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The distinction between joint tenancy and tenancy in common is often addressed at the time of acquisition and rarely revisited. Property ownership between spouses or partners is not often given due consideration until the relationship breaks down. Upon separation between owners, the legal characterization of title can become pivotal. The legal distinction between holding property […]
Read MoreWhen the topic of property rights gets brought up, most people think of ownership and the ability to possess, use, and enjoy land. But the law also recognizes a category of non-possessory interests, where one party has limited rights to use another’s land without owning it. The most common non-possessory rights are called easements. What […]
Read MoreIn Ontario’s competitive real estate market, flexibility can make or break a deal. One of the most common tools used to introduce that flexibility is a conditional offer, where an agreement only becomes binding once certain conditions are satisfied. At first glance, conditional offers raise an important question: what happens if those conditions are not […]
Read MoreBuying your first home is an exciting milestone, but it also comes with many financial responsibilities that many first-time buyers should be fully prepared for. Understanding all the potential costs involved will help you avoid surprises on closing. Closing Costs When buying a home, there are closing costs that add up, which buyers need to […]
Read MoreBuying or selling a property is often one of the largest financial decisions you’ll make. It can be stressful even under normal circumstances, and even more so if a buyer or seller passes away before closing. Fortunately, Ontario law generally keeps the Agreement of Purchase and Sale (“APS”) enforceable, binding the estate of the deceased […]
Read MoreIn Ontario, when buying or selling a home, hiring a real estate lawyer is not just a recommendation; it is a requirement. The law is clear that only licensed lawyers can complete real estate transactions. Under the Law Society Act, it is prohibited to provide legal services without a license. Section 1(6) of the Act […]
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