Co-op Rental Deal¶
Step 1: Documents Required¶
a) Client information related:
- IDs for each Buyer (Optional)
- Buyer Representation Agreement - Authority for Purchase or Lease - Form 300
- Working With Realtor - 1 Page Faxable
b) Offer information related:
- Offer Summary - Form 801
- Agreement to Lease - Residential - Form 400
- Confirmation of Co-operation - Form 320
- Rental Application - Residential - Form 410
- Schedule B from Listing Brokerage
- MLS Listing (Unless Exclusive Listing)
Step 2: Send to Listing Brokerage with offer (As above "b) Offer information relate")¶
- Offer Summary - Form 801
- Agreement to Lease - Residential - Form 400
- Confirmation of Co-operation - Form 320
- Rental Application - Residential - Form 410
- Schedule B from Listing Brokerage
- MLS Listing (Unless Exclusive Listing
Step 3: Deal Firm- Send to Office (within 24 Hours)¶
- IDs for each Buyer (Optional)
- Buyer Representation Agreement - Authority for Purchase or Lease -Form 300
- Working With Realtor - 1 Page Faxable
- Agreement to Lease - Residential - Form 400
- Confirmation of Co-operation - Form 320
- Rental Application - Residential - Form 410
- Schedule B from Listing Brokerage
- MLS Form (Unless Exclusive Listing)
- Copy of Deposit Receipt
- Copy of Deposit Chq/Money Order
- Mutual Release - Form 122 (If Deal Fell Through)
- Once closing notice and balance cheques from Listing brokerage (Around 5-7 business days)