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
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 Happens If I Can’t Close on My Toronto House?
The excitement of buying a Toronto home is undeniable. After searching countless listings, navigating competitive bidding wars, and finally having your offer accepted, the finish line is in sight. You’ve likely envisioned packing boxes, planning renovations, and making your new place truly feel like home. But what happens when unforeseen circumstances threaten to derail that… Continue reading What Happens If I Can’t Close on My Toronto House?
Property Transfer from Parent to Child in Canada
Understanding Property Transfer Laws in Canada Property transfer laws in Canada are governed by both federal and provincial regulations. Transferring property from parent to child involves legal documents that need to be prepared, such as a deed of transfer. Additionally, there may be property transfer taxes that vary by province. It is important to comply… Continue reading Property Transfer from Parent to Child in Canada
Closing Costs Toronto – A Complete Guide
Closing costs are an essential aspect of any real estate transaction, including the purchase of a home in Toronto. These costs, which can vary depending on the property price and location, cover various fees and expenses that ensure the legal transfer of property ownership. Understanding closing costs is crucial for homebuyers, as they can significantly… Continue reading Closing Costs Toronto – A Complete Guide
How to Make a Will in Canada
Creating a will is an essential part of estate planning, regardless of your age or assets. A will allows you to determine the distribution of your assets, name guardians for your minor children, express your final wishes, and provide peace of mind for your loved ones. However, the process of making a will can sometimes… Continue reading How to Make a Will in Canada