Why Hiring a Real Estate Lawyer?
If you are planning to buy a home or a condo in Ontario, you need a real estate lawyer to help represent you. A lawyer protects your rights by making sure all the agreements are complied with and you get clear title to the property. Your lawyer can help you in multiple areas.
Protecting the interests of clients
A real estate lawyer protects your interests by ensuring that you understand everything in the real estate documents before signing the contract.They become your support system by ensuring the authenticity of all the legal documents involved in the process.
Provides assistance with all real estate transactions
An experienced real estate lawyer is well versed in the latest rules and regulations of any real estate transaction. They can help you with reviewing the purchase agreement to make sure nothing is misleading in it. Arthur Liangfei Tan** **is one such reputed lawyer in Toronto engaged in assisting clients with all real estate transitions. Their real estate lawyers review your property offer to ensure that the documents are in your best interests.
Purchasing title insurance
. Whether you want to buy title insurance or not should be discussed with the lawyer. They will give you better insight into whether title insurance is right for you. If it ends up being useful for your situation, you can purchase title insurance right through your lawyer.
· Title insurance protects you against:
· Unknown title flaws
· Existing liens against the property’s title
· Title fraud
· Encroachment issues
· Title insurance does not cover the following items:
· Title defects
· Native land claims
· Environmental hazards
· New survey discoveries
Assists with closing the deal
The closing date is the final step in the property buying process. Once you reach this phase, ownership of the property is transferred from the seller to the buyer. On this day, you sign the final paper, get the papers, and get property in your name. As you don’t want anything to go wrong on the closing day, your real estate lawyer will take care of every small detail required in the process. They will help in creating a statement of adjustment, which shows all the details of the transaction, including the deposit, adjustments, and other fees, as well as the final amount that is due on closing day. This document authenticates that you have paid and followed the right legal steps in obtaining the piece of property.
Buying property is an important decision. You invest both your money and your emo in your home. There can be some unfortunate situation where even the most qualified realtors won’t be able to provide you with the right legal advice. Hence, it is extremely important to have a real estate lawyer by your side.
Sun Law Professional Corporation is a reputable law firm in Toronto, operating in the GTA (Greater Toronto Area) since 2015. The firm is owned and operated by Arthur Liangfei Tan, who has been practising law for over a decade and was called to the bar in 2011. If you are looking for real estate lawyers in Toronto, their firm They provide comprehensive service to represent you in real estate litigation and assist with drafting documents and legal pleadings, participating in hearings and a trial with the judges, and filing appeals on your behalf, when required. They make the whole process smooth and hassle-free for the clients.