Real Estate Transactions
Expert Legal Support for Buying, Selling & Financing
Your Trusted Partner for Real Estate Transactions
Legal Expertise You Can Count On
Buying, selling, or re-financing a property is a significant legal and financial commitment that requires careful legal oversight.
At Terralaw, we provide comprehensive real estate legal services to safeguard your interests and ensure a seamless transaction. From drafting and reviewing contracts to handling the entire closing process, including title searches, due dilligence, arrnaging for title insurance, and handling mortgages, we guide you every step of the way to ensure a legally secure and stress-free process.
Real Estate Purchases – Secure Your Investment with Expert Legal Guidance
Purchasing your first home, or being a savyy real estate investor, purchasing real estate property is one of the most important financial decisions you will make. Our legal team ensures that your the process is made stressless and trasnperent, your title is protected by conducting due diligence.
Agreement of Purchase & Sale Review
We carefully examine the terms and conditions of your purchase agreement, ensuring that your rights are protected and carried out. We review Builder's Agreements, Condominium Status Certificates and Resale Agreement to indentify clauses that could create future liabilities.
Title Search & Ownership Verification
A clear title is crucial for a smooth transaction. We conduct a thorough title search to identify any potential issues such as liens, unpaid taxes, or disputes.
Mortgage & Financing Coordination
If you are securing a mortgage, institutional or private financing, we ensure that all lender requirements are met, review mortgage terms, and facilitate a smooth financing process on throughout the closing process.
Closing Process & Final Documentation
We handle all legal documentation, including land transfer, registration of title and financing, disbursement of funds, and finalizing ownership transfer.
Legal Compliance & Risk Prevention
We ensure your transaction meets all legal requirements, protecting you from future disputes.
Ongoing Support & Guidance
From start to finish, we keep you informed and address any legal concerns throughout the process.
Understanding & Calculating Closing Costs
Legal Expertise You Can Count On
Closing costs are essential expenses beyond the property price that must be paid to finalize your purchase. At Terralaw, we ensure transparency in all financial aspects of your transaction.
Typical Closing Costs Include:
- Legal Fees – Covers the cost of legal services, document preparation, and representation.
- Land Transfer Tax – A government-imposed tax based on the property’s purchase price.
- Title Insurance – Protects you against potential title defects or fraud.
- Property Tax & Utility Adjustments – Reimbursement to the seller for prepaid taxes or utility bills.
- Mortgage Fees – Includes lender charges, appraisal fees, and possible CMHC insurance if applicable.
- Registration Fees – Covers the cost of registering the property in your name.
We provide a detailed breakdown of your estimated closing costs so you can budget with confidence. Contact us today for a personalized estimate!
Need Trusted Legal Guidance? Let’s Get Started!
Whether you’re buying or selling property, securing financing, or planning for the future, Terralaw is here to help. Contact us today for expert legal support and a smooth, stress-free experience.
Real Estate Sales – Protect Your Interests When Selling a Property
Legal Expertise You Can Count On
Selling a property involves more than just finding a buyer. Ensuring a legally sound and financially secure transaction requires expert legal oversight. We provide comprehensive legal support to ensure a smooth and hassle-free closing.
How We Assist in Property Sales:
Review & Preparation of the Sale Agreement
We analyze your Agreement of Sale to confirm that all terms and conditions align with your best interests before you sign.
Title Clearance & Legal Due Diligence
We verify the legal status of your property, ensuring there are no outstanding liens or title issues that could delay the sale.
Mortgage Payoff & Financial Adjustments
If you have an existing mortgage, we coordinate the payout with your lender and ensure proper financial adjustments for property taxes, utilities, and other costs.
Negotiation Support & Amendments
If any changes or conditions arise during the transaction, we assist in negotiating fair terms and drafting necessary amendments to protect your interests.
Closing & Fund Transfer
We manage all closing documentation, liaise with the buyer’s legal team, and ensure that the sale proceeds are properly disbursed to you.
Handover & Possession Coordination
We ensure a seamless transition by managing key legal aspects related to possession dates, buyer obligations, and final closing adjustments.
How It Works
Step 1: Contract Review & Due Diligence
- We analyze your Agreement of Purchase and Sale or mortgage documents to ensure fairness and legal compliance.
- If purchasing, we conduct a title search to identify any legal issues with the property.
- If selling, we review your obligations and ensure all documentation is in order.
Step 2: Title Search & Financial Preparation
- We verify that the property title is clear of any liens, disputes, or unpaid taxes.
- We coordinate with your lender or mortgage broker to ensure that all financial conditions are met before closing.
- We assist in finalizing adjustments for property taxes, utilities, and other costs.
Step 3: Closing & Ownership Transfer
- We prepare and register all legal documents required for the transaction.
- We handle the transfer of funds and ensure that your mortgage (if applicable) is properly settled.
- We finalize the transfer of ownership, ensuring all legal requirements are met.
With Terralaw, you can trust that your real estate transaction will be handled with efficiency, professionalism, and attention to detail.
Contract Review & Due Diligence
We carefully review your purchase, sale, or mortgage documents, conduct a title search, and ensure all legal requirements are met.
Title Search & Financial Preparation
We verify clear property ownership, coordinate with lenders, and finalize financial adjustments for a smooth closing.
Closing & Ownership Transfer
We prepare and register all legal documents, manage fund transfers, and ensure a seamless transfer of ownership.
Mortgages & Financing – Legal Assistance for Institutional & Private Lending
Legal Expertise You Can Count On
Securing financing for a real estate purchase or refinancing an existing mortgage requires careful legal review. Whether you are dealing with a bank, credit union, or private lender, we ensure that all terms are clear, fair, and legally sound.
With our legal expertise, you can confidently move forward with your mortgage, refinancing, or lending transaction, knowing that your interests are protected.
How We Can Help with Mortgages & Financing:
Institutional Mortgage Review
We review loan agreements from banks and other traditional lenders, ensuring that you fully understand the terms, interest rates, and repayment obligations.
Private Mortgage Agreements
If you are securing financing through a private lender, we draft and review agreements to ensure compliance with legal regulations and to protect your rights.
Refinancing & Second Mortgages
Whether you are renegotiating your mortgage terms or securing additional financing, we ensure a legally secure and seamless refinancing process.
Secured Lending Transactions
We assist in structuring secured loan agreements, ensuring that collateral requirements and repayment terms are properly documented and legally binding.
Mortgage Discharge & Payout Coordination
If you are paying off an existing mortgage, we handle the legal discharge process, ensuring that all lender requirements are met and the title is cleared.
Bridge Financing Support
We provide legal guidance on short-term bridge loans, helping you navigate the terms and conditions to facilitate smooth property transitions without financial strain.
Why Work With Us?
We understand that legal matters can be complex and overwhelming. That’s why we provide clear, efficient, and personalized solutions that ensure your peace of mind.
Experienced Lawyers
With years of specialized expertise, we offer insightful legal advice and practical solutions tailored to your needs.
Personalized Service
We take the time to understand your unique situation and provide customized legal strategies that align with your goals.
Clear Communication
We simplify complex legal terms and processes, keeping you informed every step of the way.
Efficiency
Our streamlined approach ensures timely and cost-effective legal solutions without compromising quality.
Client-Focused
Your success and satisfaction are our top priorities; we are committed to providing exceptional client care.
Comprehensive Expertise
From real estate transactions to business law, we offer a full range of services to meet all your legal needs under one roof.
FAQs
Yes. A lawyer ensures your contract is fair, title is clear, and transaction is legally compliant.
We review the loan agreement, ensure compliance with lender conditions, and finalize mortgage documentation.
Legal fees vary based on the complexity of the transaction. Contact us for a personalized quote.
Typically 4-6 weeks, but it depends on lender approvals and legal due diligence.
Institutional mortgages come from banks with stricter approval processes, while private mortgages offer flexible financing options but may have higher interest rates.