Legal
Is it possible to rent with an option to buy?
No. Square Benny condos are sold directly by the developer.
Can I purchase my condo with plans to rent?
Yes. In this case, you must apply all consumer sales taxes to the pre-tax price of the unit (13.95%).
On the preliminary plan attached to the preliminary contract, the gross surface area is shown. Why not provide the net surface at this stage?
The gross surface is calculated from mid-wall to mid-wall on the plan, before construction. Once the notarized sales deed has been signed, the net surface (floor area) will be established by an independent land surveyor following a visit to the condo to take measurements on the premises. Consequently, it will be impossible to provide the net floor area before construction of the unit has been completed. The buyer must expect a discrepancy between the gross surface and net surface, since different calculation methods are used, even though the same unit is involved.
Can I have the sales deed notarized by the notary of my choice?
In a condo project of this scope, it is easier and more efficient to work with the same notary. We deal with the firm of De Granpré Joli-Cœur and it is not possible for you to have your own notary.
At what point do we meet with the notary?
The notary’s office will ask you to come in and sign the deed of sale once the condo is ready for occupancy. This is the final step in the purchasing process. You will then leave the notary’s office, keys in hand, as the owner of your new condo.
Does Développements McGill have a consumer protection plan?
Square Benny is covered by the |
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