Real Estate Law
Seamless real estate transactions with meticulous attention to detail and a client-centric approach.
Pegasus Law Professional Corporation offers comprehensive real estate services that cover every step of the transaction process. We can handle the drafting and review of documents, provide advice on potential issues, negotiate on your behalf, and ensure proper title transfer, and collect funds on your behalf. We’re committed to protecting your rights and ensuring that all legal requirements are met to make the transaction legitimate and binding.
Whether you are buying or selling a property, entering into a lease agreement, or facing a real estate dispute, our team can provide you with the legal expertise you need to navigate the complex real estate landscape in Ontario.
Our real estate law services include:
- Independent Legal Advice
- Purchase or sale of condominiums, homes or townhouses
- Securing title insurance for new and existing properties
- Preparing purchase and sale agreements for any real estate transaction
- Reviewing and preparing residential and commercial leases
- Purchase and sale of residential and commercial properties
- Residential and commercial mortgage refinancing
NEW HOME PURCHASE
Many new home buyers often lack an understanding of the implications behind the clauses found in an agreement to Purchase or Sale (APS). A notable example is the inclusion of a frequently encountered clause that grants builders the authority to impose unforeseen charges for various items. Furthermore, there is the potential for substantial delays in the closing dates, with no compensatory measures for any of the parties involved.
To safeguard the rights of consumers, it is imperative for individuals purchasing a brand new home from a builder to enlist the services of a residential real estate lawyer. Such legal representation ensures that the contract is thoroughly examined and negotiated in a manner that upholds fairness for all parties concerned.
AGREEMENT OF PURCHASE AND SALE
In Ontario, lawyers possess the expertise to meticulously review a wide range of sale and purchase offers in collaboration with real estate agents. They play a crucial role in ensuring the accuracy and legality of these essential documents. Additionally, lawyers can provide invaluable assistance in the preparation of these documents, ensuring that they are comprehensive, well-drafted, and aligned with all applicable laws and regulations.
TITLE SEARCH
When purchasing a property, conducting a title search is an essential and mandatory step. This crucial procedure unveils vital information about the property, including any existing judgments, liens, past and current ownership records, as well as outstanding agreements.
Furthermore, it is crucial to check for any outstanding taxes and make necessary arrangements for the reading and transfer of utilities upon closing. This information holds significant importance for all parties involved in a real estate transaction. By establishing clear expectations from the outset, individuals can gain a thorough understanding of how the process will unfold, ensuring a smoother and more transparent experience.
Purchasing New Condominiums
Purchasing a condominium differs significantly from buying a traditional home. The process involves two distinct closing dates and entails adherence to various rules and regulations. To ensure a smooth experience, it is crucial to keep prospective buyers well-informed throughout the process, allowing them to make appropriate plans and preparations. By providing clear communication and guidance, individuals can navigate the unique procedures associated with buying a condominium effectively.
Documents preperation
In any real estate transaction, there is a multitude of documents that need to be generated. A residential or commercial real estate lawyer plays a vital role in assembling and preparing all the requisite paperwork and documentation. Their expertise ensures that all necessary legal documents are accurately created and organized, facilitating a smooth and efficient transaction process.
Mortgage Preparation
From the inception of your commercial or residential real estate transaction, an experienced real estate lawyer will serve as your representative, safeguarding your interests. This includes assisting you throughout the mortgage preparation process. During this phase, the lawyer will schedule a meeting with you to meticulously review the conditions and terms of the mortgage. Their objective is to ensure that the terms align with the agreements and discussions you had previously established with bank representatives. By entrusting this responsibility to a skilled lawyer, you can have confidence that your interests are protected, and the mortgage terms are accurately assessed and aligned with your expectations.
closing costs
Prior to the designated closing date, your real estate lawyer must arrange a meeting with you to review and sign all pertinent closing documents. It is of utmost importance to have a comprehensive understanding of the closing costs associated with the transaction. These costs may include various expenses such as property taxes, land transfer taxes, and any other relevant fees. It is essential to be well-informed about the specific funds that will be due on the closing date, as they are separate from the mortgage funds provided by the lender. Understanding and preparing for these financial obligations well in advance will allow for a smoother and more organized closing process. Your lawyer will guide you through this process, ensuring that you are aware of all relevant costs and deadlines, and enabling you to plan accordingly.
Property Closing
Instead of the traditional method of registering the deed and mortgage in person at a local land registry office, at Pegasus Law, we offer the convenience of electronic registration.
Regardless of the type of real estate transaction you are involved in, it is crucial to seek the guidance of an experienced real estate lawyer. At Pegasus Law we can provide valuable advice, answer your important questions, and help you understand what to expect throughout the process.
Don’t hesitate to schedule an appointment today to ensure that you have the necessary legal support and expertise by your side.
We serve clients across the province of Ontario, Canada. If your region is not listed below, please contact us at +1 (905) 348-3633.
Algoma | Brant | Bruce | Chatham-Kent | Cochrane | Dufferin | Durham | Elgin | Essex | Frontenac | Grey | Haldimand | Haliburton | Halton | Hamilton | Hastings | Huron | Kawartha Lakes | Kenora | Lambton | Lanark | Leeds and Grenville | Lennox and Addington | Manitoulin | Middlesex | Muskoka | Niagara | Nipissing | Norfolk | Northumberland | Ottawa | Oxford | Parry Sound | Peel | Perth | Peterborough | Prescott and Russell | Prince Edward | Rainy River | Renfrew | Simcoe | Stormont, Dundas and Glengarry | Sudbury | Thunder Bay | Timiskaming | Toronto | Waterloo | Wellington | York
Real Estate
Pegasus Law Professional Corporation offers comprehensive real estate services that cover every step of the transaction process. We can handle the drafting and review of documents, provide advice on potential issues, negotiate on your behalf, and ensure proper title transfer, and collect funds on your behalf. We’re committed to protecting your rights and ensuring that all legal requirements are met to make the transaction legitimate and binding.
We serve clients across the province of Ontario, Canada. If your city is not listed below, please contact us at +1(905)348-3633.