What can a Real Estate Lawyer Do for you?

When you are buying a property a Real Estate Lawyer Brampton will review your Agreement of Purchase & Sale, if you are buying a condominium then your Lawyer will review your condo certificate also known as Status Certificate. If it is a new built then your lawyer should review your construction agreement to provide Lawyer’s Approval as to form and content. Real Estate will also do title searches, tax searches, verify your identities, check for any defects in the title, as well request a statement of account from vendor’s reflecting any deposits made by the buyer, unpaid or paid taxes, and unpaid or paid condo fees, also request the vendor’s Lawyer to send the keys along with signed transfer documents.

Few days before closing the Real Estate Lawyer’s office will contact the buyer to set up an appointment for in-person signatures. On the date of closing, the lawyer will also request funds from your mortgage broker or bank.

Once the funds are wired into the account of the Lawyer then the Lawyer will prepare certified cheques to make payment s to the vendor’s Lawyer, pay any property taxes, register the property in the buyer’s name, send letters to the city or municipality informing them of change in title as well as condo corporation. However, it is always advisable to call your municipality and condo corporation yourself because many municipalities do not deal with third parties until the actual owner calls. Once the title is registered in the name of the buyer, then the lawyer will prepare a final report with all account statement to be given to the client as well refund in the excess amount held in the trust account.