Posts Tagged ‘Real Estate Law’
What are Latent Defects or Hidden Damages in the Property?
Latent defects in a property refer to any hidden or concealed defects that are not visible during a routine inspection or that are not disclosed by the seller or real estate agent. These defects may include structural issues, such as foundation problems or roof leaks, as well as hidden defects in plumbing, electrical wiring, or…
Read MoreHow to Navigate Through the Complex Legal Process of Buying a Home
If you are in the market searching for a new home, it can be a really exciting time in your life, but with all the steps involved, it can also be challenging. Likely you may be aware that you have to secure a mortgage and that it’s wise to work with a real estate agent who can help you find…
Read MoreTitle Insurance in Real Estate Transactions
What is Title Insurance? Title insurance protects property owners from losses that could potentially arise regarding the legal ownership of a property. As a present title owner it is crucial to have a clear ownership “title” to the property. Despite the current owner being at no fault, these issues can always arise. Without title insurance,…
Read MorePlanning to Purchase a Resale Property? Here’s Your Guide
If you are considering purchasing a home or condo this year, one of the decisions you will need to make is whether you wish to purchase something that is newly built or whether you wish to purchase a resale property. While there are advantages and disadvantages to each, many people prefer to purchase a resale…
Read MoreWhen Does an Asset Go to Probate?
When dealing with someone’s estate after they are deceased, there is a process called probate which must happen before assets may be transferred to that person’s beneficiaries. This helps to ensure that the relative taxes are first paid out accordingly. The executor or administrator of the estate ensures that debts and taxes are paid off…
Read MoreFive ways to protect yourself when buying or selling real estate
Buying and selling real estate is a major financial transaction, for both parties involved. Thus it makes sense that each side wants to have their interests protected and make sure their investment is well made. If you’re considering buying or selling real estate, here are five tips to keep in mind. Do your research If…
Read More5 Tips for Homebuyers to Keep in Mind When Purchasing
Purchasing a home is the largest investments that most people will make in their lives. The process can be both exciting and stressful. But having the help of the right professionals such as a good realtor and real estate lawyer can really help the process go more smoothly. If you are in the process of…
Read MoreWhat is the difference between joint tenancy and tenants in common when buying a home?
In Ontario, there are several different ways of taking title to a home. You could be the sole owner or own the property jointly with someone else (typically a spouse or common-law partner). The two most common ways of owning a home with another person are joint tenancy and tenancy in common. If you are…
Read MoreBuying a Home from a Builder: What you Should Know!
Having a brand new home, where you get to pick out all the finishes and fixtures is so exciting! No one else has ever lived in this home, it’s just yours and you get to make it exactly the way you want it. It’s a very attractive option to work with a builder and purchase…
Read MoreHow Does a Real Estate Lawyer Help You Safely Navigate Buying and Selling During COVID-19?
Working with a real estate lawyer is critically important when you are closing a real estate transaction. Your lawyer can help you with a number of important items from helping you draft or understand the legalities of the sale contract, conducting title searches for you, and ensuring that the funds from the transaction are transferred…
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