We're growing. Join our firm. Learn more about Careers at Schwarz Law.
One of the most important documents signed is the Agreement of Purchase and Sale or Offer. When you make the offer, there are certain things you need to look at. Here is a list of some of them: Dimensions: The Offer lists frontage and depth: walk the boundaries, see where they are, get a survey…
The Mortgage Broker Today’s article is a little different. I had a chance to discuss mortgage brokers and their role in the system with my good friend Tom Gasparec of the Mortgage Centre who explained his role in the home purchase process. Who is and why use a mortgage broker? Just as an insurance broker…
You and Your Real Estate Agent By: Jayson Schwarz LLM In today’s marketplace realtors are an often valuable and important part of the process. Today we will explore the mysteries surrounding them. How do you pick a realtor? Let’s see . . . Uncle Bob’s cousin’s sister’s aunt’s brother-in-law Bill, says that Sadie is a…
Finding your House and Lawyer In today’s article I will continue the process of providing some of the basic knowledge that you will need in order to go forward to put in an offer to purchase your home. Last week we discussed the kinds of homes. 1. The first thing to do is figure out…
Common Forms of Ownership Buying a home is the most important financial commitment most of us will make in our lives. Today’s column will deal with the first step to be taken before making an offer to buy a home. Ok, where do I start? The first thing to decide is what kind of real…
What is Land Transfer Tax and when is it paid? Whenever you purchase Land in the Province of Ontario, you have to pay a tax referred to as Land Transfer Tax. Land Transfer Tax is payable on every resale home purchase and can be thousands of dollars. To find out how much check with your…
When you are ready to sign a New Home or a New Condominium Agreement of Purchase and Sale or Offer, here are a sampling of items to look out for: Hydro and water installation and subdivision charges – get written maximums put in; Development charges and levies – get deleted or written maximums; The vendors…
What are some of the differences you would find when purchasing a brand new condominium and a brand new freehold home? When you buy a new condominium you have a 10 day cooling off period, to get cold feet and back out with no questions asked. When you purchase a new homes or resale home…
When you buy a resale freehold home there are things you need to look at to go in the Agreement of Purchase and Sale or Offer: Dimensions: The Offer lists frontage and depth, walk the boundaries see where they are. Get a survey and measure. Make sure you are getting what you are supposed to…
Lately I have had a large number of new buyers come to me after conditional periods in an offer have expired. When I ask why they waited I get one of two standard responses: I didn’t think I needed a lawyer until it was time to close; the sales agent told me I didn’t need…
As seen in Toronto Builder By: Lisa Gordon with Jayson Schwarz LLM Home builders make it their business to know what their customers want, be it the latest in materials, finishes, upgrades or add-ons. But how well do they really know their purchasers when it comes to source of funding? Money laundering and terrorist financing…
By: Konstantine Chatzidimos, of Schwarz Law LLP, Toronto. The assistance of Jayson Schwarz, LLM, senior partner thereof, in editing this article is gratefully acknowledged. Introduction Numerous factors come into play in the interpretation and application of exclusionary clauses in new-home agreements. Aside from the wording of these provisions is the nature and significance of the…
Auto Insurance Claims: What to do if your car is Damaged From windstorms to thieves to bad drivers, there are all sorts of reasons why you might find yourself in the position of having to make a claim on your auto insurance. If your car has been damaged, you must report the accident to your…
No one wants to be in a car accident, and it may not be your fault, but the more you drive or ride the higher your chances of being involved becomes. If you are in a motor vehicle accident, there are some things that the law requires you to do: Stop your vehicle; Provide information…
You are reading this article because you are interested in either selling your vehicle or buying a used vehicle. In Ontario, there are some requirements you should be aware of, both to protect yourself, and to ensure that your vehicle is more saleable. Used Vehicle Information Package If you are selling your vehicle, you must…
By: Jayson Schwarz LLM People usually start their businesses the simplest and most inexpensive way they can. Quite often this means they trot down to the Ministry and register as a partnership or sole proprietorship. This is cheap and easy and allows them to take advantage of any start-up losses on a personal level. This…
By: Jayson Schwarz LLM`and Konstantine Chaztidimos. When you are about to either buy or sell a business you need to think about whether you are going to buy the shares of the Company in which you have the interest or buy its assets pursuant to the Bulk Sales Act. The assets usually include the physical…
By: Jayson Schwarz LLM The media seemed to have no shortage of fearsome accounts of real estate fraud involving innocent home and condominium owners during the past year. Generally, real estate fraud presents itself in two principal forms: (a) Title Fraud: This ordinarily involves criminals using stolen identities or counterfeit documents to illegally transfer ownership…
By: Jayson Schwarz LLM First of all I would like to simply explain for those of you unfamiliar with the terms the way the process of real estate title works. The Government of Ontario keeps records of every piece of property in the Province. These records are called the title documents. The document on file,…