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Real Estate

The future of law: Why the real estate lawyer is the quarterback of the real estate deal

real-estate

On June 22, 2016, surrounded by family and colleagues, Kathleen Waters was honoured with the 2016 Ontario Bar Association’s Award of Excellence in Real Estate. Her remarks included comments on the lawyer as quarterback and advice on moving successfully into the digital future. “I’m a passionate believer in the role of the lawyer as defender… Read More »

Categories: Real Estate, The TitlePLUS Program & Title Insurance

Want to practice real estate more competitively AND comply with the Guidelines? Systemize!

gears

Real estate practice is both highly competitive, and relatively risky (from a claims perspective). Lawyers eager to thrive in real estate will benefit from strategies that streamline their file management while making it easy to adhere to the Law Society of Upper Canada’s Residential Real Estate Transactions Practice Guidelines. In their article “The Law Society… Read More »

Categories: Real Estate

What do title insurers expect from lawyers?

hands and house keys

Still relatively new in Canada, title insurance is not fully understood by many consumers. Even certain less-sophisticated lenders lack detailed knowledge of the product. The responsibility for explaining title insurance to those who purchase it – and for supporting insureds in obtaining coverage that suits their needs – falls squarely on lawyers’ shoulders. Lawyers are… Read More »

Categories: Real Estate, The TitlePLUS Program & Title Insurance

Never release funds before closing without meeting security requirements under the Condominium Act

real-estate

Not infrequently, LAWPRO sees claims related to the release of condominium purchasers’ deposits to a vendor prior to closing. The circumstances under which these deposits can be released are strictly limited under the Condominium Act, 1998, S.O. 1998, c.19 (the “Act”), and the legislation does not permit contracting out of security requirements. Prior to the… Read More »

Categories: Real Estate

Demystifying condominiums with better communication

condo under construction

The single biggest problem in communication is the illusion that it has taken place. ~ George Bernard Shaw Many people start their home ownership journey by purchasing a condominium unit. Others downsize to a condominium later in life. As first-time condominium buyers, they may be unfamiliar with the operation and documentation of a condominium corporation…. Read More »

Categories: Communication Errors, Real Estate
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