OREA Form 124
Get your OREA Form 124, Notice of Fulfillment of Condition(s) - Agreement of Purchase and Sale in 3 easy steps
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01 Fill and edit template
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02 Sign it online
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03 Export or print immediately
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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
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Who signs the notice of fulfillment?
The notice of fulfillment of conditions is signed by the buyers and sellers and their real estate agents.
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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.
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Termination of Agreement by OptionorTermination of Agreement by Optionor ✓ Easily fill out and sign forms ✓ Download blank or editable online
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Fillable online OREA Form 124, Notice of Fulfillment of Condition(s) - Agreement of Purchase and Sale