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Residential unit resales (UniverCity)

SFU is the lessor of the ground lease granted to the lands at UniverCity.  The lessor, the lessee, and the mortgagee of the UniverCity lands have certain obligations under the ground lease.  Therefore, all real estate transactions at UniverCity requires consent from SFU.

For purchasers buying new strata lots from a developer, please contact the applicable developer directly regarding the closing procedure.

For lawyers and notary publics acting for purchasers of Strata Lots in UniverCity from individual vendors, (i.e. resales of UniverCity lots) please follow the 'Closing Instructions for Resale' found below. Please do not make changes to the standard templates downloaded from this page. SFU will not execute a document if changes are made, and unauthorized changes will lead to an increase in processing time of your document.

Closing instructions for resale (Updated April 2024)

All closing documents submitted for execution by Simon Fraser University must include:

1. The 'Schedule A - Letter from Purchaser's Solicitors',

2. 'Assignment of Lease'

3. Cheques, made payable to Simon Fraser University for administration. Please note that SFU will not process documentation until the appropriate fees have been received. Administration fees for processing documents are as follows:

  • If given 3 business days, an administration fee of $165, plus GST, is required to execute the Assignment of Lease and/or the Tripartite Agreement.
  • If given less than 3 business days, an administration fee of $330, plus GST, is required to execute the Assignment of Lease and/or the Tripartite Agreement.
  • If a certificate is required by the "Mortgagee", an administration fee of $71, plus GST, is required to execute the certificate.
  • A soft copy of the university executed documents is included in the administration fee. Request for additional hardcopy originals will incur a fee of $50 for each additional copy.
  • Any request for changes after SFU has executed the document will incur an administration fee of $67, plus GST. If the Tripartite Agreement is sent to us after we have already returned an executed copy of the Assignment of Lease, a further fee of $67.00 plus GST will be required.

 

4a. Resale - a Tripartite Agreement for resale purpose can be downloaded directly from this dropdown menu. 

Tripartite Agreement - Resale (Novo 1)

  • 9282 University Crescent (townhome), V5A 4X9
  • 9284 University Crescent (townhome), V5A 4X9
  • 9286 University Crescent (townhome), V5A 4X9
  • 9288 University Crescent (north tower), V5A 4X7
  • 9292 University Crescent (townhome), V5A 4X9
  • 9294 University Crescent (townhome), V5A 4X9
  • 9296 University Crescent (townhome), V5A 4X9
  • 9298 University Crescent (south tower), V5A 4X8

Tripartite Agreement - Resale (Novo 2)

  • 9232 University Crescent (north tower), V5A 0A3
  • 9236 University Crescent, V5A 0A3
  • 9238 University Crescent, V5A 0A3
  • 9258 University Crescent, V5A 0A4
  • 9260 University Crescent, V5A 0A4
  • 9262 University Crescent (south tower), V5A 0A4

Tripartite Agreement - Resale (Harmony)

  • 9319 University Crescent, V5A 4Y5
  • 9329 University Crescent, V5A 4Y4
  • 9339 University Crescent, V5A 4Y1

Tripartite Agreement - Resale (Serenity)

  • 9229 University Crescent, V5A 4Z2
  • 9299 University Crescent, V5A 4Z2

Tripartite Agreement - Resale (One University Crescent)

  • 9300 University Crescent, V5A 4X9
  • 9310 University Crescent, V5A 4X9
  • 9320 University Crescent, V5A 4X9
  • 9330 University Crescent, V5A 4X9
  • 9370 University Crescent, V5A 4X9
  • 9380 University Crescent, V5A 4X9
  • 9390 University Crescent, V5A 4X9

Tripartite Agreement - Resale (Aurora)

  • 9266 University Crescent, V5A 4Z1

Tripartite Agreement - Resale (Verdant)

  • 9191 University Crescent, V5A 0A1

Tripartite Agreement - Resale (Altaire)

  • 9188 University Crescent, V5A 0A5
  • 9222 University Crescent, V5A 0A6

Tripartite Agreement - Resale (The Hub)

  • 9009 Cornerstone Mews, V5A 0B9

Tripartite Agreement - Resale (Nest)

  • 9250 University High Street, V5A 0B3

Tripartite Agreement - Resale (Origin)

  • 9150 University High Street, V5A 0C5

Tripartite Agreement - Resale (Highland House)

  • 9025 Highland Court, V5A 0A8

Tripartite Agreement - Resale (Lift)

  • 9350 University High Street, V5A 4X6

Tripartite Agreement - Resale (Altitude)

  • 9080 University Crescent, V5A 0B7
  • 9060 University Crescent, V5A 0B7
  • 9056 University Crescent, V5A 4X9

Tripartite Agreement - Resale (CentreBlock)

  • 9050 Highland Court, V5A 0E3
  • 9393 Tower Road, V5A 0E2

Tripartite Agreement - Resale (Veritas)

  • 9877 University Crescent (South Building), V5A 4Y6
  • 9168 Slopes Mews (North Building), V4A 0E4

Tripartite Agreement - Resale (The Peak)

  • 8838 University Crescent, V5A 4X9
  • 8840 University Cresecent, V5A 4X9
  • 8842 University Cresecent, V5A 4X9
  • 8844 University Crescent, V5A 4X9
  • 8846 University Crescent, V5A 4X9
  • 8848 University Crescent, V5A 4X9
  • 8850 University Crescent, V5A 4X9

Tripartite Agreement - Resale (Terraces)

  • 8940 University Crescent, V5A 0E7
  • 8966 University Crescent, V5A 4X9
  • 8980 University Crescent, V5A 4X9

Tripartite Agreement - Resale (Fraser)

  • 9733 University Crescent, V5A 0E8
  • 9735 University Crescent, V5A 0E8
  • 9739 University Crescent, V5A 0E8 
  • 9228 Slope Mews, V5A 0E9
  • 9278 Slope Mews, V5A 0G1

Tripartite Agreement - Resale (Crescent Court)

  • 8725 University Crescent, V5A 4Y8
  • 8761 University Crescent, V5A 0G3

Tripartite Agreement - Resale (Oslo)

  • 9580 Tower Road, V5A 0G5
  • 9888 University Crescent, V5A 0G4

Tripartite Agreement - Resale (Hamilton)

  • 8750 University Crescent, V5A 0C8

4b. Refinance - a Tripartite Agreement for the property owner’s refinance purpose can be downloaded directly from this dropdown menu. 

Tripartite Agreement - Refinancing (Novo 1)

  • 9282 University Crescent (townhome), V5A 4X9
  • 9284 University Crescent (townhome), V5A 4X9
  • 9286 University Crescent (townhome), V5A 4X9
  • 9288 University Crescent (north tower), V5A 4X7
  • 9292 University Crescent (townhome), V5A 4X9
  • 9294 University Crescent (townhome), V5A 4X9
  • 9296 University Crescent (townhome), V5A 4X9
  • 9298 University Crescent (south tower), V5A 4X8

Tripartite Agreement - Refinancing (Novo 2)

  • 9232 University Crescent (north tower), V5A 0A3
  • 9236 University Crescent, V5A 0A3
  • 9238 University Crescent, V5A 0A3
  • 9258 University Crescent, V5A 0A4
  • 9260 University Crescent, V5A 0A4
  • 9262 University Crescent (south tower), V5A 0A4

Tripartite Agreement - Refinancing (Harmony)

  • 9319 University Crescent, V5A 4Y5
  • 9329 University Crescent, V5A 4Y4
  • 9339 University Crescent, V5A 4Y1

Tripartite Agreement - Refinancing (Serenity)

  • 9229 University Crescent, V5A 4Z2
  • 9299 University Crescent, V5A 4Z2

Tripartite Agreement - Refinancing (One University Crescent)

  • 9300 University Crescent, V5A 4X9
  • 9310 University Crescent, V5A 4X9
  • 9320 University Crescent, V5A 4X9
  • 9330 University Crescent, V5A 4X9
  • 9370 University Crescent, V5A 4X9
  • 9380 University Crescent, V5A 4X9
  • 9390 University Crescent, V5A 4X9

Tripartite Agreement - Refinancing (Aurora)

  • 9266 University Crescent, V5A 4Z1

Tripartite Agreement - Refinancing (Verdant)

  • 9191 University Crescent, V5A 0A1

Tripartite Agreement - Refinancing (Altaire)

  • 9188 University Crescent, V5A 0A5
  • 9222 University Crescent, V5A 0A6

Tripartite Agreement - Refinancing (The Hub)

  • 9009 Cornerstone Mews, V5A 0B9

Tripartite Agreement - Refinancing (Nest)

  • 9250 University High Street, V5A 0B3

Tripartite Agreement - Refinancing (Origin)

  • 9150 University High Street, V5A 0C5

Tripartite Agreement - Refinancing (Highland House)

  • 9025 Highland Court, V5A 0A8

Tripartite Agreement - Refinancing (Lift)

  • 9350 University High Street, V5A 4X6

Tripartite Agreement - Refinancing (Altitude)

  • 9080 University Crescent, V5A 0B7
  • 9060 University Crescent, V5A 0B7
  • 9056 University Crescent, V5A 4X9

Tripartite Agreement - Refinancing (CentreBlock)

  • 9050 Highland Court, V5A 0E3
  • 9393 Tower Road, V5A 0E2

Tripartite Agreement - Refinancing (Veritas)

  • 9877 University Crescent (South Building), V5A 4Y6
  • 9168 Slopes Mews (North Building), V4A 0E4

Tripartite Agreement - Refinancing (The Peak)

  • 8838 University Crescent, V5A 4X9
  • 8840 University Cresecent, V5A 4X9
  • 8842 University Cresecent, V5A 4X9
  • 8844 University Crescent, V5A 4X9
  • 8846 University Crescent, V5A 4X9
  • 8848 University Crescent, V5A 4X9
  • 8850 University Crescent, V5A 4X9

Tripartite Agreement - Refinancing (Terraces)

  • 8940 University Crescent, V5A 0E7
  • 8966 University Crescent, V5A 4X9
  • 8980 University Crescent, V5A 4X9

Tripartite Agreement - Refinancing (Fraser)

  • 9733 University Crescent, V5A 0E8
  • 9735 University Crescent, V5A 0E8
  • 9739 University Crescent, V5A 0E8 
  • 9228 Slope Mews, V5A 0E9
  • 9278 Slope Mews, V5A 0G1

Tripartite Agreement - Refinancing (Crescent Court)

  • 8725 University Crescent, V5A 4Y8
  • 8761 University Crescent, V5A 0G3

Tripartite Agreement - Refinancing (Oslo)

  • 9580 Tower Road, V5A 0G5
  • 9888 University Crescent, V5A 0G4

Tripartite Agreement - Refinancing (Hamilton)

  • 8750 University Crescent, V5A 0C8

FREQUENTLY ASKED QUESTIONS – UNIVERCITY RESALES

Q: If the notary needs to file transmission of surviving Joint tenants, does SFU require to sign off on the documents?
A: SFU is not required to consent to a change in surviving Joint Tenancy.

Q: Does the notary need to request SFU’s consent for an amendment or correction of a documents prior to it has been filed with the Land Title Office?
A: Yes.  Any defect corrections, edits, or changes made to the signed documents that have been signed and returned to the Notary/Lawyer from SFU, the Notary/Lawyer must seek written consent from SFU prior to filing any changes/amendments with the Land Title Office. 

Q: As a real estate agent, I am new to leasehold properties.  Can you please shed some light on the terms of the leasehold agreement and who the properties belong to?
A: The terms and conditions of this leasehold are covered in the ground lease (sometimes referred to as the “Headlease”).  The purchaser will need to consult with legal counsel to provide them with legal advice regarding the lease and its significance.

Q: Can I please get a copy of the ground lease for my property?
A: A copy of your ground lease can be obtained through: BC Land Tittle and Survey Authority (LTSA), your lawyer/notary, or your real estate agent.

Q: Please advise me of your GST number, our accounting department requires it in order to issue the cheque.
A: SFU GST number is 118520725 RT0001.

Q: I'm in process of buying a unit in one of the UniverCity buildings.  My buying agent realized her notary does not do leasehold property closings. Would you be able to recommend a notary or lawyer who is familiar with this type of transaction?
A: As SFU is a public corporation.  As such, we cannot make personal recommendations for any one particular legal counsel.  We direct you to the BC Law Society Lawyer Directory website (https://www.lawsociety.bc.ca/lsbc/apps/lkup/mbr-search.cfm) or the BC Notaries website (https://www.bcnotaryassociation.ca/find/).

Q: Does SFU accept Credit Cards or e-Transfers for the payment of the Real Estate fees?
A: SFU accepts trust cheques, certified funds, or bank drafts.   

Q: Your website mentions a Certificate.  What is a Certificate for?
A: The certificate is a letter that can be provided by SFU that states to your Lender that the Ground Lease remains in effect, the base rent under the lease has been paid and that, to SFU's knowledge (without making inquiries), the other party is not in default under the lease.

Q: I don’t have any mortgage information.  Can I send you a partial package with the mortgage documents at a later time? Does this negate the “rush” charge?
A: SFU requires that all documents be completed and signed prior to our execution. We will do our best to return the executed documents in a timely manner. Any documentation that requires signatures will be charged a rush fee if they are received within the rush fee window.

If you have additional questions after reviewing the closing instructions for resale document, please contact us:

Phone: 778-782-3253
Fax: 778-782-4521
Email: condo_resales@sfu.ca

Directions to Facilities Services (FS) Building

Go to Google Maps and write “To: 10 S Campus Road”. The GPS will display “Facilities Services, 10 S Campus Road, Burnaby. Follow the GPS instruction. The Facilities Services building is located at the corner of Tower Road and South Campus Road.  See circled on the map.

Coming East from Trans - Canada Hwy:

1.     Take Exit 37 toward Gagliardi Way

2.     Keep going up on Gagliardi Way

3.     Turn right on University Drive East

4.     Follow the red arrows by keeping straight

5.     Turn left on Tower Road

6.     Turn left on South Campus Road

7.     Go straight

8.     Facilities Services building will be on the right

9.     Turn right in the FS parking lot

10.   Park in Visitor stall

11.   Come to the front desk

Coming East from Burnaby Mountain Pkwy:

1.     Follow the blue arrows by keeping straight

2.     Pass the intersection with Gagliardi Way

3.     Burnaby Mountain Pkwy becomes University Drive East

4.     Follow steps 4-11 above

Get road condition here:

https://www.sfu.ca/srs/campus-safety-security/traffic-safety/traffic-notices.html

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