Brian Madigan LL.B., Broker
BRMadigan@Rogers.com

RE/MAX West Realty Inc.,
Brokerage
Independently owned and operated

96 Rexdale Blvd. 
Toronto, Ontario 


Phone: 416-745-2300

Cell: 647-404-8150 
Toll Free: 1-888-507-0817

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Handling the Keys on Closing

May 3, 2018 - Updated: May 3, 2018

Handling the Keys on Closing

Question:
 

How do you handle the keys on closing?

 

Answer:
 

Assuming that I am the Listing Agent:
 

  1. After the final inspection, I change the Lockbox (to my oldest one),
     
  2. Following notification of the closing from the Vendor’s solicitor,
     
  •              I call the Buyer’s agent
  •             Advise of the new Code
  •             Tell them that the Lockbox is theirs to keep
     
  1. All other sets of keys are left by the kitchen sink,
     
  2. So far, everybody has been happy
     

There’s no need for the Buyer to travel 90 minutes to pick up the keys from the lawyer and 90 minutes back, while the moving people charge $450.00 / hour.


Tagged with: keys closing lockbox change code ontario conveyancing
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Brian Madigan LL.B. Broker

RE/MAX West Realty Inc. Brokerage

Independently owned and operated

96 Rexdale Blvd. , Toronto Ontario,

Phone: 416-745-2300

BRMadigan@Rogers.com

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