Real estate transactions made simple, that’s Axess Law Bancroft’s commitment to you. We give you only the legal services you absolutely need when you buy or sell real estate in Ontario. Axess Law Bancroft is a virtual lawyer service.
Close real estate transactions quickly and conveniently with Axess Law Bancroft. Virtual real estate transactions take the pain out of getting to legal appointments on time. Our remote real estate lawyers connect with you online, via Axess Law Bancroft’s secure, confidential video conferencing software. Finalize your next home purchase or sale from your home or office, for less than you might normally pay.
Buy a new build or resale home with confidence when you use Axess Law Bancroft. Our virtual real estate lawyers go over the fine print in your agreement of purchase and sale for legally binding completion dates. Adding conditional clauses can protect your financial interests. Axess Law Bancroft negotiates to amend your agreement to get your deposit back if the deal falls through.
Keep home selling expenses under control with Axess Law Bancroft’s flat rate legal services. Our virtual real estate lawyers review offers to purchase, and search your title for financial claims that can delay your closing. When a buyer is unhappy with their home inspection report or needs more time, Axess Law Bancroft negotiates with their lawyer for you. Call us for flat rates and great service.
Interest rate pressures can keep you up at night, thinking about how to afford the extra hit on your personal finances. Breaking a mortgage before the term is up can incur prepayment penalties, but may be worth the one-time expense.
Axess Law Bancroft’s virtual real estate lawyers finalize legal documents your mortgage lender requires when you refinance to get a better rate.
Picturesque Bancroft got top billing in Moneysense.ca’s Where to Buy Real Estate (2021. Bancroft’s walkability, and proximity to over 70 lakes, make the Algonquin Provincial Park destination a cottage country favourite. A vibrant shopping, dining, and theatre scene, and the lure of working remotely, have turned the York River town site into an “economic powerhouse” (Moneysense.ca). Minerals and gems are free for the picking at Canada’s Mineral Capital. Bancroft hosts an annual Rockhound Gemboree, adding to the 150,000 tourists who stop in to just hang out, or visit Eagle’s Nest Park and Lookout.
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They might, provided they have occupied the property for at least 10 years without any objection from you. Ontario has upgraded property owners’ land rights from a land registry to land titles system. Not all property has been converted to the new land titles system, and if yours is one, a squatter could claim “adverse possession” of it.
Squatters have to prove:
It’s a warning to landowners to make a written agreement with tenants about who owns a property, and update it regularly.
Not without purchasing a property, or being added to the property title. While arguably it’s possible the property owner could include you on the title, that’s unlikely unless you’re a family member, business partner, or have some other close relationship.
Only a property owner or their representative, or person named on the property assessment notice, can have a property reassessed in Ontario. A “request for reconsideration” by the Municipal Property Assessment Corporation (MPAC) is filed online. You can call MPAC at 1-866-296-6722, or find the request form on their website.
If a reconsideration is unsuccessful, the legal owner(s) can file an appeal with the Ontario Assessment Review Board (ARB). ARB is an independent tribunal that will reach its own decision on the proper assessed value.
Not without cause. Condo corporations are required by the Condominium Act, 1998 to approve applications to install electrical vehicle charging systems. The board must respond within 60 days of your written request.
Of course, exceptions exist. You could be turned down if:
Condo boards are required to get a qualified professional opinion or report if they plan to refuse your application. You are entitled to a copy when the corporation responds.
It’s worth reviewing the Act, section 24, before approaching your condo corporation. You could be asked by the condo board to change your submission to prevent adversely affecting other owners’ enjoyment or use of their units, or common property. Reading the Act can assist you in figuring out what to do next.
You can decide as a couple to rent the home to make the mortgage and property tax payments until you are ready to sell.
Nesting is a sometimes-used option for couples with kids. Your kids live in the home full-time, and you and your spouse take turns living with them. Nesting presumes you have other housing when it’s not your week with the kids. Get a written, court-ordered or voluntary parenting time agreement if that’s what you decide to do.
Once you sell, you’ll share the net proceeds 50/50 after commissions, legal fees, and other charges are deducted. For homes that were a gift or inheritance, your share is usually 50% of the difference between what the home was worth when received, and its current fair market value.
