The appraisal received and accepted
Fire insurance in force, lender named
An up-to-date location certificate
Usual conditions
- The appraisal received and accepted
- Fire insurance in force, lender named
- An up-to-date location certificate
- Signed leases provided to the lender
- Municipal taxes paid up to date
Time to allow
Each condition takes time to clear. Start as soon as the offer arrives.
Who obtains what
- The appraisal: ordered by the lender
- Insurance: arranged by you
- The location certificate: supplied by the seller
- Leases: handed over by the seller
- Taxes: confirmed by the municipality
The condition that delays most
The location certificate is often missing. Producing a new one takes several weeks.
Signing day
The notary confirms every condition is cleared before receiving the funds.
Insurance, the easiest condition to forget
The lender must be named on the policy, with the right amount.
A policy in the seller’s name is not enough on signing day.
Arrange yours a week ahead, not the day before.
A list to keep current
Note each condition and who must clear it.
Follow up with that person a week before the target date.
A forgotten condition pushes signing back by days.
