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Purpose:
This Agreement becomes necessary when one plans to surrender his property for use by another party. A Lease Agreement explicitly sets out the manner in which the Tenant is to occupy the premises and Landlord is to manage the premises, leaving no room for assumptions and less likelihood of disagreements.
Requirements:
- Full name and address of the Landlord and Tenant
- Copy of title/conveyance and survey
- Amount of Security deposit (to be held by Landlord until lease expires)
- Payment Plan (e.g. deposits, monthly payments, annual payment, etc.)
- Type of Lease (Commercial, Residential, Storage, etc.)
- Commencement & Expiry Dates
- Option to Purchase (Purchase Price & Date of Option)
- How defaults should be dealt with (e.g. grace period, cancellation of agreement, etc.)
- Special Clauses or Additional Information
Fees:
| Preparation of Lease Agreement |
US |
$ 350.00 |
| General Sales Tax (12.5%) |
US |
$ 43.75 |
Total |
US |
$ 393.75 |
Any additional time other than incidentals above and change of standard agreement will be charged at US $75.00 per hour plus administrative fee and general sales tax of 12.5%.
Optional Services and Fees:
| Title Search for Declared Land |
US |
$500.00 |
Title Search for Undeclared Land
|
US |
$700.00 |
Purchase Agreement
|
US |
$500.00 |
Purchase Agreement with Owner's Financing
|
US |
$1,000.00 |
Escrow Agreement
|
US |
$250.00 |
Escrow Services
|
US |
$500.00 (For properties that cost US $100,000. or less) |
Escrow Services
|
US |
$1,000.00 (For properties that cost between US $100,001. and
US $200,000) |
Escrow Services
|
US |
$2,000.00 (For properties that cost between US $200,001. And
US $500,000) |
| Escrow Services |
½ % of the value (For properties that cost more than US $500,001.) |
Charge on property
|
US |
$250.00 |
Discharge of Charge
|
US |
$250.00 |
Mortgage
|
US |
$1,000.00 |
Cancellation of Mortgage
|
US |
$500.00 |
Transfer of Title for Declared Land
|
US |
$550.00 |
Transfer of Title for Undeclared Land
|
US |
$750.00 |
Transfer of Title with Covenants
|
US |
$1,050.00
|
| Strata Title for Condominiums |
US |
$1,000.00 per unit |
First Registration for declared land
|
US |
$350.00 (does not include title search and survey fee)
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| Payment of property taxes |
US |
$100.00 per lot per year |
| Review of contract for recommendations |
US |
US $500.00 minimum or ½% (whichever is greater) |
Plus General Sales Tax of 12.5%, administrative fees and filing fees.
Rev. 07/11
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