Real Estate
Title insurance and recreational properties: What you need to know
Recreational properties present a unique set of challenges. Here are some issues to keep in mind when obtaining title insurance policies for your clients’ purchases of recreational properties, to help ensure your clients’ interests are protected. Legal description: If the property was created years ago, the thumbnail description on the PIN may be brief, for… Read More »
Categories: Real EstateWorking Group on Lawyers and Real Estate’s documents for the purchase of a condominium
The Working Group on Lawyers and Real Estate has established a sub-committee to consider the work undertaken in the purchase of a condominium. The Subcommittee is working on various documents to assist real estate lawyers and their purchasers in a resale condominium transaction and intend to consult with and obtain a broad range of comments… Read More »
Categories: Real EstatepracticePRO Resource: Sample real estate retainer letter
TitlePLUS has on its website sample forms, letters and reports for the use of real estate lawyers. Among the useful documents there is a sample real estate retainer letter. It is provided for your consideration and use when drafting your own versions of these respective documents. It is not meant to be used “as is”…. Read More »
Categories: Law Practice Management, Real EstateBuying together doesn’t have to mean equal shares
Statistics Canada reported, in the fall of 2012, that the number of Canadian households headed by unmarried couples is at an all-time high. As families change, so do views about property. Fewer Canadians now see marriage as a prerequisite to home ownership. But many aspects of property law reflect a time when marriage was more… Read More »
Categories: Real EstateLimitation period clarified for family law constructive trust claims
The concept of constructive trust has long been used, in family law, to support the awarding of an interest in property to a common-law spouse who is not on title. While the concept of the matrimonial home exists to ensure that married spouses share in the family home on marriage breakdown, the matrimonial home rules… Read More »
Categories: Family Law, Real EstateFailing to deliver title insurance opens up a number of risks
Hundreds of real estate malpractice claims find their way to LAWPRO every year. Some involve complex and exotic fact situations, but many do not. At the heart of most claims is the lawyer’s failure to deliver something the client has requested or expected. Where the deliverable is at the heart of the deal − keys… Read More »
Categories: Real EstateRequisition: A process, not just a letter
By definition, a requisition is the act of formally requiring or calling upon someone to perform an action. However, one cannot demand performance without fully knowing what to request. Requisitions are not merely a means of communication between two parties but a process by which matters requiring attention, such as defects in title, are investigated… Read More »
Categories: Real EstateHow to remotely access your Teraview Account
The following appeared in a March 2012 Law Society of Upper Canada e-Bulletin and also appears in the Q&As on the Law Society’s website. Remote Access to Your Teraview Account I practice real estate. I have a transaction closing at the end of the week, but I am scheduled to be out of the office… Read More »
Categories: Real Estate, Technology