TO:



TO: BANK OF MONTREAL

LENDING OPERATIONS SERVICE CENTRE

865 HARRINGTON COURT

BURLINGTON, ONTARIO

L7N 3P3

Mortgage Number      

Property Address      

DECLARATION OF POSSESSION

(To be completed by the current owner of the property)

Vendor Name (s)      

     

OR

Mortgage Applicant Name (s)      

(if property is not currently

being sold)

I/We, the vendor(s) or mortgage applicant(s), confirm:

• I am/we are the registered owner(s) of the land (and premises) described in the Declaration;

• since the land was conveyed to me/us on      ,      , I/we have been in actual, peaceable, continuous, exclusive, open, undisturbed and undisputed possession and occupation of the whole land and buildings on the premises;

• there are no outstanding liens or encumbrances on the property, and that I/we have never heard of any other entity or person having any claim or interest in the land (in whole or in part) which in adverse to or inconsistent with my/our registered title;

• the building(s) used in connection with the land and premises are wholly situated on the land as shown on the attached survey dated      ,      , and do not encroach on the adjoining lands; *

• there have been no additions or alterations to the buildings(s) and that no new building(s) have been erected on the property;

• to the best of my/our knowledge and belief the building(s) comply with the applicable set-back requirements’;

• to the best of my/our knowledge and belief, there is no dispute as to the boundaries of the said lands;

• to the best of my/our knowledge and belief, there has been no change in the location of the fences (hedges, shrubbery, or other boundary indications) shown on the attached survey;

• to the best of my/our knowledge and belief, I/we have never heard of any claim, encroachment or easement affecting the land, either for light, drainage, or right-of-way, except for those easements, encroachments and right-of-way that may be shown on the attached survey;

I/we am/are a resident/residents of Canada within the meaning of the Income Tax Act and that I/We intend to be resident/residents of Canada on the closing date of the transaction.

*This clause may be deleted for conventional uninsured mortgages if this Declaration of Possession relates to a period of not less than 10 continuous years.

Dated the       day of      ,      .

(Signature)

(Signature)

-----------------------

Delete if not applicable

................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download