Common use of Transfer Deed Clause in Contracts

Transfer Deed. The Transfer/Deed shall be prepared by the Vendor's solicitor at the Purchaser's expense, (being $250.00 plus HST) and shall be registered forthwith on closing by the Purchaser and at the Purchaser's expense. The Purchaser agrees to advise the Vendor, or the Vendor's solicitor, at least 20 days prior to the date of closing, as to how he or she will take title to the Property and of the birth dates of any parties taking title to the Property, failing which the Purchaser will elect to acquire title to the Property (if there is more than one Purchaser) as joint tenants.