PURCHASE & SALE, REFINANCE LEGAL SERVICE OF YOUR PROPERTY
Cost-effective Service & Hands on Your Transaction
WE REVIEW YOUR AGREEMENT OF PURCHASE & SALE AND
COMPLETE YOUR TRANSACTIONS SMOOTHLY.
HOW WE CAN HELP YOU TODAY?
- Purchase of Residential Property: Purchase transactions include the transfer of title & one mortgage registration.
- Sale of Residential Property: Sale transactions include the discharge of one regular mortgage. An additional fee applies if there is a second mortgage attached to the property being sold.
- Refinancing of Your Property
- Transfer the Title: within *your arm-length family members
- Cooperation with overseas lawyers in China Mainland, Hongkong if you are traveling outside Ontario or Canada on or before the closing
- Commercial Property Purchase & Sale
- Vacant Land Purchase & Sale
WHAT YOU NEED TO PROVIDE DURING CONSULTATION:
- Two (2) Pieces of Valid Government Issued Photo ID (Passport, Driver’s Licence or PR Card)
- Copy of your Agreement of Purchase & Sale
- Property Tax Bill of the Year & Payment Evidence (for sale & refinance)
- Any Existing Mortgage/ Line of Credit Information against the Property (for sale & refinance)
- Any Existing Survey of the Property (if any, for sale)
OTHER EXPENSES INCURRED FOR YOUR TRANSACTION:
- Land Transfer Tax of Ontario and/or Toronto (for purchase)
- Title Insurance of Your Property (for purchase & refinance)
- Any Government Registration or Search Fees applicable to your transaction
- Disbursements* (reasonable costs we charge that we pay on your behalf, for example, photocopy, office expense, postage, courier service, etc.)
- HST (if applicable)
LAWYER’S DUTY OF YOUR REAL ESTATE TRANSACTION
- In Ontario, only lawyers are allowed to register the rights to the title of property. That’s why you must find a good lawyer to help if you have any issues and close your deal smoothly.
Main tasks of the lawyer:
- After you retain the lawyer, your lawyer would review your Purchase & Sale Agreement and make sure the deal would be closed on time as agreed in the Agreement.
- Lawyers do title search, other searches (if applicable); obtain title insurance, prepare for closing documents for your execution and register your title to the property, meet post-closing requirements.
- Accept your bank/mortgagee instruction, and prepare the closing document on behalf of the bank/mortgagee, arrange of execution banking documents.
- Give clients instructions from time to time about what they need to do and prepare for the closing and make sure there would be no delay.
- Suggestion: Please have your mortgage approval and arranged about one month before the closing.
OVER 10 YEARS EXPERIENCES IN PRACTICE OF LAW IN CHINA AND CANADA
Contact Us Today !
Chinese Real Estate Lawyer Mississauga
Chinese Real Estate Lawyer Toronto
Real Estate Legal services in Chinese and English