Residential Real Estate Lawyer Toronto
HIRE GK LAW – REAL ESTATE LAWYER
Why Hire a Toronto Real Estate Lawyer?
Agreement of Purchase or Sale
Acquisition or disposition of property involves an agreement to purchase or sale (APS), which has many clauses that only a real estate lawyer can interpret correctly. This means that if you don’t have legal counsel, you may not understand what the clauses mean, which might end up affecting the transaction later on. If you enlist the services of an experienced lawyer, they can review the APS agreement and negotiate better terms. If you’re selling your residential property, a lawyer can also help you prepare all legal documents, including the APS.
What’s more frustrating than buying a new commercial or residential property only to realize that there are liens against it or other legal issues? I can’t think of anything worse than realizing that you acquired a property with legal problems, which you have to deal with as the new owner.
A real estate lawyer can run a title search to acquire vital information about the property before making your purchase. This information includes any outstanding taxes, prior ownership, liens and other vital details about the property. With all the knowledge about a property, including any issues surrounding it, one can negotiate for a better price or withhold from buying it.
Acquiring a residential or commercial property through mortgage comes with several legal agreements between you and the lender. An experienced Toronto real estate lawyer reviews the terms and conditions of the agreements, to ensure that they are outlined as agreed with the lender.
Preparation of Documents
Acquiring or selling residential and commercial real estate properties involves a lot of legal documents. A real estate lawyer prepares the documents required for each transaction, ensuring that they include every detail. They also review the documents provided by sellers and lenders to protect the buyers from hidden charges and negotiate better terms.
Acquiring New Condominiums
Unlike regular homes, such as single-family homes, condominiums are more complex to acquire. They have a special type of title called the “strata title,” and there are rules and regulations that owners are expected to follow. A real estate lawyer keeps you updated during the acquisition process and guides you through what is expected of you and the other strata owner.
This is the most critical part of the acquisition or disposition transaction. The deed, the closing statement, and other relevant closing documents must be prepared. A real estate attorney helps buyers and sellers prepare and review all property closing documents to ensure that everything is fair and in order. The documents are then signed and passed to the appropriate parties.
Real estate deeds and other appropriate documents need to be filed correctly at the local registry office and other government offices. A real estate lawyer understands the filing process more intimately, and they can submit the necessary documents, fast and efficiently, while navigating any issues.
Why Choose Us as Your Toronto Real Estate Lawyers?
GK Law has been handling commercial and residential real estate transactions for over 10 years. This has gained us insight and experience, which helps us protect our client’s interests and rights in real estate and business dealings. We have closed over 10,000 unique transactions, and we continue to make our clients happy by closing more real estate cases by the day.
We are dedicated real estate lawyers, and our personalized services ensure that each of our clients is catered for as per their specific needs. Our lawyers handle everything during the transactions, including negotiations, title searches, preparing and reviewing documents, filing documents, and ensuring that our clients acquire properties with clean titles. We protect your investments.
At GK Law, we provide an initial complimentary consultation and a nonobligatory quote for our real estate and business law services. Contact us to make an appointment with the best real estate lawyers in Toronto. If you have any questions regarding real estate, check our FAQ section or contact us.
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HIRE GKLAW – REAL ESTATE LAWYERS IN TORONTO
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