Property and Legal Description tab
On the Property and Legal Description tab, the Legal Description has been updated for transactions with multiple titles. Every time you add a Cert. of Title No., another Legal Description box will appear to allow you to enter an additional property. This repeats every time you add a new Cert. of Title No.
In the dropdown entitled Title is being, select one of three options to accommodate the transaction: Purchased, Mortgaged, or Both.
To prepare for exporting from a file to Teranet® Manitoba, click the Instruments on Title link. This will open a popup with the list of issues imported from the Title Search. By default, all instruments from the title search will be assigned to all titles. Deselect the instruments that are not applicable for each title.
Exporting to Teranet Manitoba will send all the titles from the Property and Legal Description into the mortgage.
Additional Document Customization
For a better experience when handling multi-titles, several fields and looping options were added for document customization. The looping conditions (all starting with Legal Description) can be found when updating conditions to clauses in documents. Likewise, the document fields are found under Clearance Letters - looping (multiple municipalities) or by searching for "ref" and looking under Legal Description - Title Details (Looping).
We’ve modified the following documents to reflect multiple titles registered in different municipalities. If you’re using customized documents, please copy the document and restore it to the LDD default to view the changes.
Purchase documents
- Initial Letters and Documents
- Intro Letter to Purchaser
- Conflict Waiver — Purchaser
- Fact Sheet
- Vendor's Solicitor — Initial Letter
- Search Letters/Requests
- Request for Survey
- Request for Survey Headmaster
- Request for Tax Certificate
- Survey and Zoning Waiver
- TIPP Application Form
- Bank Forms
- Bank Forms — Final Report
- Bank Forms — Interim Report
- Bank Forms — Request for Mortgage Funds
- Mortgage Letters and Documents
- Guarantee of Mortgage — Schedule
- Order to Pay
- Order to Pay — Cash Transaction
- Mortgagee — Letter Enclosing Documents
- Mortgagee — Letter re: Protocol
- Request for Insurance Particulars
- Statutory Survey Declaration
- Waiver of Title Insurance
- Closing Letters and Documents
- Acknowledgement and Direction by Purchaser (Tax)
- Acknowledgement/Waiver by Purchaser (Caveat)
- Affidavit of Examination for Survey
- Declaration as to Possession
- Declaration as to Possession re Cash Transaction
- GST Certificate (Purchaser)
- Warning Letter — Water Service
- Land Registration Documents
- Caveat
- Mortgage
- Request/Transmission
- Transfer of Land
- Post-Closing Letters and Documents
- Final Report to Mortgagee - Cover Letter
- Report to Client
- Western Protocol
- POA Purchase
- Solicitor's Opinion (Western Protocol)
- Sub Documents (not for individual production)
- Affidavit of Lost Title for Corporation
- Affidavit of Lost Title for Estate
- Affidavit of Lost Title for Individuals
- Affidavit of Lost Title for Power of Attorney
- Bill of Sale
- Schedule "A" - Legal Description
- Rental Documents
- Assignment and Assumption of Leases
- Rental — Declaration as to Possession
Mortgage documents
- Initial Letters and Documents
- Initial Letter to Client
- Search Letters/Requests
- Request for Tax Certificate
- Mortgage Letters and Documents
- Order to Pay
- Waiver of Lender Condition Satisfaction
- Conflict — Acknowledgment From Mortgagor
- Conflict — Acknowledgment From Mortgagee
- Discharge Statement Request
- Mortgagee — Letter Enclosing Documents
- Mortgagee — Letter re: Protocol
- Closing Letters and Documents
- Declaration as to Possession
- Post-Closing Letters and Documents
- Letter Discharging Mortgage
- Letter Discharging Mortgage
- Miscellaneous Payment — Cheque Enclosed
- Letter Paying Liens
- Letter Discharging Mortgage
- Report to Mortgage Lender (Bank Form Final Report Enclosed)
- Report to Mortgagor
Sale documents
- Initial Letters and Documents
- Conflict Waiver — Vendor
- Intro Letter to Vendor
- Letter to Purchaser’s Solicitor Sending Enclosures
- Search Letters/Requests
- Request for Tax Certificate
- Mortgage Letters and Documents
- Order to Pay
- Seller’s Undertaking
- Discharge Statement Request
- Closing Letters and Documents
- Declaration as to Possession
- Post-Closing Letters and Documents
- Letter Discharging Mortgage
- Letter Paying Real Estate Commission
- Common Expense Arrears — Letter Paying
- Letter Paying Credit Card
- Letter Paying Judgment
- Letter Paying Other — Trust Statement
- Letter Paying Out Bridge Financing
- Letter Paying Tax Arrears
- Letter Paying Water Account
- Line of Credit — Letter Paying
- Personal Loan — Letter Paying
- Letter to Purchaser’s Lawyer Sending Discharge
- Report to Client
- Letter Cancelling Insurance
Farm Land Condition
We’ve added a farm land condition for document clauses.
ICYMI: Holdback updates
In case you missed it, we added more functionality to Holdbacks. If there’s a Holdback by the Purchaser or Vendor’s Lawyer, this information can be entered into the Contract Details tab.
If the holdback is held by the Lender, theMortgage Advance can be set on the Mortgages screen to include a Holdback (type or select “Holdback” in the list). Setting the Mortgage Advance with “Holdback” will enable the additional Holdback functionality. There's also an option to enter it on the main Mortgages screen if the Lender’s lawyer will be holding the Holdback directly.
Either way, after the amount is entered into the file, an Edit button will appear. It allows you to add notes regarding the terms around the holdback.