Blogs
Buying 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 […]
Read MoreWhat is a Status Certificate A status certificate is a document issued by the Condominium corporation’s management or board upon request by a prospective purchaser. It is an essential document in a condominium transaction because it provides a snapshot of the corporation’s financial and legal status at purchase. Pursuant to section 76 of the Condominium […]
Read MoreA commercial lease assignment involves a transfer of a commercial tenant’s (the “Assignor”) rights and obligations to a new tenant (the “Assignee”), where the Assignee agrees to assume the Assignor’s rights and obligations under the original lease with the landlord. The parties to an assignment of lease must ensure compliance with the terms in both […]
Read MoreAre you thinking about buying a single family home with a basement apartment? For many Ontario homebuyers, basement apartments offer attractive benefits, from generating rental income to providing long-term flexibility for family living or future resale. What is a Single Family Residence? A single-family home or residence is a detached dwelling that is not connected […]
Read MoreWith interest rates and property values constantly shifting, Ontario’s real estate market is experiencing an unprecedented increase in mortgage defaults. When a borrower defaults on their mortgage, lenders have several statutory remedies available to recover the money owed. One of the most common is a power of sale, as it is typically more cost-effective and […]
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