Real Estate Lawyer 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 has the experience to close your real estate transaction helping clients in Toronto, Ontario. 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
Real Estate Lawyer Toronto
What is Real Estate Law?
Real estate law, also known as property law, governs the rights and interests of individuals and organizations in real property, including land, buildings, and other structures. This area of law encompasses a wide range of legal issues related to the ownership, use, and transfer of real property. Whether you are buying, selling, leasing, or financing property, real estate law provides the legal framework to ensure these transactions are conducted fairly and legally.
What Does a Real Estate Lawyer Do?
Real Estate Lawyers handle the Conveyancing of the Property, which includes handling the paperwork that transfers the property title to your name, dealing with your mortgage financing, and coordinating the payment of the purchase price to the seller. Experienced real estate lawyers proactively identify potential risks, offer tailored legal advice, and maintain a high level of personal involvement to ensure smooth and effective transactions for both residential and commercial clients. They also review the legal documents and issues related to a transaction, including the legal review of the Agreement of Purchase or Agreement of Sale.
Buying or selling a home in Toronto might be challenging since this may be the most important transaction in a lifetime. While making every effort to ensure the transaction is closed smoothly and on time, our lawyer will also assist you in understanding the details of your transaction and strive to be accessible to you throughout the process. Insight Law Professional Corporation provides quality legal services in real estate law to individuals and businesses while protecting the best interest of our clients, even in the most complex matters.
HOW IT WORKS
Real Estate Law: 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 lawyer at Insight Law Professional Corporation is conveniently located in midtown Toronto, minutes from the Eglinton-Yonge station.
INSIGHT LAW PROFESSIONAL CORPORATION
Law Firm for Real Estate Transactions
Insight Law Professional Corporation is a law firm that assists clients with real estate transactions. Recognizing the complexities of Toronto’s dynamic market, we prioritize a client-centered approach. Our tailored solutions are crafted to simplify the process, safeguard your interests, and offer the clarity essential for making confident decisions
Our Vision
Our vision is to be the trusted legal partner of choice, known for our unwavering commitment to excellence, personalized service, and transparency. We aspire to make a positive impact on the lives of our clients by delivering tailored legal solutions that empower and protect their interests.
Multilingual Lawyer
Communicating with your lawyer should not be a daunting task. We take pride in being able to communicate with clients in their native language. With proficiency in English, French, Turkish, and basic Italian, we ensure language barriers do not hinder effective communication with our clients.
REAL ESTATE LAWYER LOCATED IN TORONTO, ONTARIO
Residential and Commercial Real Estate Lawyer
Real estate law is a core component of our legal practice. From residential and commercial clients’ transactions like purchasing a single-family home to buying an office, our lawyer can help.
We represent buyers, sellers, landowners, landlords, investors, commercial and residential developers, brokers, lenders, and homeowner and condo associations in every aspect of real estate law. Whether buying, selling or leasing commercial or residential property in Greater Toronto, we have the knowledge and expertise to help you achieve your goals and protect your interests. Working with a real estate lawyer can prevent legal problems, saving time and money.
Insight Law Professional Corporation is based in Toronto, Ontario, and provides comprehensive real estate transaction services.
WHAT PEOPLE SAY
Real Estate Lawyer 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.
I had an excellent experience working with Demet and Dancy from Insight Law Office on a recent real estate transaction. Demet demonstrated outstanding expertise and professionalism, making the entire process seamless and stress-free.
Demet did a fantastic job closing the buy and sell of our homes. She is very professional, and knowledgeable. We had to change lawyers last minute, and she took over our files just 2 weeks before closing. Despite the time crunch, she successfully handled both transactions and gracefully managed everything from beginning to end. I would definitely recommend her and her services!
Insight law firm was recommended to me and i was amazed how easy they made it for me to get my mortgage done and very reasonable prices. I definitely plan on using them again and highly recommend insight law very knowledgeable and respectful also very good at answering questions and returning calls and answering emails
Murray
Demet did a through review of the documents that I gave her. It was detailed and insightful. She was also very prompt in her response and communication. Highly recommend their service
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.
Real Estate Law Services
Purchasing Real Estate in Toronto
Real estate lawyers in Toronto play an essential role early on when purchasing real estate in Toronto. Purchasing real estate in Toronto can be complex and challenging, but with the right team, it can also be a rewarding and enjoyable experience. Working with experienced professionals ensures your purchase goes smoothly and your interests are protected at every step.
Real estate lawyer should be contacted as soon as the purchase and sale agreement for the new home is signed.
At Insight Law Professional Corporation, our real estate lawyer will conduct a title search, secure your title insurance, complete the registration under your name, prepare your Statement of Adjustments, and handle the financial aspects of the transaction on closing day. After the transaction is finalized, the real estate lawyer will provide you with the lockbox code to access your new home. With the expertise of a skilled real estate lawyer, your home purchase in Toronto can be smooth and stress-free.
Selling Real Estate in Toronto
Real estate lawyers play a key role when selling real estate in Toronto. This process involves complex legal requirements to ensure a successful and legally compliant transaction. Understanding your legal obligations and working with a knowledgeable Toronto real estate lawyer is crucial to protecting your rights and interests as a seller.
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.
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.
By reviewing mortgage documents, doing title searches, coordinating with the lender, ensuring compliance and providing legal advice, your lawyer can guide you through the process.
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.
Call us if you need a Toronto Real Estate lawyer for such a transaction.
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.
If you need assistance from a Toronto real estate lawyer for property assignment, contact us.
Survivorship Application in Toronto
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.
Land Transfer Tax Calculator
GET ANSWERS
Real Estate Law Frequently Asked Questions
+ When to Contact a Real Estate Lawyer?
Buyers and sellers will want to contact a real estate lawyer as soon as an Offer to Purchase is signed. Conveyance of a property can be complex and time-consuming – real estate lawyers have the experience and expertise to make sure the process is smooth and headache-free. Your Lawyer can explain the terms in plain language the steps you will need to take and help you guide throughout the process.
+ What services do real estate lawyers provide?
Real estate lawyers provide a wide range of services, including drafting and reviewing contracts, negotiating deals, conducting due diligence, advising on zoning and land use regulations, handling title searches, and order title insurance.
+ When do I need to hire a real estate lawyer?
Whenever you are involved in a real estate transaction, whether you are buying, selling, leasing, or managing property, you should consider hiring or consulting a lawyer.
+ What is a title search?
A title search is a process of examining public records to determine the legal ownership of a property and to identify any liens, mortgages, or other encumbrances on the property.
+ What is title insurance?
Title insurance is an insurance policy that protects the buyer and lender from losses that may occur due to defects in the title, such as undisclosed liens, boundary disputes, or errors in public records.
+ What does “disbursements” mean?
Disbursements refer to the various expenses incurred during a real estate transaction. These expenses can include things like land transfer taxes, title searches, title insurance, appraisal fees, tax certificates, software and office charges, and any other costs that are associated with the transfer of ownership from one party to another.
+ What Happens If I have a signed Agreement of Purchase and Sale but find a better property?
The Agreement of Sale and Purchase is a legally binding document that can be enforced in court. Therefore, it is not advisable to sign a second agreement without the seller’s consent to release you from the first agreement, or without being willing and able to purchase both properties.
+ Can I get my deposit back If I change my mind?
While it is possible to back out of a real estate deal, there are potential consequences. In cases where the seller incurs expenses such as mortgage holding costs or legal fees, or is unable to quickly resell the property, there is a likelihood that you may lose some or all of your deposit. Furthermore, if your offer was considerably higher than the new buyer’s, the other party may choose to pursue legal action against you.
+ What is the Land Transfer Tax?
Purchasing land entails paying taxes to the Province of Ontario, determined by the land’s assessed value. If you are a first-time homebuyer, you may qualify for a partial land transfer tax refund.
Please refer to the Government of Ontario website for calculating the Ontario Land Transfer Tax:
https://www.ontario.ca/document/land-transfer-tax/calculating-land-transfer-tax
If the property is located in Toronto then an additional Toronto Municipal Land Transfer Tax will also apply:
+ How much does it cost to hire a real estate lawyer?
The cost of hiring a real estate lawyer varies depending on the nature of the work, the type of the real estate transaction, the complexity of the transaction, and the experience of the lawyer. Some lawyers charge on an hourly basis, while others charge a flat fee.
+ Can I use a real estate agent instead of a real estate lawyer?
Real estate agents can help you find a property that suits your needs and provide valuable assistance in buying or selling a property, but they are not licensed to provide legal advice. It is important to hire a real estate lawyer to ensure that your legal interests are protected.
+ What is the Agreement of Purchase and Sale?
An agreement of purchase and sale is a legally binding agreement between a buyer and seller that outlines the terms and conditions of a real estate transaction, including the purchase price, financing terms, and contingencies. It defines the rights and obligations of both sides regarding the subject real estate transaction.
+ What is a contingency?
Typically, certain agreements of purchase and sale contain contingencies (or conditions) that must be met before a real estate transaction can be completed. Common contingencies include home inspections, financing approval, and appraisal.
+ What is an easement?
An easement is the legal right for one property owner to enter another’s without permission. An Easement runs with the land and binds all subsequent owners.
+ Can a real estate lawyer help with leasing commercial property?
Yes, a real estate lawyer can help with leasing commercial property by negotiating lease terms, reviewing contracts, and ensuring that the lease complies with applicable laws and regulations. Both landlords and tenants can hire their own real estate lawyers in order to obtain legal advice and other legal services regarding the lease.
+ What does a real estate lawyer do?
Real Estate Lawyers handle the Conveyancing of the Property, which includes handling the paperwork that transfers the property title to your name, dealing with your mortgage financing, and coordinating paying the seller the purchase price. Real estate lawyers review the legal documents and issues related to a transaction, including the legal review of the Agreement of Purchase or Agreement of Sale.
Buying or selling a home in Toronto might be challenging since this may be the most important transaction in a lifetime. While making every effort to ensure the transaction is closed smoothly and on time, our lawyers will also assist you in understanding the details of your transaction and strive to be accessible to you throughout the process. We provide quality legal services in real estate law to individuals and businesses while protecting the best interest of our clients, even in the most complex matters.
GET IN TOUCH WITH INSIGHT LAW PROFESSIONAL CORPORATION
Contact Real Estate Law Firm
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
