LawDepot’s Discharge of Mortgage template is customizable for your needs. Simply choose the property type and location of the mortgaged property and complete the following steps in our user-friendly questionnaire:
1. Give the mortgagor and mortgagee’s details
Include the names of both parties in your Discharge of Mortgage form. Including the parties’ names as they’re written on the mortgage and registry documents is essential to help verify the discharge with your registry office.
2. Include the mortgage details
These details provide the key information land title registries need to complete your mortgage discharge. This includes:
- The registration details. How these details are named or what they include will vary between provinces and territories. For example, Ontario requires a registration date and number issued from the land title registry. However, Alberta has a mortgage instrument number. If you don’t know these details, contact your land title registry office to find out what was generated when registering the title.
- How much of the mortgage is being discharged. You can discharge the whole mortgage or create a partial discharge if clearing a portion of the property (i.e., during subdivision).
- The property details. Some provinces and territories create specific information to help identify the property, and they vary between each jurisdiction. For example, New Brunswick has a parcel identifier, and Newfoundland has a written description. You can contact your local land title registry or look at your tax assessment for the correct information.
LawDepot’s questionnaire will prompt and guide you to include the correct information to create a Discharge of Mortgage form customized for your province or territory.
3. Choose your signing date and notarization details
As mentioned before, the mortgagee must sign a Discharge of Mortgage form. If your province requires notarization to complete the discharge, our questionnaire will prompt you to select the notary’s location.
You can select a date for the mortgagee to sign and notarize the form or leave the signing details open to choose a date when they are ready to meet a notary public.