Other Residential Real Estate services
Condominium Status Certificate Reviews:
We review status certificates for condominium purchases/refinances.
Contract Review:
If you have signed an agreement of purchase and sale with a new home or condominium builder there is a "cooling" off period wherein your lawyer can further negotiate the terms of your agreement with the builder before your contract becomes firm and binding. By doing this, we may be able to save you hundreds or even thousands on your transaction.
Drafting of Agreements:
If you require your real estate transaction to be reviewed or your agreement of purchase and sale to be drafted, contact us today!
Builder Contract Assignment Transaction - we represent assignees and assignors:
An Assignment is a transaction where the original buyer of a property (the Assignor) allows another buyer (the assignee) the right to assume their Agreement of Purchase & Sale, prior to the assignor closing the transaction. An assignment is most common in pre-built homes and condominiums. The assignee will ultimately close the transaction with the Seller (the builder). The assignor will remain liable under the Agreement of Purchase & Sale until the assignee closes the transaction with the seller. An assignor must receive written consent from the seller to assign the property. Generally, if the consent is granted, a fee will be payable and conditions must be followed.
We will review the Assignment of Agreements of Purchase & Sale, Vendor’s consent to assign and we assist in closing assignment transactions.
Title Transfers:
If you want to transfer ownership to add or remove a person off title, we can guide you through the complicated issues such as land transfer taxes and existing mortgages.
Survivorship Applications:
Where a property is owned by two individuals and one of them dies, the deceased owner must be removed off title in order to deal with the property. The living owner will need to bring a survivorship application in order to accomplish this.
Private Mortgages - we represent lenders and borrowers:
Our firm can represent both lenders and borrowers in private mortgage transactions. If you are lending money for personal or investment purposes and want to secure your money against the borrowers real estate, we can help with this type of transaction. We prepare all mortgage documents for the borrower and yourself to execute, provided the loan is under $50,000. For loans over $50,000 contact us for details.
Matrimonial Home Designations:
If you are a spouse and are not on title of your matrimonial home, you may want to register a matrimonial home designation to advise third parties and lender’s of your spousal rights.
Title Searches:
If you are planning to purchase a property and would like to know the history of it, contact our office and we will obtain the parcel register for you for.
HST Rebate Applications:
Call us today if your builder did not provide you with the HST rebate. We submit applications to the Canada Revenue Agency for people using the property as their primary residence and landlords who have leased out their properties.