Real Estate

It is crucial to exercise extra caution when entering into a contract because buying or selling a piece of property is often the largest transaction the majority of people will engage in throughout their lifetime. This involves seeking legal advice before signing a purchase and sale agreement.

Although the majority of real estate boards and the Ontario Real Estate Association offer sample agreements, each contract should be expertly examined by a lawyer who can make changes to the agreement to better assist buyers or sellers.

Yes, we do.

At Langevin Law, we understand that purchasing your first home can be an exciting yet daunting experience. In order to protect your investment as a first-time home buyer, you must be aware of numerous legal considerations. That’s why we offer comprehensive legal support to help guide you through the process.

Several first-time home buyers have received assistance from our team of knowledgeable Ottawa real estate lawyers in navigating the intricate legal aspects of property buying. To make sure you completely understand your rights and obligations and that you always make wise decisions, we offer individualized advice and counsel.

We can assist you with every step of the home-buying process, including reviewing purchase agreements, mortgage agreements, and any potential legal concerns. We will work closely with you to guarantee that your transaction is carried out effectively and efficiently and that you are happy with your investment.

At Langevin Law, our Ottawa real estate lawyers are committed to providing our clients with exceptional legal support and outstanding customer service. Contact us today to schedule a consultation and learn more about how we can assist you as a first-time home buyer.

In Ontario, it is customary for each party to a buying and selling agreement to have their legal counsel. The same attorney cannot, with very few exceptions, represent both parties, according to the Rules of Professional Conduct for Lawyers. A lawyer runs the danger of going against their core commitments, which include providing competent client service, maintaining client confidentiality, and remaining devoted to their particular client if they represent both the buyer and seller at the same time.

However, if both parties agree, buyers and sellers can deal with attorneys from the same legal firm.

We advise our clients to plan the closing dates on different days when they are both buying and selling a home to reduce stress.

People must keep in mind that they must complete their sale transaction before using the proceeds to pay for their acquisition. Any issues that develop on the day that your sale closes could have a negative effect on how your purchase deal closes as well.

If your purchase and sale don’t happen on the same day, you’ll have plenty of time to make the preparations needed to handle any unforeseen problems that might develop. Avoid scheduling your sale and your purchase for the same day if at all possible.

Title insurance is a type of insurance provided by an insurance company that protects the buyer of a home and the mortgage lender from loss or damage incurred as a result of covered title risks and defects.

Title insurance, to put it simply, is an insurance policy that covers the ownership or status of the title to real estate at the time the policy is issued. It gives a buyer ownership protection against losses or damages sustained as a result of title issues.

Our lawyers at Langevin Law when acting for buyers inform their clients about title insurance and its advantages, conditions, and limitations.

Our real estate lawyers advise buyers to get title insurance because no lawyer can completely guarantee that there are no hidden claims, that what appears to be the prior owner’s or consenting spouse’s signature is a genuine signature, or that there hasn’t been fraud or forgery involving the subject property. Title insurance merely adds another layer of protection for the buyer and does not take the place of representation by counsel.

If you’re getting a mortgage, you cannot make a residential purchase without showing proof of fire insurance. Before closing, your fire insurance agent must deliver a fire insurance binder (a letter confirming insurance) to your attorney. This binder must contain the guaranteed replacement cost coverage as well as information on any mortgagees.

Insuring the entire condominium complex is handled by the condominium organization on behalf of buyers of condominiums. Even then, getting contents liability insurance is advised for owners of separate units. 

It is always a good idea to purchase fire insurance before closing, with coverage taking effect that day.