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Real Estate

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

Does title insurance bring benefits to the primary professional liability program?

real-estate

We all know that notwithstanding the rise of title insurance in Ontario, claims arising from real estate practice are still a large (and in many years, the largest) exposure for the primary professional liability program that LAWPRO provides for the Law Society’s lawyer-licensees (the “E&O program”). We have explored why in other articles and settings…. Read More »

Categories: Real Estate, The TitlePLUS Program & Title Insurance, LAWPRO Errors and Omissions Coverage

Technology benefits for a real estate file

keyboard

The most important change the real estate practice has seen in recent years is the advance of technology. However, I think it is underused by lawyers to their own and their clients’ detriment. Most technologies are already available on the lawyer’s desktop but like many telephone users, the full gambit of features is not being… Read More »

Categories: Real Estate, Technology
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