Residential:
Our lawyers provide comprehensive assistance in reviewing legal documents, particularly the Agreement of Purchase and Sale, ensuring our clients fully understand their rights and contractual obligations. For sale transactions, our services include negotiating the terms and conditions of the agreement(s), discharging existing mortgages or encumbrances on the title, preparing the property title for sale, and addressing any title-related issues before or after the transfer.
Commercial:
Our lawyers are well-equipped to assist with the disposition of commercial properties, bringing the expertise needed to navigate the complexities of these transactions. Our services for commercial sales include ensuring the closure of all security interests, such as mortgages and liens, reviewing tenancy agreements, examining the bill of sale, conducting title searches and insurance checks, and handling lease assignments or service contract assignments as needed.
Residential:
Buying a house or condominium is a significant decision and often the most substantial purchase many individuals will make in their lifetime. Having the proper legal guidance from a licensed lawyer is essential. Our lawyers bring extensive experience representing buyers, sellers, and lenders, enabling us to help clients achieve their goals efficiently and effectively. For purchase transactions, our responsibilities include ensuring there are no claims against the property, conducting writ searches, verifying a valid transfer of title on closing day, confirming property taxes are paid, setting up title insurance, preparing mortgage documentation, and organizing all necessary funds for the closing date.
Commercial:
Our lawyers bring extensive experience to the acquisition of commercial properties, leveraging insights gained from numerous transactions. Commercial transactions often require a higher level of due diligence, including comprehensive searches such as zoning and environmental assessments, to ensure a successful outcome.
Our firm has expertise in handling a variety of commercial transactions, including:
• Commercial offices and buildings
• Vacant land
• Industrial facilities
• Retail and storefront properties
• Review and drafting of commercial leases
Our lawyers are here to guide you through refinancing your mortgage with a new lender, who will require legal representation on your behalf. We conduct thorough searches to ensure your property is free of claims or encumbrances and carefully review all mortgage instructions from the new lender.
In a refinancing transaction, our services include:
• Paying out the existing mortgage using the refinance proceeds
• Preparing all necessary documents to transfer the property title, if required
• Ordering a title insurance policy to protect the new lender.
In Ontario, occupancy closing is the point when a buyer takes possession of a newly built home or condominium before the official title closing. During this period, the buyer can move in and begin living in the property, but must pay an occupancy fee to the builder, which covers costs like property taxes, maintenance, and interest on the builder’s financing.
This is a temporary arrangement until the final title closing, at which point the full purchase price is paid, and ownership is officially transferred. Understanding the timing, costs, and differences between occupancy and title closing is essential for homebuyers to ensure a smooth transition.
Our lawyers can assist with title transfers for individuals who have legal ownership and the right to use a property. Unlike the purchase or sale of a property, where ownership is transferred from a seller to a buyer, title transfers may be required in other situations, such as:
We ensure the process is handled efficiently and in accordance with legal requirements.
Our lawyers can assist with a survivorship application, which is required when one owner of a property of a property held in joint tenancy passes away. In such cases, the property title automatically transfers to the surviving joint tenant(s), without the need for probate. However, this application must be filed with the Ontario Land Registry Office. Once submitted, the deceased individual's name is removed from the title, effectively granting full ownership of the property to the surviving joint tenant(s).
Agreement of Purchase and Sale (APS)
Our lawyers provide a thorough review of the APS to ensure clients fully understand their contractual obligations and receive an overall evaluation of the contract and transaction. APSs from builders for new construction homes can be lengthy and often contain hidden clauses. We identify and bring these clauses to our clients’ attention before it’s too late, helping them make informed decisions.
Status Certificate
The status certificate offers valuable information about the property and the condominium corporation. It serves as a comparison tool, allowing the purchaser to cross-check the details provided by the seller with those in the certificate. Our lawyers guide purchasers in understanding key aspects, such as the current budget, audited financial statements, and a summary of the reserve fund study, which offers insights into the financial health of the
Thind Law Enterprise Professional Corporation
