Commercial Property Transactions in Ontario

Commercial Property Transactions in Ontario

Activating the Commercial Transaction Bundle

On File Opening

When you create a new file and are on the File Opening screen, you will see the File Configuration section after you've selected the transaction type. To activate on file opening, select  Yes beside Use  Commercial Transaction Bundle. This option is available on Purchase or Sale transactions.

In a RealtiWeb Ontario file

On the Basic Information tab go to the File Configuration section. Click the blue Activate link beside the Use Commercial Transaction Bundle. This is available on Purchase or Sale Transactions.
File configuration options on a Purchase file.
Activating this bundle is permanent on your RealtiWeb file and cannot be undone. Additional transaction fees may apply. See our full fee schedule for details.

Commercial Category on the Issues Screen

After you've activated your bundle, a new Commercial category is displayed on your Master Issues tab. This will allow you to add items related to commercial property transactions to your Requisition, Undertaking or Reporting Letters. You will also be able to generate Letters of Inquiry ( Search Letters) and other related documents when applicable.

Items that can be selected under the Commercial Issues category.
  1. Bankruptcy
    1. Commercial Tenancies
    2. General Assignment of Lease
    3. Specific Assignment of Lease
    4. Assignment of Rents (General)
    5. Assignment of Rents (Specific)
    6. Assumption of Lease
    7. Termination of Lease
    8. New Lease
  2. Condominium Lien (New)
  3. Guarantee and Postponement of Claim
  4. Corporate Status (Federal)
    1. Certificate of Compliance
    2. Corporate File Search
  5. Corporate Status (Provincial)
    1. Certificate of Status
    2. Corporation Name
    3. Corporation Profile Report
    4. Corporations Information Act
  6. Corporate Authority
    1. Certificate of Corporate Authority
    2. Certificate of Incumbency
  7. Miscellaneous Commercial
    1. Bulk Sales Act
    2. Canada Shipping Act
    3. Copyright
    4. Mining Act
    5. Trade Marks
  8. Partnership
  9. Personal Property Security Act
    1. Financing Statement
    2. Financing Change Statement
Did you know that an OREA forms subscription gives you access to even more Commercial forms, schedules and clauses? Learn more about OREA Forms access.

Commercial Documents

After you've activated your bundle, a new Commercial category is displayed on your Documents screen . The following documents are now available to generate for your file (selection will vary depending on transaction type).
  1. Acknowledgment and Direction (General)
  2. Acknowledgment of Non-Interest PPSA
  3. Assignment of Leases
  4. Assignment of Leases - Specific
  5. Assignment of Rents - General
  6. Bill of Sale - Commercial - as per APS
  7. Declaration, Indemnification and Undertaking re HST (Purchaser's)
  8. General Security Agreement
  9. Guarantee and Postponement of Claim
  10. Mortgage Funds - Direction
  11. Notice of Assignment and Direction to Tenants
  12. Notice to Tenant of Specific Assignment of Lease
  13. Preliminary Opinion to Lender - Title Insurance
  14. Report to Vendor - Commercial
  15. Solicitor's Undertaking - Mortgage/PPSA Discharge
  16. Statutory Declaration - Construction Lien and Rent Roll
  17. Statutory Declaration re Survey
  18. Survival Clause re Mortgage Commitment
  19. Tenant's Acknowledgment Certificate (to Lender)
  20. Tenant's Acknowledgment Certificate (to Purchaser)
  21. TSSA - Application for Release of Public Information

Corporate Documents subcategory

  1. Certificate of Corporate Authority - Borrower
  2. Certificate of Corporate Authority - Guarantor
  3. Corporate Opinion - Borrower
  4. Corporate Opinion - Guarantor
  5. Resolution of Board of Directors - Guarantor - true copy
  6. Resolution of Board of Directors - Mortgagor - true copy
  7. Resolution of Board of Directors - Mortgagee - true copy
  8. Special Resolution Authorizing Sale of Real Property

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      Province-specific information for AB clients

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