Request for Commercial Title Insurance Over $25 Million Alberta

Submit the completed form via email to commercialsolutions@fct.ca or fax to 905.287.1009 or 1.866.566.8599. For mail submissions, send to the address provided by FCT Insurance Company. Ensure all required fields are filled accurately before submission. Use the contact information provided for any queries. Our advice is to double-check all details and provide as much information as possible to avoid any delays.

For 2024 and 2025, ensure to submit this form well before the transaction closing dates to secure necessary title insurance coverage on time.

The purpose of this form is to request commercial title insurance for transactions over $25 million in Alberta. It ensures that the property involved in the transaction is covered for potential title defects, liens, or other issues that could affect ownership. Using this form provides peace of mind for all parties involved by securing necessary insurance coverage to protect their interests.

• 1. Ordering Law Firm Information: Includes details about the law firm handling the transaction, such as the firm's name, contact person, address, telephone, and fax numbers.
• 2. Additional Lawyers Involved: Details about other lawyers involved in the transaction, specifying their roles, contact information, and firm details.
• 3. Policies Required: Identifies the type of policies needed, whether a loan policy, owner’s policy, and FCT reference details if a quote was provided.
• 4. Transaction Information: Provides key details about the transaction, including the closing date, purchase price, property type, and any specific conditions like being CMHC insured or a cannabis deal.
• 5. Property Information: Details about the property location, legal description, access, continuity, and any specifics about its legal description.
• 6. Purchaser/Mortgagor Information: Information about the purchaser or mortgagor, their service address, beneficial owner consent, and corporate status updates.
• 7. Mortgage Information: All relevant mortgage details, including the mortgagee, amount, priority, and any additional coverages or terms allowed by the loan agreement.
• 8. Purchase Transactions: Questions and requirements specific to purchase transactions like the Real Property Report, deposit payments, and mortgage on title details.
• 9. Mortgage Only Transactions: Details for transactions where only a mortgage is involved, focusing on net proceeds, power of attorney, and mortgage discharges.
• 10. Search and Off Title Information: Ensures all tax payments, utility liens, unregistered leases, and registered instruments affecting the property are disclosed.
• 11. Statements: Affirms that necessary corporate profiles and consents are obtained, and privacy policies are adhered to when providing personal information.

Failing to submit this form can delay or prevent securing the necessary title insurance coverage for your transaction. This may result in potential title defects or liens remaining undiscovered, posing significant risks.

• Delay in Coverage: Without submitting the form, you cannot obtain the necessary title insurance coverage promptly.
• Exposure to Risks: Potential title defects, liens, or other issues may not be discovered, putting the property transaction at risk.

• 1. Large Property Purchases: For commercial property acquisitions over $25 million.
• 2. New Mortgages: When securing a new mortgage for a large commercial property.
• 3. Refinancing Deals: For refinancing existing loans on commercial properties.
• 4. Complex Transactions: Handling property deals involving multiple stakeholders or legal complexities.
• 5. Risk Management: For securing insurance to protect against potential title issues.