Real Estate Lawyers in Thornhill, Ontario
Buying a Real Estate Property in Thornhill
Selling a Real Estate Property in Thornhill
Refinancing a Real Estate Property in Thornhill
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I was so happy with the services I received at this extremely professional and toward thinking law firm. From the beginning of the transaction Axess Law guided me through a easy and painless legal experience. Axess Law’s lawyers are kind and care about their clients. The administration team is also very knowledgeable and organized. I would recommend this firm to anyone looking for a professional legal experience.
Extremely impressed by the services and convenience provided by Axess Law. We have engaged with Davinder a few times for different services, and it has been a breeze each time. We've been able to do both remote and in-person visits, and she has been very professional and forthcoming in all her advice. Their prices are fair too, so I would definitely recommend them to anyone looking for the legal services that they provide.
We had a family member who was in serious financial difficulty due to the Covid-19 pandemic impact on their income. I contacted Trina Powell with Axess Law following considerable research. Our experience with Trina and her firm exceeded our expectations in terms of fast response to our inquiry, sensitive consultation, appropriate solution, and follow-up. The best word to describe our experience is "professional."
I contacted Axess Law to prepare a legal document; they have a very easy online booking system. When I arrived to thier office I dealt with a lawyer by the name Pratheeb Uthayakumar; he is very knowledgeable and pleasant to deal with. I highly recommended Axess Law.
Great experience, professional, knowledgable and pleasant staff, they guide you through a simplified process and explain everything. I definitely recommend them and will return again for future business.
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E-sign Legal Documents by Video
You can often lease a coach house or other part of your home without informing your lender provided:
- you still occupy the home
- your mortgage doesn’t require it
- and you are honest if your lender asks.
Selling is a different matter. Your mortgage is secured by the equity in your home, which is why the lender is on the title. Transferring title to any part of your home without consent can result in a demand for immediate repayment, or a court injunction to prevent or void the sale.
It definitely takes more work than being an employee. Fortunately, Ontario lenders are warming up to self-employed borrowers. With a positive cash flow (two to three years of steady income as demonstrated by your tax assessments), CMHC, Genworth, or Canada Guaranty may offer a high ratio mortgage with 5%-19.9% down.
For entrepreneurs just starting out, or if your income fluctuates but you have a solid credit history, Genworth or Canada Guaranty are options. Both require 10% down. Otherwise, you may have to find a private lender, put 20% down, and prove you can support the monthly payments.
Balconies in condos are usually “exclusive use” common elements. While only the owner can use their own balcony, the corporation is responsible for its upkeep.
What you do with your balcony is restricted by your corporation bylaws, rules, and regulations. For instance, you can likely put out patio furniture for your own enjoyment, but you can’t hang laundry to dry or paint balcony railings.
Common sense applies when it comes to repairs. If you or your guests damaged the balcony, you will likely have to repair it at your own expense. But if all the concrete balconies are pitted from exposure to rain and snow, the corporation reserve fund is used to restore the balconies to a safe condition.
Ask the condominium corporation if you are uncertain who owns the balconies.
Having your agreement of purchase and sale reviewed by Axess Law’s virtual real estate lawyers or in person ensures you make an informed decision. We explain all the details before you make legal commitments and point out terms and conditions you may want to alter.
Our real estate lawyers go over condo status certificates for details your realtor skipped over, like whether the reserve fund for major repairs is adequate or if the condo corporation has legal problems.
Building a new home? We have real estate lawyers nearby who can check pre-construction purchase contracts or assignments for sale for legal issues you may encounter.