AREAS OF LAW
AREAS OF LAW
RESIDENTIAL REAL ESTATE LAW
Real estate transactions require a good team of advisors and a knowledgeable and experienced real estate lawyer is an integral part of that team. Working together as a lawyer and law clerk team for over a dozen years, we have built an approach to suit each client’s individual needs and relentlessly strive to improve our practices and procedures every day. It is our overall goal to provide efficient and cost-effective representation while ensuring our clients receive a smooth and positive experience.
“… your fee is more than reasonable for all the extra work, care and attention you put into this transaction on our behalf – believe me it was and is very much appreciated. Thank you! It won’t be forgotten.”
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PURCHASE CHECKLIST >
In order to sell a property in Ontario, you will require the services of a lawyer ensured to practice real estate law in Ontario. The lawyer will prepare the deed to your property, draft documents, ensure all legal conditions have been met, close the transaction, arrange to pay out and discharge any mortgages, liens and executions on title and deliver proceeds to you. They can provide a variety of additional services including reviewing the Agreement of Purchase and Sale before you sign and assisting with the negotiation of terms and conditions and preparing the Agreement of Purchase and Sale if you are selling without a real estate agent.
SALES CHECKLIST >
In addition to providing the services noted above, lawyers can review the Status Certificate of a condominium when you purchase, which is a document that outlines the details and current standing of a condominium. The lawyer will ensure the condominium fees match those in the Agreement, the proper units (including parking and locker) are being transferred, there are no ongoing or pending lawsuits, reserve fund studies are up to date, determine any upcoming increases in the condominium fees, and the condominium is financially The lawyer can also provide information about the benefits and unique issues of condominium ownership.
Refinances & Transfers
If you are refinancing, you may be able to work internally with the lender. In some circumstances a lender still requires a lawyer to complete the refinance. The work on a refinance is similar to that on a purchase but instead of advising the client of the legal issues surrounding the property, the lawyer will be advising the lender (who they also act for). The lender may also require the lawyer to pay out debts of the clients, including prior mortgages, credit cards, lines of credits and car loans. Any proceeds, like in a sale, will then be paid directly to the client from the lawyer.