The addendum needs to be completed for the sale to be eligible.
Project LP will pay mortgage and condo fees for six months, to a
cumulative maximum of $8000.
Purchaser must provide us with a copy of the “record of Employment”
issued by the employer, indicating lay-off as reason for dismissal.
Each month the Purchaser must provide us with a copy of Employment
Insurance receipt as proof of continued unemployment.
A copy of the mortgage statement must be provided to confirm the
We require proof of payment of the mortgage and condo fees for each
month that we are reimbursing them ( bank statement, or copy of
If Purchase agreement and mortgage is in more than one name, we will pay a pro-rata portion. Example if 2 people are on the purchase agreement and mortgage, and one person losses their job, we will pay
one-half of the mortgage and condo fees to a maximum of $4000. Etc.
We will provide the reimbursement within 10 business days of receiving proof of claim.