Business Information: "titleplus.lawyerdonedeal.com quick facts
Transactions that Qualify1
- A new or resale residential transaction, up to $2 million.2
- Up to 4 dwelling units on the property.3
- Secondary homes, cottages or recreational properties.
- Fee simple or condominium properties.
Cost Savings and Peace of Mind
- TitlePLUS = title insurance PLUS legal services coverage.4,5
- Eliminates the need for up-to-date surveys on most properties: A saving of $600 or more.
- Reduces disbursement costs on many closings by eliminating certain searches (see Summary of Searches at titleplus.ca).
- Homeservice Club membership6 included at no additional cost – a $48 value.
Survey Coverage
Survey coverage will be provided, without an up-to-date survey, in the following situations:
- the property is the whole of a lot on a registered plan of subdivision (see below for definition); or
- the property is in Land Titles (Absolute, Conversion Qualified or Plus); or
- there is an existing survey which has been reviewed by the purchaser for accuracy or the vendor is providing a statutory declaration commenting on its accuracy; or
- declarations of possession for a 10-year period are available; or
- a surveyor’s inspection report is prepared by an Ontario Land Surveyor.
Whole of a Lot
For TitlePLUS purposes, a “whole of a lot on a registered plan of subdivision†includes a property:
- consisting of two or more whole lots on a registered plan of subdivision; or
- consisting of part of a lot on a registered plan of subdivision, where there was a part-lot control exemption by-law registered to allow the initial conveyances in the subdivision; or
- which was the subject of a consent proceeding for severance purposes (either as the parcel to be conveyed or the remaining parcel), provided that the severance occurred in accordance with an up-to-date Reference Plan and any necessary conditions attached to the approval were satisfied; or
- which was the whole of a lot on a registered plan prior to an expropriation, road widening or road closing, resulting in the removal or addition of a part lot.
1 TitlePLUS policies are also available for current owners (through our OwenEXPRESS® program) and commercial, farm and leasehold transactions (freehold or condominium), although they are not eligible for titleplus.lawyerdonedeal.com. Please call for details. For new homes, check whether the project is registered in the New Home Program, in which case streamlined underwriting procedures will apply.
2 For transactions over $1 million, different search requirements apply. Please call us before submitting applications for transactions over $1 million.
3 For vacant lots, some restrictions apply. Call us or visit titleplus.lawyerdonedeal.com for details.
4 Underwritten by Lawyers’ Professional Indemnity Company.
5 Excluding OwnerEXPRESS®.
6 Some restrictions may apply.
®Registered trademark of Lawyers’ Professional Indemnity Company"
Featured Listing