Jason  Lee

Jason Lee

Broker

Home Standards Brickstone Realty

Mobile:
(416) 220-9899
Office:
(905) 771-0885
Email Me

Jason Lee's blog

PROBATE AND THE SALE OF PROPERTY

As real estate, wills and estates lawyers, we are often asked by realtors and clients to advise as to whether or not a Seller must obtain probate in order to sell a property when the registered owner is deceased. When we advise that the Seller must obtain probate in order to sell the property, realtors will often ask us whether the property can be listed for sale and sold prior to the Seller receiving the actual probate.

WHAT HAPPENS WHEN THERE IS DAMAGE TO A PROPERTY PRIOR TO CLOSING

It is not unusual for a property to suffer damage, substantial or otherwise just prior to closing. In most situations, minor damage to a property just prior to closing would not provide the Buyer with the right to refuse to close the transaction. However, an interesting decision of the Superior Court of Justice highlights how parties should conduct themselves when there is substantial damage to a property prior to closing.

THE ROLE OF A REAL ESTATE LAWYER WHEN BUYING A HOME

Buying a home is a significant decision and financial commitment which one may only do a few times in one’s lifetime. Prospective homebuyers spend a great deal of time and research to learn as much about the property as possible. However, Buyers are often unaware of the process involved in the actual home buying process itself.

What You Need to Know About Buying a Pre-Construction Condominium

Buying a pre-construction condominium is a complicated process. In some cases, the easiest part is actually finding a new condominium to purchase. Once you find the right condominium, the legal process begins when you sign on the dotted line. This column will examine the legal process involved when buying a brand new condominium and provide some insight into the risks involved.

BUYING A CONDOMINIUM WITHOUT A STATUS CERTIFICATE REVIEW

Today’s hot real estate market has created many Buyers for few properties with the result being that multiple offers are often the norm.  To ensure that your offer will be accepted, a Buyer may submit an offer without the usual clause making the offer conditional on a lawyer’s review of the Condominium’s Status certificate and related condominium documents.  While such an offer may improve the chances of your offer being accepted by a Seller, there are risks in submitting an offer without a condition on Status Certificate review.  This column will exami

COMMON MISTAKES AND HOW TO AVOID THEM

In real estate, timing is everything. During the last 6 months, there have been winners and losers in the real estate market. Those Sellers who were fortunate to sell and close prior to the dramatic change in the market were the winners and those who bought at inflated prices and closed may be the losers, however, they may have benefited from lower interest rates on their mortgages. As real estate lawyers, we see the good, the bad and the ugly. The ugly part of our job is advising either Buyers or Sellers when deals are falling apart.

THE NEW LAW ON PROHIBITING FOREIGN HOME BUYERS – WHAT DOES IT MEAN?

THE NEW LAW ON PROHIBITING FOREIGN HOME BUYERS-WHAT DOES IT MEAN?

IMPORTANT INFORMATION REGARDING THE NEW TORONTO VACANT HOME TAX

The City of Toronto has implemented a new Vacant Home Tax (VHT) which takes effect on January 1, 2023.

THE DANGERS OF HOLDBACKS

The term holdback is often used by Buyers, Sellers, Realtors and Lawyers. A holdback is often suggested as a solution to a problem which cannot be resolved prior to closing. Holdbacks arise in several different scenarios, the most common of which is where a Buyer attends at a property just prior to closing and discovers that an item is broken or damaged and wants the Seller to repair or replace it. In many cases, the item cannot be repaired prior to closing.

Syndicate content

Have Questions?

You hereby consent to receive calls or texts messages from www.torontopin.com. You may unsubscribe at any time by clicking the UNSUBSCRIBE link in the email or by replying "UNSUBSCRIBE" to the text message.