heated?    ____ gas     ____ oil ____ propane       ____ electric

How is water supplied?           ____ municipality   ____ private well ____ share well

Sewage system                        ____ municipality   ____ septic system

INSURANCE (please arrange for a Binder letter to be faxed to us prior to closing)

Insurance Broker (name and phone number)

_____________________________________________________________________

MORTGAGE INFORMATION

Is your mortgage arranged?                ____ yes         ____ no

Arranged with bank or broker?          ____ bank       ____broker

Name of Financial Institution:            _____________________________________________

Contact name and phone number:      _____________________________________________

BROKER INFORMATION (if applicable)

Name of Brokerage:                           _____________________________________________

Contact name and phone number:      _____________________________________________

Ontario law requires that the mortgage document contain a statement regarding the spousal status of all registered title holders:

Name: _______________________  ___Married ___Not a Spouse ___Divorced ___Separated

Name: _______________________  ___Married ___Not a Spouse ___Divorced ___Separated

Name: _______________________  ___Married ___Not a Spouse ___Divorced ___Separated

Name: _______________________  ___Married ___Not a Spouse ___Divorced ___Separated

If you would like more information, please send me an email to Cindy with details explaining what you require and we will help you.   Alternatively, you may call us anytime at 905-608-9967