FK
72 Berkeley Street M5A 2W7 Toronto, ON, Canada

We are looking for an amazing residential real estate lawyer for who has 2 to 3 years experience or so. If you’re interested in working in a high energy, high paced firm and have amazing team skills please contact us for further details. Salary is based on experience etc. ... Thanks and have a great day!

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Doing pre offer status certificate reviews. Market is heating up. Let us know if you need anything.

The market is heating up! We are doing a lot of pre-offer status reviews this weekend. Keep them coming! If you need any help or a quick review of a status certificate to get the edge on an offer you are making, let us know and we are glad to help out!

On Assignments ---- Builder's lawyers now say.... "It is also important to note that due to recent CRA policies with respect to Assignments, the Vendor will no... longer be allowing the assignment of the HST rebate credit from the Assignee to the Vendor on final closing. Accordingly, if the Assignee is eligible for a New Housing Rebate or new Housing Rental Rebate, the Assignee will need to make an application directly to CRA after final closing. This will also be detailed in the assignment documents to be prepared by our office." This means that, on FINAL CLOSING, MANY builders are CHARGING THE HST REBATE amount on top of normal builder closing costs for ALL assignments (whether you are living there or it is an investment). Therefore: Be ready to close with an extra 24K on all assignments. The good news is we can then get most or all of this money back for you 3-4 months after closing via various Rebates we can get for you. Have a great weekend and I love you.

A huge thanks to our incredible law team. I know it has been a massive transition for everyone (our team, clients, banks, realtors, everyone), and all at once, but we persevered and managed to not just "manage", but to rock it out of the park! Despite these changes in almost every aspect you can imagine, we ended up revamping to give better, more attentive and faster service than ever before. All the kudos coming in from clients is such a pleasure to see during these times. Have a great weekend everyone and stay safe!

TARION Q&A on COVID-19 Pandemic: Unavoidable Delay & Critical Dates* *Important Note: The following questions and answers are intended for general guidance and do not constitute legal or other professional advice. The reader is advised to seek legal advice from their own legal counsel to address their particular circumstances....Continue reading

How does the Covid19 situation affect New Construction Buyers? A pandemic is considered an "Unavoidable Delay" ("UD"). Therefore, the new home warranty (Tario...n) allows a Builder to unilaterally amend the schedule of critical dates by the period of the UD by giving notice to buyers. Let's assume the following is the existing schedule of critical dates: 1st Tentative Date: May 1, 2020 2nd Tentative Date: Sept 1, 2020 Firm Closing Date: Feb 1, 2021 Outside Closing Date: Sept 1, 2021 First Day a buyer could cancel the contract: Sept. 2, 2021 Last day a buyer could cancel the contract: Oct 2, 2021 Because of the Unavoidable Delay, a Builder is entitled to revise that schedule by the length of the delay. So, if the Covid19 Lockdown lasts 30 days (more or less), the revised schedule would look more or less like this: Revised UD 1st Tentative Date: June 1, 2020 Revised UD 2nd Tentative Date: Oct 1, 2020 Revised UD Firm Closing Date: March 1, 2021 Revised UD Outside Closing Date: Oct 1, 2021 Revised UD First Day a buyer could cancel: Oct 2, 2021 Revised UD Last day a buyer could cancel: Nov 2, 2021 Not all builders will invoke the provisions of the Warranty to reschedule your dates. However, if you have received a Notice of an Unavoidable Delay, the builder must also send you a Revised Schedule of Critical Dates once the length of the delay is know. We hope this helps you understand, and plan, for some of the implications of this situation. Stay well, everybody.

Real estate is deemed to be essential! 65. Professional services including lawyers and para-legals, engineers, accountants, translators; 67. Land registration services, and real estate agent services and moving services;... https://news.ontario.ca//03/list-of-essential-workplaces.h We will all be working from home but at least this means any existing deals will close and people won’t be left stranded without homes!

We are now completely touch-free from beginning to end. You can retain our firm, do everything by email and sign up with us from the comfort of your own home. Let us know if you have any questions anytime by emailing [email protected]

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Best Practices in an Assignment Whether you are a seasoned investor, a realtor or an end-user, ASSIGNMENTS can be complicated. Here are our top 5 tips when it comes to an Assignment Agreement: Make sure all details exactly match the Original builder Agreement (i.e. unit number/level number/ parking/ locker details/ names of parties). Be wary of Amendments which change things!... Make the Assignment Agreement conditional upon obtaining builder consent within 30 days from the acceptance of the Agreement - shorter timelines may not be enough. Define a specific assignment Closing date, and set out when the various payment(s) (such as deposits and profit) should be released. Ensure that payment for all extras/upgrades is included in the Assignment Agreement. Make your Agreement conditional upon lawyer review for at least 5 business days by an amazing lawyer who knows assignments well!