Real Estate Lawyer Toronto

REAL ESTATE LAWYER TORONTO

Property Lawyer Toronto

Buying, Selling or Refinancing a Home is exciting as well as a stressful process. At Shaikh Law, our aim is to provide a smooth, efficient and enjoyable experience for our clients.

Our Real Estate Lawyer Toronto has the experience and knowledge to help our client for range of Transactions including residential Sale, Purchase, Refinance, same day Sale & Purchase, bridge financing, interim closings for town house or a condo, Secondary Mortgage, Line of Credit, Discharge of Mortgage, Transfer of title of Matrimonial Home as per Separation Agreement or Court Order, Simple Transfer of Title, Private Lending, Independent Legal Advice Real Estate or Mortgage (ILA) and much more.

When you come to our Real Estate Lawyer Downtown Toronto, you know that you will be coming to the Lawyer in doing just Real Estate Closing in Toronto. We have A+ Rating by Better Business Bureau (BBB) and continue to provide A+ service to our clients.

Our Staff and Lawyers are multi lingual and are fluent in English, Hindi, Punjabi, Urdu and Gujarati.

What We Can Do For You?

Purchase
Sale/ Transfer/ Refinance
Bridge Loans
Purchase

Real Estate Lawyer Toronto Fees

Fixed Closing Costs | No Last Minute Surprises
Real Estate Lawyer Brampton

Interim Closing

Legal Fees $270 
Disbursements $180
TOTAL $450 + HST
 All inclusive & Transparent Legal Fees and Disbursements
No Hidden Charges  
Total Fees Structure available 24/7 to Client
One Signing Appointment INCLUDED
After Office Hours Appointments INCLUDED
Two Cheques Certification INCLUDED
Review of  Interim Closing Documents INCLUDED
Unlimited access to your Real Estate Lawyer and Real Estate Law INCLUDED
Printing, Faxes, Courier Charges INCLUDED
One Title Search INCLUDED
Two Writ Searches INCLUDED
$99 Discount  included in Legal Fees subject to verification of two Feedback Reviews received prior to Closing INCLUDED
Any Travel to the Builder’s Lawyer Office INCLUDED
GET $45 Discount on Second Real Estate Transaction
Real Estate Lawyer Brampton

Purchase

Legal Fees $630 
Disbursements $270
TOTAL $900 + HST
  ADD $99 +HST if purchase with a mortgage. Total Legal Fees including Disbursements would be $999 + HST.
  All inclusive & Transparent Legal Fees and Disbursements.
  No Hidden.
  Total Fees Structure available 24/7 to Client
  One Signing Appointment INCLUDED
  Home Office Signing by Authorized Staff INCLUDED
  After Office Hours Appointments INCLUDED
  Securing Title Insurance INCLUDED
  Review of Insurance Binder INCLUDED
  Unlimited access to your Real Estate Lawyer and Real Estate Law Clerk INCLUDED
  Printing, Faxes, Courier Charges INCLUDED
  One Title Search INCLUDED
  Two Writ Searches INCLUDED
  ADD $75.63 per Government Registeration.
  ADD Cost of Title Insurance, Land Transfer Tax.
 GET $45 Discount on Second Real Estate Transaction
Real Estate Lawyer Brampton

Sale or Refinance

Legal Fees $630
Disbursements $180
TOTAL $810 + HST
All inclusive Transparent Legal Fees and Disbursements
No Hidden Charges
Total Fees Structure available 24/7 to Client
INCLUDED
One Mortgage Payout INCLUDED
Home Office Signing by Authorized Staff INCLUDED
After Office Hours Appointments INCLUDED
Securing Title Insurance for Refinance INCLUDED
Review of Insurance Binder for Refinance INCLUDED
Unlimited access to your Real Estate Lawyer and Real Estate LawINCLUDED
Printing, Faxes, Courier Charges INCLUDED
One Title Search INCLUDED
Two Writ Searches INCLUDED
$180 Discount included in Legal Fees subject to verification of two Feedback Reviews received prior to Closing INCLUDED
ADD $75.63 per Government Registration Fees for Refinance.
ADD Cost of Title Insurance for Refinance.
ADD $75 Law Society Levy for Sale
GET$45 Discount on Second Real Estate Transaction

Note: Our all-inclusive Flat Legal Fees is based on a Residential Transaction for a vacant single-family property on the date of closing and upon receipt of mortgage instructions a week before closing (if applicable). If you are seeking to close a Commercial Real Estate Transaction, please visit our Corporate Lawyer Page.

Services Included in Fees

REVIEW & PREPARATION OF DOCUMENTS
SUBMISSION OF DOCUMENTS
PAYMENT TO PARTIES

GET A WRITTEN QUOTE

Closing Cost on Buying a Property

How to Find a Good Real Estate Lawyer

Do You Need a Real Estate Lawyer

WHY CHOOSE US

  • TRUST BY THOUSANDS OF SATISFIED CLIENTS
  • AMONG THREE BEST REAL ESTATE LAWYER TORONTO
  • FIXED CLOSING COSTS
  • ALL-INCLUSIVE LEGAL FEES & DISBURSEMENTS
  • BBB ACCREDITED LAWYER
  • TRANSPARENT LEGAL FEES STRUCTURE
  • START YOUR REAL ESTATE FILE ONLINE NOW
Real Estate Lawyer Toronto Fees

WHAT DOES A REAL ESTATE LAWYER DO?

Purchasing a property

It is the lawyer’s responsibility to ensure that all the paperwork is correct. A real estate lawyer will usually begin the process by conducting title searches and ensuring that appropriate title insurance has been arranged. It is their job to work on your behalf to make sure that your rights have been protected. They will then register the deeds of a property in your name. In terms of finances, your lawyer will draw up a Statement of Adjustments, which is a list of debits and credits such as deposits and fees which balances out to reveal what you actually owe at the end of the transaction. The lawyer will then arrange for all the finances to be transferred to the correct parties on closing day to ensure that the transaction is successfully completed.
Best Real Estate Lawyer Toronto

Selling a property

A lawyer will also need to carry out a title search on a property that you are selling to exclude the possibility of defects. They will then draft the deeds for the buyer. As with a purchase, it is the lawyer’s responsibility to draw up a Statement of Adjustments in order to calculate costs. They will then ensure the smooth transfer of funds on closing day and pay you the money you are owed after deducting any amount that is still owed on the mortgage, agent fees, and legal fees.

Refinancing

The process for refinancing begins in the same way, with a search being conducted to exclude defects. The purpose of this search is to protect both you from the owner and the money lender. Once the lawyer is satisfied that the searches are in good order, they will register the adjusted mortgage total and facilitate a transfer of the money. Rather than a Statement of Adjustments, in this case, the lawyer will draft a Trust Ledger Statement as the transactions only take place between you and the lender rather than another vendor or buyer.
Real Estate Lawyer Toronto Fees

HOW MUCH A REAL ESTATE LAWYER TORONTO COST?

We commonly get this question “How much does a Real Estate Lawyer Cost in Ontario?”. At Shaikh Law, our Real Estate Lawyer Toronto Fees is an all-inclusive flat Legal Fees inclusive of Law Office Disbursements. Our Fixed Fees for SALE & REFINANCE is $810+HST, Cash Purchase $900 + HST, Purchase with Mortgage $999+HST and Interim Closing $450 +HST.

Our Fees structure is transparent and is available 24/7 online. Our client can get an online written quote sent out to their inbox within a matter of 5 minutes. Our client may also wish to use our online closing cost calculator to estimate their taxes and disbursements. On Average total closing cost for cash, Purchase is $900 + HST and $999+HST with a mortgage which includes Law office Disbursements and Searches. Therefore a short answer to “how much does Real Estate Lawyer Cost? would be less than a $1,000.00

At Shaikh Law, we make full use of technology and online automated client registration system. We request our client to register online at our website or via email and thereafter we use one of the most advance conveyance software in the market. All the documents are registered electronically online and final reports are sent out to the client online as well. We are working on building a virtual automated available online 24/7 for our clients and hope to achieve them in the near future. You can carry your virtual lawyer with you anywhere you like. We request our clients to wish us well in our future endeavors towards high full automation.

It is important to note that what drives up the closing cost is not the Legal Fees but the third party expenses such as Title Insurance and Land Transfer Tax. If the Property is located in Toronto then our clients will be paying not one but two Land Transfer Taxes, one for the Municipality of Toronto and the other for Ontario Province. We can apply to get the Land Transfer Tax Rebate for our clients if all purchasers are first time home buyers. We can apply to save up to a maximum of $4,000.

Our prospective clients should be mindful of the fact that Fees and disbursements quoted by other Lawyers in Toronto can vary depending on the type of property, whether a condo or semi-detached or detached single house as well as property value, for example, most of the lawyer’s online quotes are limited to property value. We do not change our Fees Structure if your property Value is high or low.

We provide written quotes to our clients and we encourage our prospective clients to also to obtain written quotes for fees and disbursements and make sure you are fully informed about what services you will receive. The thing to bear in mind above all is that buying a property is not only an expensive and complex issue it is also, for most, something which is done only occasionally. This means there is all the more reason to choose a real estate lawyer in Toronto, Ontario early on in the process and one who will work to protect your interests all the way through. With this in mind remember that Cheapest Real Estate Lawyer Toronto is not necessarily the best option and that hiring a lawyer sooner rather than later in the buying process can help save you time, money and stress.

OTHER CLOSING COSTS

When Buying a Property

Title registration and Title insurance

The title registration is a process of transferring the title deeds of a property from one person to another. The title insurance is something different. Title insurance protects you from liability if a previously undiscovered defect is found. This can include encroachment onto a neighboring property, tax arrears or anything else that can affect the title. These things are usually found as part of the lawyer’s searches but can sometimes slip through. The insurance also protects against mortgage fraud, identity theft against and forgery. Registration will cost around $75 and Title insurance is estimated $1 to a $1,000 property value. Example $500,000/- house would cost around $500 in title insurance. This is just a general Guideline, we will provide a copy of the Invoice received from Title Insurance Company to all our client.

Land transfer tax

If you are buying a Property in the City of Toronto, then you would be subjected to two Land Transfer Taxes. First one is an Ontario Land Transfer Tax which is a provincial Land Transfer Tax applicable to all Land Transfers across Ontario. Thereafter you would be subjected to Municipal Land Transfer Tax or also know as Toronto Land Transfer Tax applicable only to property transferred within the City of Toronto. These taxes are calculated as a percentage of the purchase price of the property. We have provided a scale of Land Transfer Tax for Ontario and Toronto for your convenience hereinbelow.

Toronto Land Transfer Tax or Municipal Land Transfer Tax Effective March 1, 2017

For property containing at least one, and not more than two, single family residences with a consideration value of:

Value of ConsiderationMLTT Rate
Up to and including $55,000.000.5%
$55,000.01 to $250,000.001.0%
$250,000.01 to $400,000.001.5%
$400,000.01 to $2,000,000.002.0%
Over $2,000,000.002.5%
Plus Toronto Land Transfer Tax Administration Fee of $75 + HST is for processing each$75.00 + HST

For all other non-single family residences with a consideration value of:

Value of ConsiderationMLTT Rate
Up to and including $55,000.000.5%
$55,000.01 to $250,000.001.0%
$250,000.01 to $400,000.001.5%
Over $400,000.002.0%
Plus Toronto Land Transfer Tax Administration Fee of $75 + HST is for processing each$75.00 + HST

You can call 311 for Toronto Land Transfer Tax Monday to Friday 8 a.m. to 6 p.m.

Ontario Land Transfer Tax Effective January 1, 2017

Value of ConsiderationMLTT Rate
Up to and including $55,000.000.5%
$55,000.01 to $250,000.001.0%
$250,000.01 to $400,000.001.5%
$400,000.01 to $2,000,000.002.0%
Amounts exceeding $2,000,000, where the land contains one or two single family residences2.5%
Plus Land Transfer Registration Fees of $75 + HST is for processing each$75.00 + HST

Mortgage costs

Most banks don’t charge a mortgage arrangement fee but there may be a charge of $250-500 for a mortgage appraisal. Also, if you have a deposit of less than 20% or a repayment period of over 25 years, you may be required to take out mortgage default insurance which is payable on a sliding scale depending on the size of your deposit and cost of your home.

The final cost will vary depending on the property and the lawyer that you choose. Someone with more experience and greater expertise will understandably charge more than someone newly qualified. The more complicated a transaction, the more costly it will be as it will involve more chargeable hours, although a firm will usually quote a base fee so that you don’t have a nasty shock when you receive your final bill. As a rule of thumb, you can expect your entire closing costs, including lawyer’s fees to be around 2.5% to 3% of your purchase price.

Now you are aware of what legal costs you’ll be looking at when buying or selling a property, you’ll be in a much better position to go out there and find a lawyer you feel will do a great job for you.

CAN A REAL ESTATE LAWYER REPRESENT BUYER AND SELLER BOTH?

Generally speaking NO, an individual Real Estate Lawyer cannot and should not represent both seller and buyer but the Same Office with two Lawyers can represent both buyer and seller.

HOW TO FIND A REAL ESTATE LAWYER IN TORONTO

The most reliable way to find a Real Estate Lawyer is to ask around among your friends and family. Find out if they know someone knows a good real estate lawyer who did their closing without an issues. Secondly, you should go online and do some research to find a list of Real Estate Lawyer near you.

WHAT TO ASK A REAL ESTATE LAWYER

You should be looking to ask the following questions from a Real Estate Lawyer.

Question: How much is your Experience in Real Estate
Answer: We deal with hundreds of files every month  and have been in practice since 2013

Question: How much is your Legal Fees and Disbursements.
Answer: All our Legal Fees and Disbursements as mentioned on our website. We are transparent about our Legal Fees and Disbursements.

Question: Is there any amount that his not included which you would be expected to pay at the time of closing.
Answer: Land Transfer Tax, Registration of Title, Mortgage, Taxes and Title Insurance is not included.  

Question: Can you assist us, After Office Hours.
Answer: We can meet clients after office hours. We are always ready to accommodate client’s needs.

Question: Will there by anyone else working on your file.
Answer: Yes Real Estate Legal Assistant will be working on the file to prepare all documents and will be responsible for most of the correspondence.

Question: Can the Lawyer accept the file on short notice.
Answer: Yes we can accept files on short notice (less than a week) but due to large work-load it is best to call before you fill our online registration form.

Question: What information you should send to the Broker, Realtor & Bank

Answer: You would need to send Email: info@slc.webkeysol.com,  Fax (289) 904 0320 and Name is Shaikh Law Corporation

Real Estate Lawyer Toronto Reviews

Read our Property Lawyer Toronto Reviews & Testimonials on Google 

Real Estate Lawyer Toronto Reviews

Lily Trieu

This is my second time purchasing a place, I did not end up using the same lawyer that I used for my first purchase because they were slow and made a lot of errors. When I called Shaikh Law to inquire about their services, they answered all of them and followed up with me a week later to see if I had any other concerns which is why I decided to go with them. Caroline, Ali and Naimesh answered my emails and calls in a timely manner. They have multiple locations around the GTA which made it easier for me to meet with Ali, the lawyer . When I met up with Ali to sign my documents, he explained each document and answered all my questions. Shaikh Law also drops off the keys wherever you want which made it very convenient for me. Along with great service, did I mention they also have the lowest fees compared to other firms? I would definitely recommend them to family and friends as well as use them for my next purchase.

Viberly Anne Santos

Thank you to Shaikh Law corporation team for providing us excellent service during our purchase and sale of property. They have gone above and beyond just to make sure that all our documents were ready. Keep up the excellent work!

John Raposo

Excellent real estate law firm. As a first time client, wasn’t sure what to expect. Quickly learnt that this firm was good when they guided me through every step of the way with my real estate transaction, promptly addressed all my concerns and completed every closing step in a very timely manner. In short, they made the entire process run so smoothly that I am truly impressed. My thanks goes out once again to the entire team at Shaikh Law.

Real Estate Investment

A basic human need is having a roof over your head, and with the growing population in cities such as Ontario, it means that there is more opportunity for real estate investments. Real estate is still one of the most lucrative forms of investments that you can invest in, this is partially due to the increasingly large demands of rental properties regardless of inflation, an influx of immigrants arriving in Canada, weather, Multi-culturalism, a nest a several large cities and head offices of International Corporation. Although many are aware of the opportunities in real estate it appears as though people are still skeptical about capitalizing and becoming a real estate millionaire.

As the years have passed we have seen the birth of many real estate millionaires such as Robert Kiyosaki who wrote the top seller ‘Rich Dad Poor Dad’. Throughout the book Robert demonstrates simple steps of investing in real estate, and renting it out to tenants. As a result of renting out a property, he shares how passive income is gained while property value increases by doing nothing except your initial investment.

Passive income is a steady and more predictable source of income compared to investing in other businesses. In addition to gaining passive income from real estate investments, you are also made exempt from self-employment tax. Furthermore, the government offers tax benefits including reduction and significantly lower tax rates for long-term profits. These findings alone demonstrate the benefits of investing in real estate.

In all that being said, there are risks involved in real estate investment, as there are with all types of investments. However, there are many ways in which risk can be reduced, one of them being, hiring an experienced Real Estate Lawyer, such as those found at Shaikh Law, who have extensive knowledge on Real Estate Closings. Our Real Estate Lawyer Toronto Downtown, Mississauga Square One, Brampton, Oakville, Etobicoke, endeavor to ensure they review your Real Estate Purchase, Sale or refinance documents thoroughly so to protect your investment in Real Estate and to avoid lawsuits being sent your way. Additionally, they can maximize your profit by helping you understand your return on investment, ensuring that you make the maximum profit possible on each investment.

At shaikh law, we have the necessary experience and expertise to help our client build their real estate investment. We make sure the process is smooth and efficient.

Location

Shaikh Law Firm – Toronto Downtown Branch

Brookfield Place
161 Bay Street, 27th floor,
Toronto, Ontario M5J 2T2
Canada
Phone: 9057957757
Fax: 905 795 1271

This is a Meeting Location for Documents sign-up, Documents Drop-off, Keys Pick by Appointment Only, Strictly between 9:00 am to 5:00 pm Monday to Friday Only

If you are searching online to find a “Real Estate Lawyer near me”  then click here to find a Real Estate Lawyer closest to you. You just have to enter your address and we will find a Real Estate Lawyer nearest to you. Our Real Estate Lawyer can help you with your residential Purchase, Sale and Refinance. We serve our clients across GTA and offer mobile signing free of cost. We serve clients in Toronto | Etobicoke | Mississauga | Brampton | Oakville | Burlington | Hamilton | Milton | Guelph | Kitchener | Waterloo | Cambridge | Halton Hills | Peel Region | Downtown Toronto.