Toronto Real Estate

What’s So Important About A Condominium Status Certificate?

The purchase of a condominium differs in many regards from the purchase of a house. Condominiums are created by statute and the Declaration, Rules and By-Laws of each condominium differ. Here are some of the questions that you and your agent should be asking each other: Are pets allowed? What kinds of pets? How many? Do I have to keep them on a leash? If you don’t have a pet now, do you intend to have pets? – More Here Can I BBQ? Are the common expenses disclosed by the listing agent in the MLS listing accurate? What if they’re higher? What’s included in the common expenses? Are the utilities extra? Is the seller in arrears of payment of common …

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Land Transfer Tax, Rebates, and Exemptions For First Time Buyers

When it comes to answering these questions and deciphering their answers, consulting a real estate lawyer is often a good first step for potential homeowners. Generally speaking, the Ontario Land Transfer Tax Act and the Municipal Land Transfer Tax Act of Toronto provide that buyers are obligated to pay a land transfer tax upon the purchase of a property and the amount of the tax is based upon what is called “the value of the consideration”, which in most cases is the amount of money paid. Land transfer tax, like income tax, is charged on a marginal increasing scale and once the value of the consideration exceeds $400,000.00, the land transfer tax on the overage is charged at 2% for each …

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Know who you are dealing with – the perils of dealing with contractors

keys being handed to a contractor without using a real estate lawyer.

Before hiring a real estate lawyer or a building contractor, you must satisfy yourself as to his credentials and track record. This is an easy enough task when it comes to hiring a lawyer. One can contact The Law Society or their friends. Since lawyers are regulated, the Law Society has a discipline department which can advise you of the status of your lawyer. On the other hand, when it comes to a building contractor, there is no regulatory body and you are truly on your own. The most important thing when hiring a contractor is the recommendations of your friends … people who have dealt with building contractors before. Even after having obtained a friend’s recommendation, you must visit …

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How To Choose A Good Real Estate Lawyer | 5 Simple Tips

checkbox list of items when choosing a qualified real estate lawyer.

Choosing the right residential Real Estate Lawyer can be a challenging process, especially while being involved in other time consuming tasks when buying or selling a home. I’ve created a 5 step checklist to help any consumer on the market make an educated decision in hiring a lawyer for their residential legal needs. 1. Contact the Law Society of Upper Canada to determine if the lawyer is: (a) licensed to practice law in Ontario, (b) real estate insured, (c) subject to any restrictions or trusteeships; (d) or has been disciplined. Jay Teichman is licensed to practice law in Ontario, real estate insured, has never been disciplined and is not subject to any restrictions or trusteeships. 2. Contact the lawyer to determine …

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Welcome to the official blog of Jay Teichman

Welcome to the brand new and official website for Jay Teichman Law Offices. If you are looking for a trustworthy and experienced real estate lawyer in the Greater Toronto Area, look no further than the Law Office of Jay Teichman. With all of our costs disclosed up front and no hidden terms in our fine print, you will receive straight forward and reliable counsel from the beginning until the end of your transaction.

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