Legal Fees and Disbursements


  • Charges paid on your behalf by a solicitor that are in addition to professional costs. Associated with the sale or purchase of a property, these include costs for searching, drawing and registering the mortgage documents.

home buying legal fees, real estate legal fees

Related Terms and Acronyms

  • Closing Costs Definition,
    • The miscellaneous expenses involved in closing a real estate transaction that are over and above the purchase price. Some of the closing costs include title insurance, appraisal fee.
  • Disclosure Definition,
    • A statement listing potential defects to a property, such as the possible existence of lead paint or radon.
    • A statement required by most provinces that requires the creditor to tell the debtor the annual percentage rate, finance charges and other terms of a loan.
  • Finance Charge Definition,
    • Charges that include all of the interest expected to be earned over the life of a loan, in addition to the service charges, mortgage insurance premiums, and other loan-related charges.
  • Insurance Attorney Definition,
    • An attorney who works with insurance law.
  • Porting Definition,
    • A portable mortgage allows you to transfer the terms and conditions from an existing property loan to a new property loan.
  • Pre-paid Expenses Definition,
    • also called prepaid items or prepaids -- Recurring costs such as taxes, insurance and interest that are paid at closing and which cannot be financed.
  • Real Estate Attorney Definition,
    • A lawyer who specializes in the transfer of land and buildings and property tax issues.
  • Roll In Definition,
    • To include certain closing costs, such as origination and settlement fees, in the mortgage.
  • Solicitor Information Definition,
    • When you apply for a mortgage you will need a law firm with a lawyer's name and their contact information which would typically include the office location, phone number, fax number and e-mail address.
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