Real Estate and Conveyancing 1 Client File Assignment-Part 4 Sadioura & Napoleon Law Corp. Now working as assistant to Mr. Colucci, who represents the Sharmas
Real Estate and Conveyancing 1 Client File Assignment-Part 4 Sadioura & Napoleon Law Corp. Now working as assistant to Mr. Colucci, who represents the Sharmas prepare the following: 1. Prepare Mortgage in favor of the Vendors. Use a five-year term; clause not permitting assumption; no penalty for early payment clause. 2. Statement of Account dated June 16, this year to the purchasers as follows: Fee re transferring title and preparing second mortgage $ Registration of Form A $55.00 . Registration of Form B $55.00 Search fee $ 9.00 State of Title Certificate $11.00 . Agent's fee $56.00 . Photocopies $12.00 Courier $28.00 GST and PST (you calculate) $ From the information that you have received to date on the Sharma file and the Global Bank file, as well as the information below, pleas prepare the following: 3. Draft Statement of Adjustments 4. Balance Sheet 5. Purchasers' Statement of Adjustment 6. Vendors' statement of Adjustment Additional Information Sadioura and Napoleon Law Corp.'s fees and disbursements relating to clearing the title are as follows: . Mr. Colcucci's fee is $100 for each Mortgage . Registration (you Calculate As stated earlier, because of conflict of interest rules, a purchaser's lawyer should never prepare a Mortgage back for the vendors. However, in order to reduce the number of lawyers for the assignment, we have requested that Mr. Colucci prepare the Mortgage back to the vendors, even though he is acting for the purchasers.PARALEGAL / LAA PROGRAM . Agent's fee is $50.00 The purchasers will sign for the H.O.G. Mr. Colucci will hold back the sum of $1,000.00 for EACH of the mortgages to be discharged. 7. Letter to purchasers, dated June 20, to execute documents as follows: Re: Conveyancing Transaction with respect to Property: 11163 164th Street Jones to Sharma Our File: MDC/18995/-- Further to our telephone conversation of recent date, we wish to advise you that he documents relating to your purchase of the above-mentioned property are now ready for execution. Please telephone the writer to arrange for a convenient appointment to attend at our office to execute same. Yours truly, 8. Letter to the Vendors, dated June 20 to execute documents and to bring in current tax statement in order that we might pay same on closing. 9. Letter of undertaking to the vendors re: signing the Transfer dated June 20. Do not use the second paragraph from your undertaking precedent letter. Assume that you prepared the following memo to file dated June 26, (year) worded: IT Mr. Jones today: Arranged for the vendors to come to our office on June 26, at 2:00 p.m. in order to execute documents IT Mrs. Sharma today: Arranged for the purchasers to execute the documents at 10:30 p.m. on June 26 at our office. Assume the parties attended at your office on June 26 and Mr. Colucci witnessed and dated all documents
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