A real estate lawyer protects their client’s rights as laid out in the Agreement of Purchase and Sale. Your lawyer will ensure that all parties in the transaction have fulfilled their duties as outlined in the contract. They ensure the property taxes are up to date, ensure there aren’t any liens on the property, handle the funds to the appropriate parties, and land transfer tax… just to name a few things!
The Agreement of Purchase and Sale has been signed and the deal is firm. Congratulations to you, the agent, and your buyer. It feels like time to celebrate, but then…
The date scheduled for the buyer to pay their deposit passes without the funds anywhere to be seen. Besides an angry seller who is likely riddled with emotions, what happens next?
When estate planning, you might be wondering how you can leave assets to someone who does not have the capacity to care for themselves due to living with a disability. We understand that there is a constant worry about trying to protect them even after you are gone.
Making a power of attorney or other arrangements as part of your life planning allows you to choose whom you want to make decisions for you should you become mentally incapable.
I want to purchase a home that has existing tenants. What are my next steps as the purchaser? If you intend to reside in the house yourself, you must negotiate a clause in the contract calling for “Vacant Possession”. This now puts the onus on the seller to ensure the house is empty at the date of closing.
It is a worst-case scenario if your real estate deal does not close on the agreed-upon date. The buyer failing to secure financing is one reason that a real estate deal could go south. What happens next?
Recent cases of title fraud in B.C. and Ontario has made this a top-of-mind issue for property owners across the country. Awareness is your best defence against these criminals and there are a few things we want you to know so that you can make yourself, and your property, less of a target.
What happens to your Facebook profile after you become incapacitated or pass away? What about your email account? The rest of your digital assets? In Ontario, there is no legislation dealing with this type of ownership, so you may wish to include digital asset transfer of ownership in your will. Your digital estate plan should include your passwords and your wishes for these accounts after you are no longer able to control them.
“The seller didn’t sweep the hallway like they said they would!” “The seller left a bunch of garbage!” “There are so many holes in the walls!” You do your final walkthrough of the home 2 weeks before closing. You realize that the home is in disarray, but the seller...
There’s never a perfect market. The more you know about the problems that can potentially arise, the better prepared you will be. At McMurter & Associates, we always recommend having a contingency plan in place given the unpredictability of this ever-changing market.
Toronto Office
Satellite office, open by appointment only
Evergreen Brick Works
550 Bayview Ave., Suite 401
Toronto, ON M4W 3X8
Phone: 289-278-0934
Toll Free: 1-800-756-7138
Email: [email protected]
Fax: 416-747-6208
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