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Real Estate Lawyer Toronto FAQ

De Krupe Law > Real Estate Lawyer Toronto FAQ

Here, we gathered the top of the questions we hear the most. If you are still hesitant about whether to call our real estate lawyer in Toronto or not, you can read this page to help you decide. Can’t see your question here? Call +1(416)-901-9344 and get a FREE consultation today!

 

How do I hire De Krupe Law real estate lawyers in Toronto?

To hire our expert legal attorneys, you just need to contact us in any way convenient for you:

 

    1. You can call us at +1416 901 9344;
    2. Write an email at [email protected];
    3. Request a Free Evaluation right away using our convenient form online.

We always answer your calls and will gladly help in any case. You can read our extensive article or contact us if you don’t see your question here.

 

 

How soon will I be contacted regarding my inquiry?

We will open your file within one business day if you email us. Our De Krupe Law real estate lawyer always answers your calls directly and will stay in touch with you until the successful closing of a deal.

 

 

How do I get paid the net proceeds, and when?

After the closing of your translation, whether it is a sale or a refinance, the net proceeds will be either wired to your bank account or directly deposited into your bank account, depending on your preference. If the time permits, this is done immediately after the closing; if not, then the next business day.

 

 

How much are your legal fees, and what disbursements/closing costs do I pay?

This depends on the transaction type. Contact us today to get a free evaluation.

 

 

How do I pay the closing funds for De Krupe Law real estate lawyer Toronto?

Either by wire or bank draft.

 

 

What Information should I provide to De Krupe Law real estate lawyers in Toronto to close my purchase?

Everything is simple. Just provide us with the Agreement of Purchase and Sale with your real estate agent and mortgage broker’s contacts (email address or phone number).

 

 

What should I provide in case of a private deal (sale or purchase)?

All we need to start is the Agreement of Purchase and Sale. If you do not have one, please give us a call, and we can draft one for you.

 

 

What information should I provide to De Krupe Law real estate lawyer in Toronto to close my sale?

All we need to start is the Agreement of Purchase and Sale. If you do not have one, please give us a call, and we can draft one for you.

 

 

What information should I provide to De Krupe Law real estate lawyer Toronto to close my refinance?

You will need to provide our information to one of your mortgage brokers or mortgage specialist.  The bank will then send us your mortgage documents directly.  Once received, we will contact you.

 

 

When do I sign my closing documents?

Here, at De Krupe Law, everything goes under the strict control of our real estate lawyers. All you need to do is to come to our office. However, if you don’t have such an opportunity – don’t worry. We have other options available, including signing remotely via services like DocuSign, or we can come to your location to sign the documents with you.

 

 

When do I pick up my keys?

As soon as the deal closes, the keys are released to you.

 

 

When do I receive my closing report?

We can email you the report right away, send it by mail, or you can pick it up yourself. The report is usually prepared within days.

 

 

When do I receive the final figures showing how much money I will receive when the deal closes?

The final figures are provided to you before closing. We ensure everything is accurate and explained to you before we close the transaction.

 

 

Where do I sign my closing documents?

Depending on the option you choose and your availability, we try to sign all transactions as soon as all the documents are available. We can do this in our office, online or at your place.

 

 

Where do I pick up my keys?

De Krupe Law is taking care of you. To be more exact, we care for everything since every transaction and document goes through our office. So, as soon as your purchase deal is closed and approved, there are two options for getting your keys:

 

    1. Receive your keys in your lawyer’s office;
    2. Take your keys from the real-estate lockbox.

In both options, your real estate lawyer will contact you and finalize the deal in the way that suits you the most.

If you sold your property, you could leave your keys in the lockbox attached to your property.

 

How can a real estate lawyer toronto help me during a property purchase? 

A real estate lawyer toronto is pivotal in ensuring the legality and smoothness of property acquisitions. They meticulously review purchase agreements, investigate property titles, and address potential legal concerns. By doing so, they protect your interests, provide guidance through negotiations, and facilitate a secure transfer of ownership.

 

 

What is the role of a real estate lawyer in selling a property? 

When selling a property, a real estate lawyer’s responsibilities encompass a range of critical tasks. They prepare the necessary legal documents, such as the deed, and ensure that the transaction adheres to the applicable laws and regulations. Additionally, they manage the transfer of ownership to the buyer, safeguarding your rights and interests throughout the process.

 

 

When should I involve a real estate lawyer in the buying or selling? 

Engaging a real estate lawyer early in the buying or selling is highly advisable. Their expertise can prove invaluable in identifying potential legal pitfalls, reviewing contracts, and offering guidance on crucial decisions. You can confidently prevent complications and navigate the transaction by involving them from the outset.

 

 

Can a real estate lawyer help with property title issues?

Absolutely. De Krupe Law real estate lawyers have the expertise to conduct thorough title searches, identifying any encumbrances or disputes that might affect your property rights. If title issues arise, they work diligently to rectify them, ensuring the property’s title is clear and free of any hindrances.

 

 

How do real estate lawyers handle contract reviews? 

Real estate lawyers meticulously review purchase agreements, lease contracts, and other legal documents related to property transactions. They aim to decipher complex legal terminology, explain the terms in simple language, and protect your rights before committing to any agreement.

 

 

What role does a real estate lawyer play in property transactions?

A real estate lawyer advocates for all parties involved in property transactions. They oversee the closing process, ensuring that funds are managed appropriately, contractual obligations are met, and the transfer of ownership is executed smoothly and securely.

 

 

How can a real estate lawyer assist with negotiations?

Real estate lawyers possess adept negotiation skills that can be crucial during property transactions. They help in mediating terms and conditions between buyers and sellers, striving for outcomes that align with both parties’ best interests and legal requirements. Moreover, De Krupe Law real estate attorneys do their best to solve any dispute before court that helps our clients save money and nerves.

 

 

What should I know about closing costs that a real estate lawyer might explain? 

Closing costs encompass expenses beyond the property’s purchase price, including land transfer taxes, legal fees, and more. A real estate lawyer can comprehensively break down these costs, ensuring transparency and accurate calculations. 

 

 

When can a real estate lawyer help resolve boundary disputes?

Boundary disputes can be intricate and emotionally charged. Real estate lawyers step in to provide legal counsel, review property surveys, negotiate with the other party, and offer solutions that aim to resolve the issue without escalation.

 

 

Can a real estate lawyer help with property-related legal emergencies? 

Absolutely. A real estate lawyer can immediately assist in situations such as zoning conflicts, title fraud, or urgent legal concerns. Their swift intervention can help protect your property rights and guide you through navigating the emergency effectively.

 

 

How do property taxes factor into real estate transactions? 

Property taxes are essential financial considerations in real estate deals. A real estate lawyer can elucidate the nuances of property tax calculations, inform you about the timing of tax payments, and clarify how these costs are typically divided between buyers and sellers. Having this understanding helps you plan your finances more effectively. We have an explanatory article in out blog you can read to get more information “Real Estate Property Taxes In 2023 Canada”.

 

 

What role does due diligence play in real estate?

Due diligence is a meticulous process of investigation that precedes real estate transactions. It involves researching the property’s history, assessing potential issues, and ensuring all legal aspects are in order. A real estate lawyer plays a pivotal role by conducting legal checks, identifying hidden problems, and verifying the property’s adherence to zoning regulations. Their expertise is crucial in uncovering potential obstacles that could affect the transaction.

 

 

Can a real estate lawyer help with condominium purchases?

Absolutely. Purchasing a condominium entails specific legal considerations. A real estate lawyer toronto can review condominium agreements to ensure they’re fair and favourable, explain the rules and regulations of the condo association, and safeguard your interests in these unique transactions. Their involvement helps you navigate the intricacies of condo purchases confidently.

 

 

How can a lawyer assist in commercial real estate deals? 

Commercial real estate transactions come with their own set of complexities. A real estate lawyer’s role extends to negotiating the terms of the deal, assessing lease agreements, analyzing zoning regulations, and conducting thorough due diligence. Their expertise ensures that your commercial investment aligns with your business goals while adhering to legal requirements.

 

 

Can a lawyer help with estate planning involving real estate assets?

Absolutely. A real estate lawyer toronto can assist in structuring your estate plan to include real estate assets. They help set up trusts, establish distribution strategies, and ensure a seamless transfer of real estate properties to your beneficiaries. Their guidance minimizes potential tax implications and ensures your assets are protected according to your wishes. De Krupe Law real estate attorneys are dedicated to making sure your Will reflects your actual wants and needs. 

 

 

As a dedicated real estate company, we recognize the importance of providing clear and comprehensive answers to your inquiries. Real estate matters can be intricate, but De Krupe Lawreal estate lawyers toronto aim to simplify them. 

 

 

From property purchase to sale, our team of experienced real estate lawyers stands with you. With transparency and unwavering commitment, we untangle the legal intricacies, illuminate your path, and turn aspirations into achievements.

Your dreams are our priority. Remember that we’re not just lawyers but partners dedicated to your success. Thank you for considering us.