Current Area: Legal Services-> Real Estate

Although the lawyer is often an afterthought in a real estate transaction, professional handling of the transaction is necessary in order to protect your interests.  The failure to review all pertinent details of a transaction could result in you inheriting the seller's liabilities, acquiring a property of considerable less value than you thought you were obtaining, or receiving proceeds of sale less than that to which you were entitled to.

Residential

The purchase of a house is one life’s big events and may have a very significant long term financial impact.  It is important to have the contract reviewed before it is signed to ensure that your interests are properly protected and that any necessary conditions have been included.

The conditions that a purchaser may want included in a purchase agreement include:  a time period within which to obtain any necessary mortgage loan, failing which the purchaser can bring the transaction to an end and get his deposit back;  that the vendor will provide an up-to-date survey; that the vendor warrant that the chattels included in the transaction will be in good working order when the transaction is completed and that the purchaser will have at least one further opportunity to inspect the property before the transaction is completed

Contact us early for advice on your residential real estate transaction.

Mortgage Refinancing

McPhadden, Samac, Merner, Barry have completed numerous mortgage transactions, including  transactions with the major lenders in the Greater –Toronto area. 

Let us provide our expertise in completing your mortgage transaction quickly and professionally.

Commercial

Some of the issues in a commercial real estate transaction are similar to a residential transaction.  However, depending on the nature of the transaction, there may be a few or many issues specific to the  commercial nature of a transaction, which may include:  environmental issues, zoning issues, or GST issues. 

Let McPhadden, Samac, Merner, Barry advise you on the issues that are involved in your commercial real estate transaction.  

Commercial Leases

A commercial lease is usually a lengthy, complicated and tedious document.  Its terms will usually affect a business for many years and may have a profound impact on the success or failure of the business.  It is important to get proper legal advice before the lease is signed so that desired revisions can be identified while the terms of the lease are still open to negotiation.

Please contact McPhadden, Samac, Merner, Barry for advice on your leasing issues.

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