Real Estate Law

Our team of Real Estate Lawyers provides practical advice and representation in all areas of Real Estate Law.  Our Real Estate practice groups services and experience include:

  • Purchase and Sale of Homes, including Condominiums (Freehold, Strata, Leasehold, Undivided Interests)

  • Mortgages & Refinancing

  • Buying or Selling a Commercial Property, including Commercial Mortgages

  • Co-ownership Agreements

  • Trust Declarations

  • Construction Loans

  • Foreclosures & Collections

  • Resolution of Property Disputes

 

For your Real Estate Law needs please contact our solicitor team.  If you would like to book an appointment with a real estate lawyer please contact Danna Shan or Joyce Ling.

 
 

Frequently asked questions

Real Estate Law

Q: Do I need a lawyer or notary to complete my real estate transaction?


A: Yes, you do. The completion of real-estate transactions is based on undertakings exchanged between the lawyer/notary representing the buyer and the lawyer/notary representing the seller. The funds are drawn from and received into the lawyer’s/notary’s trust account and disbursed according to the undertaking. Our law firm can assist you in completing your real estate transaction in an affordable and efficient manner.




Q: What are disbursements?


A: Our rates for real estate transactions comprise of two main components: fees and disbursements. Disbursements are third-party costs that we incur in order to complete the real estate transaction for you. Disbursements can include the following: land title searches and registration fees, cost for obtaining tax certificates, costs to obtain strata forms and courier fees. In some cases, where title insurance or other items are required, there will be additional disbursement costs associated with those items as well.




Q: How soon will I receive the funds from my sale?


A: Assuming that there are no delays in receiving the closing funds, money is usually sent out for deposit to the seller’s bank account on the day of closing. Depending on the policies and procedures in place at your bank, funds may not be immediately available for use.




Q: What is the difference between “tenants in common” and “joint tenants”?


A: Joint tenants own the property in equal shares, have an equal interest in the property, and an equal right to use the whole of the property. If a joint tenant dies, his or her interest passes to the surviving joint tenant(s) automatically and does not normally form part of the deceased’s estate. Joint tenancy is a common choice for spouses who want to ensure that upon the death of one of them, the surviving spouse will have full ownership and use of the property. Tenants in common, on the other hand, own the property in specified percentages. The portion owned by a tenant in common is included in the estate of the individual when he/she dies, and will be distributed either according to the individual’s will or intestate if a will was not made.