If you’re buying or selling a home in Ontario – whether you’re a first-time homebuyer, a real estate investor, or a property seller – you may have heard the term “escape clause” in real estate contracts. It might sound daunting, but in reality, an escape clause is a valuable tool that can protect your interests while… Continue reading Afraid of Getting Stuck? What Is an Escape Clause in Real Estate & How It Protects Your Freedom, Money, and Peace of Mind
Author: Daniel La Gamba
Daniel is one of the founding partners of LD Law. Having closed thousands of real estate transactions in his career, Daniel caters to a wide range of clients from the nervous first time homebuyer to the seasoned real estate investor. In addition, Daniel also advises clients on wills and estates and business and corporate law matters. Daniel is a well-known real estate lawyer Toronto.
What Is a Cap Rate in Real Estate? Unlock the Secret to Smart, Low-Risk Investments Without Misunderstood Math!
A cap rate in real estate means the rate used to weigh out a property’s expected income versus its price. In Toronto and Ontario at large, we tend to underestimate the real influence cap rates hold in determining deal strength in real estate transactions. Our experienced team assists clients in leveraging cap rates to identify… Continue reading What Is a Cap Rate in Real Estate? Unlock the Secret to Smart, Low-Risk Investments Without Misunderstood Math!
Unlock Real Estate Security: What Does Freehold Mean in Real Estate & Why It Matters for Your Investment?
In Toronto real estate, freehold simply means that you own your house and the land it sits on, outright. Love the independence of no condo fees and no shared walls! Freehold homes remain the top choice for homebuyers in Ontario. They appreciate the autonomy to renovate, maintenance, and access to private outside space. Recognizing freehold… Continue reading Unlock Real Estate Security: What Does Freehold Mean in Real Estate & Why It Matters for Your Investment?
Avoid Costly Surprises: Master Property Tax Adjustments at Closing
Key Takeaways Using pro-rated property tax adjustments at closing helps ensure an equitable sharing of taxes accrued between buyer and seller. They properly prorate based on how long each side has owned the property. This public process reduces the potential for disputes and promotes transparency. So knowing how to read a statement of adjustments is… Continue reading Avoid Costly Surprises: Master Property Tax Adjustments at Closing
Uncover Hidden Tax Breaks on Rental Property Closing Costs!
Key Takeaways Not all closing costs are tax deductible, though. Knowing deductible expenses is half the battle. Watch for closing costs such as loan origination fees, prepaid interest and any real estate taxes paid at closing. Mortgage insurance premiums are deductible only in certain circumstances. If you’re making these kinds of payments, keeping detailed records… Continue reading Uncover Hidden Tax Breaks on Rental Property Closing Costs!