Definition : Purchase - Allocation (Adjusments)

Action of  determining, from the sale’s price of an immovable, the amount to be remitted to the vendor taking into account the amounts for which he remains responsible notwithstanding the sale and the amounts for which the purchaser becomes responsible that may have been paid in advance by the vendor, such as municipal  and school taxes and common expenses (condo fees).  

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The final step in the purchase of your apartment is the signing of the deed of sale. As soon as all the prior conditions of the sale are satisfied, the vendor must transfer the property upon the payment of the price.
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