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Legal Fees and Disbursements

Blog by | February 10th, 2007

Legal fees are the closing costs paid to a lawyer or notary to complete the transaction on your behalf. Fees are paid for completing the conveyance and preparing and registering the mortgage. Disbursements are the costs for out-of-pocket expenses such as government registration charges, property and tax information searches, courier costs, long-distance calls plus PST and GST. The exact amount of these charges will vary depending on the transaction but they generally range from approximately $1,000 to $2,000. Most lawyers and notaries will provide quoates as to charges, it is important to ask whether the quote includes all expenses to complete the transaction.