FOR SALE BY OWNER CONDO
For Sale by Owner Condo
A private condominium sale still involves title, condominium documentation, and closing arrangements.
Clarify the terms
Contact us early with the agreed terms and any draft contract. Identify parking, storage, deposits, possession, and relevant deadlines.
Coordinate completion
Provide mortgage, tax, and condominium details. We work with the buyer’s lawyer on the legal requirements within our agreed scope.
Private sale terms for a condominium
A private condo sale needs a written agreement addressing the unit, parking, locker, deposit, conditions, completion date, and included items. Direct negotiation does not remove the need for clear legal obligations.
Independent interests
Discuss representation and document responsibilities early. The seller and buyer may require separate advice even where the transaction is friendly or the terms appear simple.
Status certificate and shared facilities
Arrange the corporation documents needed for the transaction and allow time for review under any agreed condition. The package addresses the corporation as well as the unit.
Explain the ownership arrangement
Identify common expenses, exclusive-use facilities, parking arrangements, and relevant rules. Provide notices about assessments or disputes so questions can be addressed before closing.
Deposit handling and closing coordination
Agree a reliable process for the deposit, written notices, signing, and exchange of funds. The legal closing still involves title inquiries, secured debt payouts, adjustments, and registration.
What our office needs
Send the proposed or signed agreement, property details, buyer’s lawyer information, mortgage records, and relevant corporation correspondence. We discuss the scope and next steps for your private sale.
Prepare the private condo transaction
A private condominium sale combines direct negotiation with corporation-specific documentation. Clarify the process for ordering and reviewing records, giving notices, and completing conditions. We discuss the agreement and closing retainer so each party understands the legal steps and responsibilities.
Documents to prepare
- Agreed commercial terms and buyer’s contact details
- Unit, parking, locker, and corporation records
- Deposit and condition arrangements
- Mortgage and possession requirements
Let’s discuss your next step
Contact Maki Law for practical guidance on your property transaction or construction matter.
416-991-4775 · contact@maki.law
136A Avenue Rd, Toronto, Ontario M5R 2H6
MAKI LAW
Address
136A Avenue Rd
Toronto, Ontario M5R 2H6
Contact
416-991-4775
Fax: 416-981-3420
contact@maki.law
Service Areas
© 2026 Maki Law Professional Corporation. All rights reserved.
General information only. Contact our office for advice about your circumstances.