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Get your OREA Form 124, Notice of Fulfillment of Condition(s) - Agreement of Purchase and Sale in 3 easy steps
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What is a Notice of Fulfillment of Condition?
Also titled Notice of Fulfillment of Condition, OREA form 124 is an Ontario Real Estate Association form. What is a notice of fulfillment? It is a document stating that a certain condition of a contract has been met by the customer.
What I Need the form 124 OREA For?
- As a real estate agent, you may need the notice of fulfillment OREA form to register the fact of certain conditions of the agreements you mediate have been fulfilled.
- As either party to a real estate agreement, you need OREA form 124 to eliminate certain conditions as fulfilled.
- Please note that this form is not to be used for waiver purposes, i.e. to render a particular condition not required.
How to Fill Out OREA Form 124?
The first step to take is to decide whether you prefer to fill out a paper copy or use a fillable OREA form 124 PDF that you can complete online and print out as needed. We recommend the latter option for environmental and efficiency reasons.
- The form consists of a single page. Enter the identification details of the buyer and seller as well as the real property in question in the top block.
- Enter the date of the agreement you refer to and cite the condition that has been met.
- Enter the date and time.
- The buyer and seller as well as two witnesses must sign and date the form.
Organizations That Work with Notice of Fulfillment OREA Form 124
- Ontario Real Estate Association
FAQ: OREA Notice of Fulfillment Popular Questions
Who signs the notice of fulfillment?
The notice of fulfillment of conditions is signed by the buyers and sellers and their real estate agents.
What is the difference between a notice of fulfillment and a waiver of notice?
A notice of fulfillment is a document that is provided to a lender or third-party that has been given security over a property. This notice indicates that the debt for which the security was provided has been paid off in full and that the security can be released. A waiver of notice is a document that is provided by a borrower to a lender or third-party. This waiver indicates that the borrower has been informed of their right to receive a notice of fulfillment and has chosen to waive that right.
Fillable online OREA Form 124, Notice of Fulfillment of Condition(s) - Agreement of Purchase and Sale