Ace the Humber/Ontario Real Estate Course 1 Exam 2026 – Unlock Your Property Pro Potential!

The Transfer/Deed of Land is a crucial legal document that formally conveys ownership of real property from one party to another. One of its essential components is the legal description of the property, which specifies the exact boundaries and location of the land being transferred. This description is critical for identifying the property in legal terms, ensuring that there is no ambiguity about which piece of land is being conveyed in the transaction.

In the context of real estate transactions, the legal description typically includes elements such as lot numbers, block numbers, and the name of the subdivision, or it may describe the property using metes and bounds. This level of detail is necessary to accurately delineate the property for purposes of title transfer and to resolve any potential disputes that may arise regarding property boundaries.

The other options pertain to various aspects of real estate transactions, but they are not typically included in the Transfer/Deed of Land. For example, while the purchase price and mortgage details are relevant to the overall transaction, they are documented in separate agreements such as the purchase agreement or mortgage documents. Similarly, market value assessments, zoning classifications, builder's warranty details, and insurance policy information pertain to the property's use, valuation, and protection but do not form part of the deed itself