Module 7 · Lesson 2 of 6 · 8 min read
The Statement of Adjustments
Property tax, strata fees, and utility prorations
What Is the Statement of Adjustments?
The statement of adjustments is a financial document prepared by the buyer's lawyer/notary showing the exact amount of money due on completion day. It accounts for the purchase price, deposit, property tax adjustments, strata fee adjustments, and closing costs.
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