What is title insurance? Many purchasers closing a real estate transaction will have the option of obtaining title insurance, however, most people do not know what it is and how it can protect them. This article breifly explains what it is and why it may be important to have.
Author Archive for Maxim_Zavet
Maxim Zavet is a real estate lawyer in the city of Toronto. His practice is primarily focused in various residential and commercial real estate transactions for individuals, corporations and developers. Maxim had worked at some of Toronto's premier real estate law firms before becoming a founder and partner at PLZ Law.
When a transaction does not close as a result of a Vendor’s or a Purchaser’s actions, what are the remedies for the innocent parties and what are the consequences for the guilty parties?
This article quickly explains what it means to assign a condominium agreement of purchase and sale before closing.
Many purchasers of pre-construction condomoniums who are buying the unit as an investment are often uncertain as to what to do with the unit. Can they accomplish a quick sale and a good return on investment? Or will they rent it for a period of time hopefully paying off their mortgage and producing some positive cash flow. If the purchaser rents it, there are a few implications they need to consider.
Adjustments are development costs which the condominium builder (the “Builder”) must incur in order to deliver the condominium units to the purchasers. These adjustments are disclosed in the agreement of purchase and sale (the “Agreement”) and are the purchaser’s responsibility to pay on typically the final closing date.