What is a certificate of charge?

Definition of Certificate of Charge

The certificate of charge is the written documentation of a mortgage registered against a property. The certificate of charge is a legal document that is registered and listed in the Land Titles System.

Why is this term important?

Every mortgage is recorded with a certificate of charge. This document records the mortgage debt, along with all of the loan terms and conditions. Questions about a mortgage can be investigated by referencing the certificate of charge in the Land Titles System.

Examples of term

When the sale of a new-build or resale home is finalized and the buyer is using a mortgage loan to make this purchase, a certificate of charge is written up by the buyer's legal representative and this document is included in the Land Titles System as part of that property's title documentation.