Daniel Simard, Author at De Krupe Law

22 March

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What is a Real Estate Brokerage?

Understanding the framework of property transactions comes from answering the questions what is a real estate brokerage and what he does. Briefly, this activity serve as the bridge between buyers and sellers, offering expertise and assisting in the real estate market deals. Unlike individual agents, brokerages operate as larger firms providing a suite of services for those aiming to understand the complexities of real estate. They're licensed professionals in legal compliance and ethical dealings. Expect straightforward insights into how they operate, their significance in your property endeavors, and the impact they have on one of life's most significant transactions. Defining Real Estate Brokerage Real...

15 March

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Steps to Transfer Shares in a Private Company in Canada

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Steps to Transfer Shares in a Private Company in Canada

Have you ever wondered how the process of selling shares in a private company in Canada works? Selling shares in a private Canadian company requires understanding legalities, accurately valuing your stake, and finding a buyer, all without typical marketplace visibility. Overview of Share Transfer Process The company's shareholder agreement often outlines the procedure for share transfers, including any restrictions or pre-emptive rights. Shareholders must understand these terms to avoid disputes. They should also evaluate the shares' value. A valuation expert may be necessary, especially when transferring a significant stake. This step impacts tax implications and the fairness of the deal. Documentation preparation Next, shareholders prepare...

07 March

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Steps in Commercial Real Estate Transactions

Posted by Daniel Simard

in Real Estate

Steps in Commercial Real Estate Transactions

The process of commercial real estate transactions is complex and requires precise legal interpretation. For investors and businesses, these transactions are critical as they can expand or strengthen assets. Buying, selling, or leasing commercial properties require a strategic approach to ensure financial success and compliance with regulatory standards. With significant capital at stake, professionals navigate through due diligence processes, contract negotiations, and financing considerations with meticulous attention to detail. Commercial Real Estate Compared to Residential Commercial properties include malls, office buildings, and warehouses. Residential real estate consists of homes and apartments for living purposes. These distinctions matter for investors and businesses. While residential properties...

29 February

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Why Safe Deposit Box Is Essential?

Posted by Daniel Simard

in Blog, Contracts, Family Law, Real Estate, Wills

Often placed within the fortified walls of banks or special secure facilities, these boxes offer people a safe place to store important documents and valuables. The main feature of a safe deposit box lies in its simplicity. A physical lock and key shielding one's possessions from theft, loss, or damage. Yet, despite this simplicity, choosing the right safe requires an understanding of various factors such as size, ease of access, cost and level of protection. Locking Your Doors at Night Isn't A Last Resort Safe deposit boxes offer a high-security option for storing valuables. Banks provide these secure containers within their vaults. The...

22 February

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Toronto Municipal Land Transfer Tax

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in Blog

The toronto municipal land transfer tax is an essential consideration for anyone involved in property transactions within the city's boundaries. It stands as a significant financial obligation that accompanies the change of property ownership, directly impacting both buyers and sellers. This levy mirrors the provincial land transfer tax but is specific to properties in Toronto, making it a unique feature of the local real estate market. For residents or investors in Canada's largest city, grasping the nuances of the Toronto municipal land transfer tax could mean substantial savings or preparedness for expected costs associated with acquiring new property. Overview of Land Transfer Taxes in...

14 February

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Child Support Income

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in Blog

The concept ofchild support incomeencompasses the payments made by one parent to another, ensuring that the children's economic needs are met despite changes in family structure. These funds play the leading role in maintaining a stable environment for children, covering expenses such as education, healthcare, and daily living costs. Legal precedents and regulations surrounding child support income vary by jurisdiction but share common goals: safeguarding children's welfare and providing consistent support. Parents should know about how these laws affect their financial planning and obligations towards their offspring’s upbringing. Defining Child Support in Financial Terms Child support is afinancial responsibility. It involves regular payments...

09 February

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Marriage Contract Ontario

Posted by Daniel Simard

in Blog, Contracts, Family Law

Understanding the legalities of a marriage contract ontario is crucial for couples seeking to define their financial rights and responsibilities before or after tying the knot. A marriage contract in Ontario provides clarity and peace of mind by outlining asset division and support obligations should the relationship dissolve. These agreements require careful consideration, precise drafting, and adherence to legal standards to ensure they are enforceable. By prioritizing clear communication and mutual understanding within this framework, partners can establish a solid foundation for their marital future. Legal Framework and Family Law Act Overview The Family Law Act in Ontario governs the legal aspects of...

05 February

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Table Amount Child Support Ontario

Posted by Daniel Simard

in Blog, Family Law

Determining the table amount for child support in Ontario is a critical process that ensures financial responsibilities are met according to provincial guidelines. The table amount child support ontario serves as a standardized reference, designed to maintain the best interests of children following a separation or divorce. Parents must be aware of how changes in circumstances can affect the table amounts and what steps to take should discrepancies arise between actual payments and the stipulated figures. It's about more than adhering to legal requirements. It’s about securing a stable future for all involved parties. Understanding Child Support Calculation in Ontario Ontario's child support...

05 February

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Real Estate Lawyer Fees 101

Posted by Daniel Simard

in Blog, Real Estate

Which came first: real estate lawyer or real estate lawyer fees? You know the answer yourself, and actually, you don't need this answer. What you really do need is to be provided with legal support on refinancing, buying, or selling a property. De Krupe Law firm does these services properly and transparently. Conveniently located offices in Toronto, Newmarket, and Barrie help our team with that. For special treatment and your comfort, our professionals can make an appointment with you for a distant contract sign. We aim to give our guests an efficient and time-saving experience. Therefore, we are known as a legal service...

31 January

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How to Force the Sale of a Jointly Owned Property in Ontario

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Real estate law, particularly how to force the sale of a jointly owned property in ontario is difficult to comprehend and requires a clear understanding of legal proceedings and rights. Here is where De Krupe Law real estate lawyers can help. Joint ownership often leads to situations where co-owners' interests diverge, prompting one party's desire to liquidate their stake. This process is not as straightforward as a standard property transaction. It involves specific steps that must be adhered to under provincial law. Knowing these procedures and your entitlements can make the difference between an equitable resolution and protracted disputes. For those entangled in...

24 January

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Holographic Wills vs. Formal Wills

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There are two distinct paths: do it yourself will ontario, meticulously crafted with the precision of a typewriter, often under the watchful eye of a legal expert, bearing the testator's signature and the validation of two witnesses. And holographic wills, the unadorned, handwritten expressions of a testator's last wishes. Formal wills, despite their structured creation process, stand on equal legal footing with their handwritten counterparts in Ontario courts. These courts acknowledge that holographic wills possess the power to both nullify and resurrect previous formal wills. The allure of holographic wills lies in their simplicity and cost-effectiveness, as they circumvent the need...

17 January

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Making an Offer on a Home in Toronto

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Graspingthe nuances of the Toronto real estate marketis crucial, whether you’re an investor or afirst-time homebuyer. The city’s property scene moves at a breakneck pace — prices ebb and flow, and neighbourhoods transform overnight.Arm yourself with a well-crafted strategy before diving into this whirlwind of home buying. Decoding Toronto’s Neighborhoods Each neighbourhood boasts its own character and set of advantages. It influences everything from your daily commute to social life. The complexities of the Toronto real estate market need guidance of a knowledgeablereal estate lawyer. They can help you in aligning your choice of neighbourhood with your lifestyle. Neighbourhoodtypes: Downtown Toronto— perfect for those...

Author: Daniel Simard