Ending Instructions Form – Real Estate (Jamaica)
This form helps you and your real estate agent finish all the steps for buying, selling, renting, or leasing a property. It makes sure everyone knows what to do before the deal is completely done.
Property Information:
Property Address: The exact location of the property.
Client Name: Your name.
Real Estate Agent Name: The name of your real estate agent.
Transaction Type: Choose if it’s a sale, lease, or rental.
1. Final Payments:
Any Remaining Money to Pay:
If there’s any money still to be paid (like the last rent or final payment for a sale), it shows the amount and when it’s due. You will also pick how to pay (cash, bank transfer, cheque, etc.).Agent’s Commission:
If the agent still needs to be paid, it will show the amount and who is responsible for paying it.
2. Transfer of Property:
When You Take Over Ownership or Move In:
This is the date when the property officially becomes yours (for a sale) or when you can move in (for a rental).Handover of Important Documents:
This includes documents like the sale agreement, lease contract, or property title. It shows if the documents have been given or when they will be.Keys:
This is when you will receive the keys to the property.
3. Condition of the Property:
Final Inspection:
You and your agent can inspect the property one last time. If everything is good, check “Satisfactory.” If there are any problems, they will be listed here.Repairs (If Needed):
If something needs fixing, it will show the repairs to be made and by when.
4. Utilities (Electricity, Water, etc.):
Final Meter Readings:
This is where you record the last reading on the electricity, water, or other utility meters so you know how much to pay.Transferring or Disconnecting Utilities:
Make sure the electricity, water, or other services are either turned off or transferred to your name by a certain date.
5. Fees and Taxes:
Stamp Duty and Transfer Tax (for sales):
This will show if these taxes have been paid or when they are due.Property Tax Clearance:
Make sure the property taxes are paid before the transfer is finalized.
6. Extra Items:
Final Walkthrough:
You can walk through the property one last time to check if everything looks good.Service Contracts (if needed):
If there are services like security or garbage collection, it will show if the contracts need to be transferred to your name.New Contact Info:
The new owner, landlord, or tenant’s contact information will be listed here.
7. Signatures:
Once all the steps are done, you and the agent sign here to confirm everything is complete.
Your Signature: _______________________
Agent’s Signature: _____________________
Notes/Comments:
If there’s anything else to note, it can be added here.
This form helps make sure all final details are clear so that the transaction is completed smoothly, avoiding confusion for both you and the real estate agent.