Real Estate Lawyer in Toronto
Insight Law Professional Corporation brings in the experience for your Real Estate Transaction
Serving the Greater Toronto Area
and the rest of Ontario
Real Estate Lawyer in Toronto
Insight Law Professional Corporation brings the experience for your real estate transaction. Whether buying a home, selling a home or needing to refinance your mortgage, our experienced real estate lawyer can handle all your real estate transaction needs. From reviewing purchase and sale agreements to conducting title searches and working with financial institutions to ensure a timely and smooth closing, we assist our clients at every step of the real estate legal transaction.
We provide representation and consultation in real estate areas, including:
- Residential property
- Commercial property
- Recreational property
- Rural property
- Investment property
- Mortgage, financing and refinancing
HOW IT WORKS
Real Estate Transactions: Our Process
Real estate transactions are often the most significant deals a person will be involved in during their lifetime. We recognize real estate transactions involve different types of properties and their unique considerations and guide our clients through the complexities.
Our real estate lawyer is involved directly from the beginning to ensure potential issues are dealt with before they transform into problems. We value long-lasting client relationships by maintaining regular communication and providing updates, guaranteeing each client receives individualized attention.
Real Estate Law Services
Purchasing Real Estate
Purchasing real estate in Toronto can be complex and challenging, but with the right team, it can also be a rewarding and enjoyable experience. We’ll handle your transaction with our experienced professionals to ensure your purchase goes smoothly and your interests are protected at every step. We do all the legal due diligence, review contracts thoroughly and manage the closing. We want your property purchase to be smooth and stress free.
Selling Real Estate
Selling real estate in Toronto is a complex and legally binding process. By engaging a qualified Toronto real estate lawyer, you can ensure that legal requirements are met and your rights and interests are safeguarded throughout the transaction. Our team at Insight Law Professional Corporation is dedicated to handle your legal transaction to sell your home with confidance.
Mortgage Transactions (Refinance)
Real estate lawyers can assist with mortgage refinancing. Refinancing your home can be a wise financial move, allowing you to access the equity in your property and potentially lower your monthly mortgage payments. However, it is important to be aware of the typical closing costs associated with refinancing. Transparency in providing detailed estimates and exploring strategies to minimize these costs is crucial. Working with a Toronto real estate lawyer is essential to protect your interests.
Transfer of Ownership / Title
Transferring title ownership involves adding or removing a person from the ownership or title of a property, and this process is typically carried out by lawyers.
Aside from the typical reasons for buying or selling a property, individuals may have various motives for transferring partial or full ownership. Some common causes for a title transfer include divorce or separation, fulfilling mortgage or refinancing obligations, transfers between trustees and nominees, and survivorship applications to acquire sole ownership of a property after the passing of a spouse or partner.
Assignment of Property
An Assignment refers to a transaction in which the original purchaser of a property (the Assignor), grants another buyer (the Assignee) the right to take over their Agreement of Purchase & Sale before the original buyer completes the transaction.
This type of transaction is mostly seen in pre-built homes and condominiums, where the Assignee will eventually finalize the transaction with the seller (the builder). Until the transaction is completed by the Assignee, the Assignor remains responsible under the Agreement of Purchase & Sale. The Assignor must obtain written approval from the seller to assign the property, and if approved, there may be a fee involved, and specific conditions must be met.
Survivorship Application
A Survivorship Application in Toronto is a legal procedure used when one owner of a property held in joint tenancy passes away. In such instances, the property is automatically passed to the surviving joint tenant(s) without going through probate or being included in the deceased’s estate for distribution. This process is based on the principle of the “right of survivorship”, a feature of joint tenancy ownership.
The application is a document submitted to the Ontario Land Registry Office that allows the deceased individual’s name to be removed from the property title, effectively transferring full ownership to the surviving joint tenant(s). The application must accompany a copy of the death certificate and other required documents to prove the joint tenant’s death.
Condo Status Certificate Review
Our lawyer can conduct a status certificate review in Toronto at reasonable rates for condominium units to mitigate unwanted issues or delays. This certificate outlines crucial information, including the corporation’s budget, common expenses, ongoing legal matters, insurance status, imminent significant repairs or maintenance concerns, and the reserve fund. The reserve fund is to be used in the event of major expenses relating to common areas of the condominium, such as renovations or repairs to parking structures or balconies, which may draw from this fund. Inadequacies in the reserve fund might lead to substantial expenses and higher fees.
During the review of a status certificate, the lawyer will identify potential red flags that might lead to substantial future hikes in common expenses or other unwelcome surprises.
Property Title Review
The title to a property acts as a legal document that lays out its ownership rights. Conducting a thorough title review is crucial to uncovering any possible issues affecting the property’s ownership, value, and marketability. This process involves examining a property’s historical records, documents, and public records to determine its ownership history, legal status, and potential issues.
Commercial Property Purchase & Sale
Whether you want to buy or sell commercial property in Toronto, our real estate group can assist you with these transactions. We strive to make the process seamless for our clients. Insight Law Professional Corporation will work closely with you to ensure that you understand the legal implications of your transaction and help you identify any potential risks or issues that may arise.
Whether you’re a first-time buyer or an experienced investor, our team is here to assist you every step of the way. From conducting due diligence and drafting contracts to negotiating terms and closing the deal, we will be with you throughout the process to ensure your successful and efficient transaction.
WHAT PEOPLE SAY
Client Testimonials
Demet is an amazing real estate lawyer. I met her during a sensitive time when I urgently needed legal assistance, and she promptly and efficiently delivered her services. She is attentive, compassionate, and ensures she fully grasps the concerns before offering advice. I want to express my heartfelt appreciation for all her assistance.
Demet Altunbulakli is the best lawyer we ever met, she very knowledgeable, helpful and professional. She takes times to listen to us then provides all explanations that we need to know, also give us valuable recommendations for our Lease. She even gave us more to discuss, we really appreciate the services at Insight Law Firm. Highly recommend!
Demet from Insight Law is very knowledgeable, diligent, and approachable. She went the extra mile to ensure that my transaction was registered on the closing date in spite of issues that we had with the sellers and their law firm. I definitely recommend this firm for anyone looking to buy or sell a property.
I was so fortunate to have found Demet who provided unparalleled service and attention to detail in my real estate transaction. She’s great to work with and attentive to the client’s needs. I can’t recommend her highly enough.
WHAT MAKES OUR FIRM DIFFERENT
Why Choose Insight Law Professional Corporation
We’re dedicated to providing friendly and knowledgeable service to ensure a positive experience for all our clients and achieve the best possible results in every case.
We prioritize client satisfaction and take a personalized approach. By attentively listening to our clients, we develop tailored solutions to meet their unique requirements.
Our fixed prices and hourly rates are visible upfront, and most add-ons are fixed line items. Because honesty is the best policy, this saves time on both sides.
We understand that our clients may be busy and unavailable during normal working hours. We are happy to work with you to find a time that suits your needs.
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Contact Info
160 Eglinton Avenue E Suite 300 Toronto, ON M4P 3B5
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Real Estate Lawyer Near You
We conveniently serve the following nearby locations
Brampton | Burlington | Etobicoke | North York | Markham | Mississauga | Oakville | Richmond Hill | Scarborough | Toronto | Vaughan
