Property transactions are not always as straightforward as we want them to be. At Picov & Kleinberg Law, we understand that the legal work associated with purchasing or selling a property takes up a lot of time and can be stressful. So, as a renowned real estate law firm in Toronto, we make it our priority to help you bypass hidden obstacles when selling, financing, or buying a home or business. We want to ensure that buying a home or condominium unit is easy. For the same, our team of experienced real estate lawyers in Toronto is equipped to prepare, draft and review documents.
Whether it is transfer documents, purchase agreements, title documents, assignment agreements of purchase and sale, and mortgage documents, our team prides itself on condominium real estate and assignments. Our experienced real estate lawyers in Toronto will work with you to thoroughly review the fine print. We do this to ensure that the transfer or purchase is legal, binding, and in your best interests, allowing you to be carefree to invest your time in other aspects of owning a new property or a unit, looking for the best legal advice. Schedule a no-obligation consultation with us today.
AREAS OF EXPERTISE
Property transactions are one of the most significant investments you ever make. You need to involve experienced lawyers to ensure that your investment is protected. Our trusted team of real estate lawyers is well-versed in real estate agreements in Toronto. Our real estate law firm in Toronto can help you with legal preparing, drafting, and reviewing legal documents and offer other legal services, including:
COMMERCIAL REAL ESTATE AND LEASING
In commercial real estate transactions, there are multiple factors to consider, such as environmental concerns, title searches, etc. Our team of real estate lawyers is experienced in managing these considerations on our client's behalf. While you stay focussed on the business, we will negotiate the most favourable terms possible.
RESIDENTIAL REAL ESTATE SALES AND PURCHASES
Residential real estate transactions involving farms, vacation homes, cottages, and condominiums have unique considerations. Our experienced real estate lawyers break down the complexities and navigate their way out of the issue. Are you searching for real estate lawyers in Toronto to draft or review a lease? Our real estate firm has the necessary experience. Please schedule a consultation with us today for more information.
REFINANCING MORTGAGE LAWYER
At Picov & Kleinberg La, we understand securing a mortgage and refinancing is a complex process. Our experienced team of lawyers will take you through the entire process of mortgage refinancing transactions and answer any questions you may have. We'll take care of the required paperwork and attend to all matters personally to get it done right.
1. What Are Closing Costs?
Closing costs are an umbrella term for the entire set of legal fees and expenses due at the end of a deal. It includes everything ranging from prepaid property taxes, maintenance fees, builder adjustment costs, etc.
2. HOW MUCH ARE THE CLOSING COSTS TYPICALLY?
The closing costs associated with your real estate deed will vary as per the specific details of your real estate sale/ purchase/ lease deed. If your real estate deal is a refinancing deal, your closing costs will typically include only legal fees and disbursements. On the other hand, if you purchase a new home in Ontario, your closing costs are expected to be somewhere around 1.0% of your purchase price. However, please note that the builder's cost will vary from builder to builder. Above this, you might have to pay Land Transfer Taxes as well.
3. WHAT IS THE CAP RATE?
The CAP rate is typically the annual net rent (excluding financial costs) divided by the property's price. It can also be termed a 'rate of return.'
4. IF I AM NOT AN ONTARIO RESIDENT, CAN I STILL PURCHASE AND/OR SELL A HOME HERE?
If you are a foreigner, typically, there would not be any restrictions to your purchase of property in Ontario. The same applies to any foreigner who wishes to sell property in Ontario. When purchasing property as a non-Canadian resident, you would need to pay a 15% tax on top of the purchase price, known as Non-Resident Speculation Tax (NRST).
WHY CHOOSE US?
Choosing a real estate lawyer in Toronto shouldn't be done haphazardly. There are many factors to consider before hiring a real estate firm in Toronto, such as experience, knowledge of the domain, etc. The real estate lawyers at Picov & Kleinberg Law have extensive experience providing dependable legal assistance in Toronto. Our team of experienced real estate lawyers in Toronto strives to create value for you with the utmost respect for your specific needs and timely communication. We are dedicated to helping you navigate matters related to real estate law to help make it less stressful. Here is why you should trust us:
We have over 43 years of legal expertise
We specialize in condominium and cottage real estate
We ensure to review the property agreements
We offer reliable legal guidance
Our team of experienced real estate lawyers will work with you right from the moment of signing your agreement until the closing date to handle your real estate issue. Get in touch with us today!