All real estate related posts.
When two or more owners are on a title, they are registered as joint tenants or tenants in common. This choice affects the property’s ownership when you sell or die. Joint tenancy Under joint tenancy, the right of survivorship is awarded to the remaining joint tenants. This means the portion of property owned by the…Read More
Property title is the legal term for the registered owner of real property. People listed on title legally own and have the right to occupy and use that property. Title can be held individually or by multiple people. Corporations can also hold title. Holding title Title can be held as: Freehold: Freehold ownership means that…Read More
In Ontario, when you select a real estate lawyer for your home purchase, you will be required to provide the lawyer with a number of materials prior to closing. Below, we explain what those materials are, how you can obtain them, and why your real estate lawyer will need them. Here’s What You Need Agreement…Read More
When you sell property, your Toronto real estate lawyer will require that all registered owners sign the transfer documents. When a married couple buys a home, both parties are generally the registered owners, or on title. When only one spouse in on title, the other is most often required to sign the documents even though…Read More
Obtaining a mortgage from a financial institution is a common thing to do when purchasing a home. Mortgage documents that a buyer must sign include standard terms, which outline the resources available to the bank in the event of non-payment by the borrower. One such recourse is the bank’s power of sale. Notice of Sale…Read More