OUR SERVICES
Real Estate Law
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CLOSING FOR BUYING OR SELLING
Every buyer or seller will want to get their money or their house at the end of the transaction. We ensure a detailed closing process for the contract and aid in mortgage refinancing. Our team will make sure of just that. We will help you review the contract, examine the title to the property, and prepare financing documents, considering CMHC obligations, if any, prepayment privileges, ownership obligations.
CURING A TITLE
If the home title is not researched and 'cured' before a final transaction, you may find yourself in a sticky situation. It is incredibly risky to buy before 'curing' a title. The Seller should do this because they cannot claim full, undisputed rights to a title.
It could be something like a disagreement with a neighbour who claims that the property's boundary line isn't where it is supposed to be or a forged document 25 years ago from a previous owner.
The most common title defects are
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Unknown Easements
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Undiscovered encumbrances
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Errors in the public record
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Contested and Missing Wills
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Unknown Liens
TITLE INSURANCE
You may find yourself in a difficult situation if you find that you have issues regarding your title; for example, your neighbour may suddenly argue that part of your property is theirs. Your property is just like a prized possession, and you will want to protect it.
You may want to quickly get legal advice as it is tough to understand the intricacies of the law and find it tremendously stressful. MJD Lawyers have represented several such cases and have aided clients in resolving issues regarding the title.
CONDO STATUS REVIEW
If you consider purchasing a condo, you may want an expert eye to look into details to ensure that you don't land yourself in a difficult situation later.
Our experienced group of lawyers will closely review the intricate details of topics like the following;
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Common Expenses
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Budget
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Reserve Fund
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Legal Proceedings and Claims
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Agreements with owners relating to common elements
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Leasing of units
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Substantial changes to the standard features, assets or services
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Insurance