Understanding the Real Estate Escrow Process Definition Escrow is a financial arrangement where a neutral third party, known as the escrow agent, holds funds and documents on behalf of the parties involved in a transaction until all conditions are met. This arrangement safeguards both parties by ensuring that the terms of the sale are fulfilled… Continue reading Real Estate Escrow Process in Canada
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.
Real Estate Conveyancing in Canada
Real Estate Conveyancing Understanding the conveyancing process is essential for smooth property transactions. In Canada, the steps may vary slightly by province, but the fundamental elements remain consistent across the country. Retaining a Real Estate Lawyer or Notary Public Engaging a qualified real estate lawyer or notary public is crucial in the conveyancing process. These… Continue reading Real Estate Conveyancing in Canada
Who Can Put a Lien on Your House in Ontario? Find Out Here
Understanding Property Liens Several entities in Ontario can place a lien on your house, each regulated by specific laws and criteria. Knowing these regulations helps you safeguard your property. Construction Act Under the Construction Act, any individual or entity supplying services or materials for property improvement can place a lien on the home. This includes:… Continue reading Who Can Put a Lien on Your House in Ontario? Find Out Here
Who Signs First at Closing: Buyer or Seller?
Key Highlights The closing process for buyers and sellers is different, with buyers typically signing more documents. Sellers need to bring keys, codes, and garage door openers to closing. Buyers and sellers both need to bring necessary identification to closing. Sellers may need to bring final utility bills and of repairs to closing. Buyers should… Continue reading Who Signs First at Closing: Buyer or Seller?
Essential Guide to Delayed Closing Compensation
Key Highlights Closing delays can result in penalties for the buyer, such as perem charges and forfeiting the earnest money deposit. Sellers have the option to cancel the sale if the closing is delayed, but buyers can seek legal recourse if they have a legitimate reason for the delay. Compensation for delayed closings can be… Continue reading Essential Guide to Delayed Closing Compensation