Why Fee Simple Law?

In Alberta, ownership of all real property, such as houses and farmland, is registered with the government at the Land Titles Office. A land title certificate is like a receipt. It shows who owns the property and who has an interest in the property.

In order to show that a property has been transferred from the seller to the buyer, the land title certificate must be updated. Fee Simple Law ensures that the seller’s name is removed from the title and the buyer’s name is added to the title.

Similarly, we ensure that the seller’s mortgage is removed from the title and the buyer’s mortgage is added to the land title. In order to do this, the money used to transfer ownership of property must be transferred securely, and that’s where we come in. We handle the exchange of the land title certificate for money, so that the new owner legally owns the property and the seller gets their money.

This exchange of land title for money takes place on the date agreed upon by the buyer and the seller according to the real estate contract. So, it is very important that you understand what you are entering into when you sign your real estate contract.