Real Estate & Mortgages
Buying a home is usually the single most important, expensive and stressful decision that a person makes in his/her lifetime.
Every purchase, sale, and mortgage is different. From the first-time home buyer to the sophisticated developer, we ensure that our clients are familiar with all aspects of a real estate transaction including:
- Contract of Purchase and Sale which governs the transaction including condition precedents for the benefit of the seller and the buyer;
- GST, sales tax, and income tax issues;
- Joint tenancy and Tenants-in-Common issues;
- any restrictions contained in easements, statutory rights-of-way or other encumbrances/covenants that will remain registered against Title after completion and that could affect development of the property;
- all mortgages or other encumbrances that are to be discharged from Title upon completion;
- the amount of Property Purchase Tax payable in connection with the purchase of property (based on 1% of the first $200,000 of value and 2% of the balance);
- financing issues such as pre-payment privileges and penalties in mortgages and requirements for personal guarantees, survey and/or Title insurance; and
Comprehensive "statement of adjustments" setting out the adjustments to be made to the purchase price (including property taxes and utilities) on completion.
Trust Martin & Martin Lawyers to provide quality, accurate, and efficient legal services at a reasonable price. We endeavour to make the purchase and/or sale of your property seamless and the least stressful part of your real estate transaction!
Call Martin & Martin Lawyers TODAY for a BETTER tomorrow! We can HELP!
