NOTE: This fee schedule is provided as a general guide only: these fees are representative amounts for typical instances of the services described. Actual fees could vary, depending on the complexity of the work, the amount of time and expertise involved, and the urgency of expediting the services (as well as other factors).
Service
Typical Fee
Notes
(“service” refers to legal service and advice, and goes beyond simple document preparation and “notarization”)
-
(all fees are subject to taxes and disbursements)
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$800
If the sale price is higher than $800,000, then the fees are one tenth of a percent (.001) of the sale price. For example, if the sale price is $1,000,000, then the fee would be $1,000.
$1200
If the sale price is higher than $800,000, then the fees are .0015 of the sale price. For example, if the sale price is $1,000,000, then the fee would be $1,500.
$800
Disbursements and other costs and charges can add quite a bit onto the total cost of purchasing a home. Most property transfers in British Columbia are subject to Property Transfer Tax of at least 1% of the value of the property (and usually more than that). If the purchase price is higher than $800,000, then the fees are one tenth of a percent (.001) of the sale price. For example, if the sale price is $1,000,000, then the fee would be $1,000.
$1200
See the notes above, relating to other costs and charges in the purchase of property.
If the sale price is higher than $800,000, then the fees are .0015 of the purchase price. For example, if the sale price is $1,000,000, then the fee would be $1,500.
$800
The complexity of mortgage work (and the legal fees and other costs associated with that work) can vary from lender to lender, and from home to home. Along with different fees based on such complexities, fees also increase on the basis of the amount of the mortgage; loans over $800,000 will involve fees of .1% of the amount of the mortgage loan.
$600 for each party (vendor and purchaser)
Representation of both parties in a simple residential conveyance is fairly common, but it is still treated as an exception to the general principle that each party is entitled to dedicated and independent legal representation in any matter. I may act on behalf of both parties in a simple residential conveyance, but only if requested to do so, and only if both parties clearly understand the limitations and conditions of having one lawyer represent both of them.
In each of the above cases, the stated fees represent the work for simple cases; although most matters do fit into the "simple" category, there are exceptions, so you should not assume that your work will always be classed as "simple": your fees could be higher than the fees noted above, and you should verify the total fees before proceeding with your work.