Wraparound Mortgage for Condominium | Canada

Place a wraparound mortgage on a condominium project under this template Canadian mortgage form.

  • The wraparound mortgage covers the entire condo project.
  • The loan includes the remaining balance of an existing first mortgage plus an additional amount requested by the mortgagor (borrower).
  • Full payments on both mortgages are made to the wrap around mortgagee (lender), who then forwards the payments for the first mortgage to the first mortgagee.
  • Interest is calculated and compounded monthly.
  • Property taxes are to be paid by the mortgagor in 12 equal monthly instalments.
  • The mortgagee may pay the taxes as they come due and charge interest at the mortgage rate on any debit balance in the tax account.
  • To access this legal form, add it to your cart and click the Checkout button to pay for the form. You can then download it.
  • Intended for use only in Canada.
Document Type: Microsoft Word
Last Updated: 25-May-2021
SKU: 249
$29.99
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Alberta Land Trust and Indemnification Agreement

Draw up a Trust Agreement for land in Alberta with this downloadable template.

  • The Agreement is made in respect of land which will be registered in the name of the trustee as bare trustee, to be held in trust on behalf of another party who is the beneficial owner.
  • The parties will each pay their separate debts, except for expenses already incurred, which will be paid by the owner.
  • The parties will keep each other indemnified against claims arising with respect to the land.
  • The trustee has the power to lease or mortgage the land, with the consent of the owner.
  • Available in MS Word format.
  • Intended for use only in the Province of Alberta, Canada.
$12.49 $11.99