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Comprehensive Contract Review and Negotiation

Whether you’re buying, selling, or investing in real estate, a fair contract is crucial. Real estate transactions are often complex and involve numerous legal intricacies. At Suzanne Desrosiers Professional Corporation, we act as your guide, protecting your rights and ensuring you understand the agreement.

Experienced in Real Estate Law

Every real estate transaction represents a significant investment for the client. At Suzanne Desrosiers Professional Corporation, we understand the importance of safeguarding your financial interests. We use our extensive experience and knowledge to act as your trusted advisor throughout the entire process.

We don’t stop at simply facilitating transactions—we meticulously examine every detail to identify and mitigate potential risks that could threaten your investment. With our support, you can proceed with confidence, knowing that you have a reliable partner at your side.

Residential Properties

A distinction must be made between a city property and a rural property. For the most part, city properties consist of the whole lot on a plan of subdivision and don’t require an abutting land search. However, on occasion, such a search must be conducted, as the failure to do so may result in the transaction being null and void.

For rural properties, 99% of the time an abutting land search is required. The reason you must conduct such search is to ascertain if the vendor of the property retains abutting property and, if so, whether the vendor has obtained the consent from the Committee of Adjustment authorizing him to sell.. If the vendor has not done so, the transaction will be null and void.

Commercial Properties

As for commercial properties, one must make sure that the appropriate zoning permits are in place for this type of property. Further, when you sell or purchase a commercial property, is it important that a provision be made for the HST collection. Failure to ascertain this will result in the vendor believing that he is receiving a certain amount for his property, when in fact 13% of the said amount needs to be remitted to the Canada Revenue Agency (CRA).

In certain circumstance, such as where a gas station was in the area of the commercial property you are interested in, you may want to consider getting an environmental assessment done. There are two phases to an environmental assessment. Phase I, is typically involves research by someone that specializes in environmental matters that and addresses the relevant environmental matters. If there were properties in the area that are the cause for an environmental concern, the environmental consultant will recommend that we proceed to a Phase 2 assessment which involves some drilling on the subject property to ascertain if the property has environmental issues that need to be addressed. This will often be part of the conditions that the bank will advance you the mortgage.

RURAL PROPERTIES - residential or commercial

For rural properties you need to be mindful about the well and septic system. It is highly recommended that a condition be placed in the offer that not only you check the water through the Health Unit but that you also check for heavy metals such as arsenic. The Health Unit typically checks for e coli only.

Also, you want to ascertain that the volume of water coming from the well is sufficient for the household. You don’t want to take a shower and have the water only trickle in. Also for the septic system. Also, you will want to insert a condition in the offer that the septic system be inspected by a specialist in this area.

Typically, the condition to check the septic system is at the cost of the purchaser and the cost to empty the septic tank is at the cost of the vendor. If there are issues with a septic system it can be very costly.

Local Real Estate Law Team

Our law firm is wholly devoted to providing our clients with start-to-finish support through their real estate transactions. We 40 years of experience we have faced many situations that both vendors and purchasers have faced. With every new case, we bring an in depth understanding of the current market to the table alongside personalized attention and care. Our legal team is fully licensed and insured to offer a full suite of services in both the local residential and commercial sectors, including (but not limited to):

• Sales and purchases
• Title transfers
• Refinancing
• Mortgages

You can trust that our staff stays continually up to date with real estate developments in the Timmins area. With us by your side, your real estate transaction will be legal, binding, and will protect your best interests.

Benefits of Hiring a Real Estate Lawyer

Purchasing or selling property in the real estate market goes hand in hand with navigating the legal issues. Having a real estate lawyer in your corner is an invaluable asset. Whether you’re investing as a first-time homebuyer or expanding your development reach, our team can make the purchase or sale a less stressful. There are many benefits to enlisting the assistance of a real estate lawyer.

Let’s explore just a few:

• Cost-Efficient - Although hiring a real estate lawyer may seem like an additional cost, the knowledge and guidance provided by the lawyer often pays for itself. Our job is to ensure you make a successful transaction and avoid unnecessary costs and fees.
• Less Work for You - There is so much to think about when buying or selling a property. Hiring a lawyer will allow you to take some of the work off your plate. Our lawyers will handle the legal terms and complete the complex paperwork accurately.
• Reducing Risks - Perhaps the most obvious benefit of hiring a real estate lawyer is reducing risks during the real estate transaction. If a seller does not disclose enough information about their property or home inspection, for example, they could be sued. We will help to ensure that all legal obligations are met, so you avoid costly complications.
• Simplifying Negotiations - Buying and selling property is one of the most significant decisions a person will make, and negotiating is a big part of the process. Our lawyers have extensive experience negotiating and can help you get a fair price.

We’ve earned a name for ourselves as the uncontested team in real estate transactional matters. Our staff possesses an extensive knowledge and experience in real estate law and we can act on the purchase and sale of a property anywhere across the province of Ontario. Whatever situation you find yourself in, we have the skills and resources to help you.

To learn how a real estate lawyer could benefit your unique situation, contact the team at Suzanne Desrosiers Professional Corporation by calling today at (705) 268-6492 or emailing us at info@sdlawtimmins.com.

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