Real Estate

Real Estate

When it comes to the sale or purchase of a property, call on Zannes Law.

We help with reviewing, editing, and executing an Agreement of Purchase and Sale. This agreement does not transfer title (transfer of ownership), but it does set out all the terms and the way title is to be transferred.

When we act for a seller, we make sure title is transferred in the exact way the agreement set out, and that they are in the appropriate position to transfer title.

As for a buyer, we make all the searches and inquiries necessary to ensure that they are receiving title exactly the way it is stated in the agreement.

During the process, measures are taken to make sure that the buyer is not left holding a bag of debts when they take title. Understanding your rights and responsibilities will make this process a cakewalk.

Stages of a Real Estate Transaction, include but are not limited to:

1. Offer
2. Agreement of purchase and sale
3. Survey
4. Title search
5. Other searches, considerations, and inquiries
6. Obtaining insurance
7. Taking title
8. Closing
9. Meeting any, and all post-closing requirements

Our expertise does not leave out commercial transactions either. If your business is looking into leasing a place to operate in, we can help with making sure it is fit for your needs. This specific property type is governed by Ontario’s Commercial Tenancies Act. There are requirements that must be met to declare a property as commercial, regardless of local zoning laws that consider it as such. This is especially relevant to those who may be looking into sharing the use of the premises as a home.

During residential ownership, you may want to make changes to your title. We have you covered. Whether you are adding or removing persons from the title or fulfilling mortgage and refinancing requirements. We make the undertaking of updating your property ownership easy. Refinancing is an important decision, and we treat it as such. We can answer any questions you may have about any terms and conditions. A legal, eagle-eye will review every paragraph to make sure that your interests are protected, and any duties that are required by you are fulfilled before finalizing your mortgage refinancing.