Chown Cairns Legal Advice Blog

Real Estate Law Practice

Recent Posts

Why you should consider a professional home inspection

Mar 19, 2018

Real estate transactions are often one of the most expensive transactions someone will make throughout the duration of their life. Due to this fact, it is not always an easy process, and can be intimidating for those who are purchasing a home.

One of the most important things you will need to do is have a professional home inspection completed on the property you are looking to purchase.

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Topics: Real Estate and Land Law

What a commercial real estate lawyer can do for your commercial investment

Jan 18, 2018

If you have found the perfect property to build or expand your business, you are entering an exciting time of your businesses development. This process is complex and too often we see situations where steps are overlooked and it causes legal tie-ups or unexpected costs.

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Topics: Real Estate and Land Law

How to determine who should hold the title of your home

Dec 15, 2017

Many first time home buyers do not understand that they have options in assigning their property ownership, or that it is important to be strategic about who holds the title of a home.

Ownership over the title of a property means that the homeowner(s) have rights to the property and have the right to pass on ownership after their passing.

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Topics: Real Estate and Land Law

Should you use your realtor’s real estate lawyer referral?

May 25, 2017

Many clients do not realize the value of their real estate lawyer until they are well into the transaction process and their lawyer has uncovered an issue or a clause that could affect the transaction agreement.

Your real estate lawyer’s sole obligation is to protect your rights within the confines of the law. Thus, they are valuable to you throughout the real estate estate transaction and we’d recommend engaging an experienced lawyer at the beginning of the process.

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Topics: Real Estate and Land Law

How to choose the right Niagara real estate lawyer

May 4, 2017

A real estate lawyer is an essential part of the process of buying or selling a home. In a hot market, like the one Niagara is currently experiencing, hiring the right lawyer is essential. Your real estate lawyer’s role is to represent your interests and to ensure that you and your asset are legally protected throughout the transaction process.

Buying and selling real estate involves a number of legally binding tasks including the preparation or review of an agreement of purchase and sale and the transfer of title insurance. Where your realtor can help you market your home or find the one of your dreams, your lawyer will ensure that your interests are protected.

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Topics: Real Estate and Land Law

Common legal mistakes to avoid when selling your home

Apr 27, 2017

Selling your home is a complicated process that involves navigating many legal issues and requirements. These legalities may seem overwhelming, but working with the right Niagara real estate lawyer should make this process simple and easy for you.

There are certain legal tasks that are commonly done wrong, which have the potential to result in serious complications for homebuyers or sellers. During the real estate transaction, it’s very important to ensure that both you and your real estate lawyer keep these common mistakes in mind so that they are not replicated in your transaction, and you finish the purchase or sale of your home without any unforseen consequences.

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Topics: Real Estate and Land Law

What to expect on closing day of real estate purchases

Mar 21, 2017

Purchasing a home is an incredibly exciting time, but it is also a complicated process. You are likely familiar with the basic steps of this process. You must search for a home, secure a mortgage and make an offer to purchase. When you lay out your Agreement of Purchase and Sale contract with your realtor and then review with your lawyer, there are a number of clauses that must be negotiated, including your closing date.

Your closing date will determine the date of the transfer of property ownership and requires preparation on your own behalf, as well as, your lawyers.  

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Topics: Real Estate and Land Law

Understanding conditional offers when purchasing a home

Feb 14, 2017

There are many reasons in which prospective homeowners may submit a conditional offer. The most common reason to do so is to protect the buyers in the case that the home inspection report reveals extensive renovation needs or if their financing does not come through.

Typically a conditional offer is structured with a deadline for expiry of each condition and the purchaser can give notice of either waiver or fulfillment of those conditions. If the conditions are not met the offer to purchase becomes void and the purchaser’s deposit is returned.

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Topics: Real Estate and Land Law

Legal Considerations for First Time Landlords

Jan 17, 2017

 

Becoming a landlord is a popular financial strategy. Whether you’re purchasing a new home to rent out, are renting out a portion of your current home or sub-leasing your apartment, there are several legal considerations for first time landlords.

The Real Estate and Property team at Chown Cairns has decades of experience in landlord-tenant relations. Please see below for their top landlord tips.

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Topics: Real Estate and Land Law

The importance of using a lawyer to buy a custom built home

Dec 13, 2016

Purchasing and building a custom home with a builder affords you the luxury of building a home perfectly tailored to your tastes. It’s a trend that is rising in popularity, especially in the Niagara Region as the population grows and residential resources expand out to accommodate. Newly built homes come with many benefits, specifically, there should not be any serious issues or immediate maintenance costs.

Frequently, home buyers do not hire a lawyer until the purchase deal is almost complete, however hiring a lawyer to review your purchase agreement and negotiations early on, can protect your from the risks and hidden costs associated with purchasing a builder's home.

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Topics: Real Estate and Land Law