Real Estate Lawyers in Oakville, Ontario
Property Law Experts with 20+ Years of Experience
Having a trusted real estate lawyer in your corner is crucial to protecting your financial interests in any real estate transaction. At Nanda and Associate Lawyers, our experienced Oakville real estate lawyers have been looking out for our clients’ interests in all real estate matters for more than twenty years. Our services include drafting of agreements, facilitating the closing, verification of all the documents associated with the deal, checking the compliance, title search, and more. Be it the sale, purchase, or refinancing of a real estate property, you can rely on us to offer you timely and pragmatic solutions to safeguard your investment.
If you are buying property, we can help you with drafting the agreement, due diligence and title search of the property, flagging issues for resolution before closing, and the verification of the documents and monetary transactions between the parties. If you are the seller, we can help you by ensuring that the terms of the agreement do not hurt your interests, resolving all issues before the day of closing, facilitating the title transfer in the land registry system, and verifying documents and the transaction to finalize the closing. If you need legal guidance or any assistance in real estate matters, do not hesitate to get in touch with our experienced real estate lawyers in Oakville today!
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TRUSTED CLIENTS
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4.8 Star Rating
Our Real Estate Law services in Oakville
- Assignment Agreements
- Commercial Mortgage Refinancing
- HST New Housing and/or Rental Rebates
- Non-Resident Tax Implications & Other Issues
- Purchase of Residential Property
- Purchase and Sale of Vacant Lands
- Purchase and Sale of Farm Properties
- Purchase and Sales for Non-Residents
- Private Lender Mortgages and Refinancing
- Purchase of Newly built Builder Properties
- Purchase of Commercial Properties
- Residential Mortgage Refinancing
- Sale of Commercial Properties
- Sale of Residential Property
- Transfer of Title/Ownership
- Buying/Selling House and Condo
- Title Insurance
- Land Transfer Tax: Ontario
- Land Transfer Tax Refund: Ontario
- Land Transfer Tax: City of Toronto
- Closing Adjustments
- Mortgage Financing
- RRSP Program
- TARION: New Home Warranty
- Types Of Ownership
- Insurance: 3 Types
- Condo Rules
- Buying Condo from a Builder
Sale
When you are selling your residential or commercial property in the real estate market, you will need the services of a real estate lawyer to help you throughout the process. The services of an experienced real estate lawyer will be valuable when drafting the agreement of purchase and sale, resolving any of the issues raised by the buyer before the closing, and for the final verification of the documents and funds transferred. If you are planning to sell your property and require legal assistance with any aspect of the sales process, especially the closing or title transfer, feel free to connect with our Oakville real estate lawyers for assistance!
Purchase
A real estate transaction involves many inherent risks for both parties involved. However, it can be argued that the principle of ‘buyer beware’ puts the onus on the buyer to ensure that the property they are acquiring meets the standards as mentioned in the agreement. Our experienced Oakville lawyers can come to your aid in such cases. We will do the necessary due diligence and title search to ensure that there are no undeclared liens, debts, encumbrances, or mortgages against the property. We will identify any defects on the title and advise you on whether you require title insurance to safeguard against title defects, claims on ownership, or title fraud.
Refinancing
Refinancing allows you to convert an existing mortgage into a new one with renegotiated terms. In the process, it might be possible for you to reduce your monthly payments, interest rate, or the duration of the loan altogether. It is advisable to pursue this option when you want to consolidate your debt or access your home equity for renovation. However, it is best to consult with our experienced real estate lawyers in Oakville to see how the terms of the new mortgage align with your financial goals.
How can our Real Estate Lawyers Oakville help you?
In any transaction that involves a significant amount of money, it is best to have an experienced lawyer in your corner looking after your interests. This is particularly true in the case of real estate transactions, where various federal and provincial laws come into play, including environmental regulations and zoning bylaws. With the assistance and guidance of our knowledgeable real estate lawyers in Oakville, you will be able to confirm whether the property in question does comply with such laws and regulations before you commit to the deal.
Awards & Recognition
Connect with our Real Estate Lawyers in Oakville today!
You can always rely on our real estate lawyers to handle your case effectively and to safeguard your legal and financial interests throughout. Right from the initial stage of drafting the agreement to the final stage of verifying the closing, we will offer you effective and timely legal support to ensure a smooth real estate transaction for both parties involved. If you require any assistance with your real estate transaction, get in touch with our real estate lawyers in Oakville today for legal guidance.
Experienced Team
We hold many years of experience in Real estate law. We are always up to date with any law changes, so that you have accurate guidance.
Proven Track Record
We have assisted our clients in many aspects of real estate in Canada. For buying, selling to refinancing, we perform all with through reviewing and drafting of documents.
Personalized Approach
In real estate, various people have various needs. Some might need assistance in mitigating potential liabilities and disputes, and some might need help in preparing necessary documents. Rest assured; we have solution to all your real estate problems.
Compassionate Support
Real estate transactions sound technical when said out loud, but the entire process holds immense emotions. For someone it is the pain of selling their home because they need funds, and for someone it can be a new beginning, settling their family in a new home. We tailor our approach as per your situation!
Client-Centered Service
We believe that exceptional service is the key to a successful business. This is why instead of being service focused, we are client focused.
Top Rated Firm
We are recognized for our excellence in real estate law since 2003, with a reputation built on trust, success, and client satisfaction.
Frequently Asked Questions
Who pays the land transfer tax in a real estate deal in Ontario?
The buyer of the property generally pays the land transfer tax in a real estate transaction in Ontario. It is therefore important that you factor in this amount in the property price, since it needs to be paid in full for the property title to be transferred to the new owner. The land transfer tax is calculated based on the value of the property, and in the case of first-time buyers, they might be eligible for a tax refund. It is best to consult with our Oakville real estate lawyers for better clarity on the tax and other financial obligations associated with the real estate transaction.
Why do I need a lawyer when selling a house?
The services of an experienced real estate lawyer will be indispensable when you are selling a house, especially if you are dealing with the real estate market for the first time. A real estate lawyer can help you in drafting and reviewing the agreement to ensure that terms do not hurt your interests, and they can also help in resolving any issues raised in relation to the property before the closing. Your lawyer will also be checking and verifying all the submitted documents and the final fund transfer on the day of the closing. Most importantly, in most provinces, such as Ontario, you will require the services of a solicitor to register the title transfer in the Land Registry system. It is therefore essential for you to hire a real estate lawyer when selling your house. Feel free to get in touch with our experienced real estate lawyers in Oakville for a consultation.
How long am I liable for property defects after selling a house in Canada?
This depends on the nature of the defects and the two-year time limit applicable in most cases.
- Patent defects: Patent defects are noticeable or visible defects on the property that should have been identified by the buyer during their inspection before the closing. These defects fall under the category of ‘buyer beware.’ In other words, it was the responsibility of the buyer to get these defects rectified before the closing. After closing, the seller is no longer liable for them.
- Latent defects: These are defects not easily discovered in an inspection, and therefore, the seller has certain obligations to reveal them to the buyer before the closing. Whether the seller did not reveal this information intentionally or unintentionally, depending on the nature of the defects, the buyer might have the legal right to sue the seller when the damage is finally identified.
- Time limit: Generally, there is a time limit of two years applicable to such liabilities arising from latent defects. However, there might be some variation in certain cases across the different provinces and territories.
In the event of a latent defect, it is best to consult our Oakville real estate lawyers to explore your legal options against the seller.
What is the difference between a chattel and a fixture?
You might have come across the terms ‘chattels’ and ‘fixtures’ in the agreement of purchase and sale. The term chattel refers to any item that is on the property that is movable or not fixed to the property, such as furniture, a refrigerator, or a dishwasher. Fixtures, on the other hand, refer to items that are fixed onto the structure of the property, such as the air-conditioning system or the plumbing lines. In most cases, it will be impossible to remove these items without causing some damage to the property. It is important to pay attention to the terms and conditions in the agreement regarding the chattels and fixtures on the property before you commit to the transaction.
What are the consequences of failing to close a real estate transaction?
The agreement of purchase and sale is a legally enforceable contract between the buyer and the seller. If either party were to fail in fulfilling their obligations as per the agreement, it could lead to the following consequences.
- Forfeiture of the deposit amount: If one of the parties defaults on their obligations, as per the terms of the agreement, the aggrieved party can request the release of the deposit amount in their favour.
- Liability for damages and costs: If the aggrieved party incurred serious damages because of the defaulting party reneging on the deal, they may approach the courts for damages from the defaulting party.
If you are unable to fulfill any of the obligations in the agreement of purchase and sale, you need to consult our Oakville real estate lawyers at the earliest for legal support and representation in court, if necessary.
What is a title search?
A title search is done to check the ownership and mortgage records on the property title. This helps in establishing the actual legal ownership of the property and in uncovering any liens, encumbrances, mortgages, or claims against the property. Our experienced real estate lawyers can help you with the title search of the property and advise you on the best course of action if any major issues are identified before the closing.
