Nova Scotia Direction to Pay Proceeds from Sale of Property

Use this easy Direction to Pay template to have your client authorize how the proceeds from the sale of their real estate property are to be paid out.

• This is a letter form that the client signs in order to direct and authorize the lawyer to:
  • receive and hold the funds in trust,
  • pay out any outstanding mortgage amounts owing on the property that are not being assumed by the purchaser,
  • pay any property taxes that are to be paid,
  • pay the real estate commissions,
  • pay or accept the purchaser's undertaking to pay any existing encumbrances, and
  • release the Direction to any third parties as necessary to complete the closing.
• Available in MS Word format.
• Intended to be used only in the Province of Nova Scotia, Canada.