REEM Law ensures that this fundamental contract is tailored to protect the buyer’s interests. The APS outlines critical details such as the price, deposit amount, and conditions (e.g., financing or home inspection clauses). The legal team will thoroughly review this document to ensure there are no ambiguous terms or clauses that could harm the buyer.
A comprehensive title search is one of the most important legal checks before purchasing a property. REEM Law will search public records to ensure the property title is free from issues like outstanding liens, disputed ownership claims, or encumbrances such as easements or rights of way that could affect future use.
Legal professionals at REEM Law will review any additional documentation provided by the seller, including zoning reports, tax certificates, and compliance with municipal by-laws, ensuring that the property is in good standing.
If financing is part of the purchase, REEM Law will review the mortgage documents to confirm that the loan terms are clear and beneficial, and will register the mortgage against the property if required.
During closing, REEM Law will prepare all required legal documents, such as the deed of transfer, and coordinate with the seller’s lawyer to ensure funds are transferred appropriately. They also ensure that any necessary adjustments, such as property tax payments, are made. Once all conditions are satisfied, the property will be officially registered in the buyer’s name.
The legal team will handle all closing procedures, ensuring that funds are appropriately transferred and that all legal documents, such as the deed of transfer, are completed and registered.
Before a property can be sold, the seller must provide a clear title. REEM Law will investigate and resolve any title issues, including removing liens, correcting boundary discrepancies, or resolving disputes that could delay or jeopardize the sale.
REEM Law will ensure any existing mortgages on the property are properly discharged once the sale is completed. This is crucial to ensure that the buyer receives a clear title without any encumbrances.
The APS is a legally binding contract that outlines the terms of the sale. REEM Law will draft or review this agreement to protect the seller’s rights, ensuring all obligations, such as property disclosures, are clearly outlined.
Adjustments for items like property taxes, utilities, and other expenses are often necessary before closing. REEM Law will handle these adjustments, ensuring both buyer and seller are only responsible for costs applicable during their period of ownership.
A title search is conducted to confirm that the seller has a clear and legal right to transfer ownership. This search will also ensure there are no undisclosed legal encumbrances such as unpaid taxes, liens, or judgments against the property.
REEM Law facilitates the legal transfer of property ownership by preparing, reviewing, and registering all necessary documents with the Land Registry Office. This ensures the buyer’s ownership is officially recorded and protected by law.
If any encumbrances are discovered, such as outstanding liens or easements, REEM Law will work with the parties involved to resolve them before the title is transferred.
To protect buyers and lenders from unforeseen title issues that could arise after closing, REEM Law will advise on and arrange for title insurance policies. These policies cover matters like fraud, survey errors, or unforeseen claims that could threaten ownership.
: In some cases, REEM Law may assist clients in negotiating better terms with lenders or ensuring that penalties for breaking an old mortgage are minimized.
Refinancing often involves signing a new mortgage agreement with a lender. REEM Law will review these documents to ensure that the terms are clear and that the client is fully aware of their financial and legal obligations.
When refinancing, the old mortgage must be legally discharged, and the new one must be registered against the property. REEM Law ensures these steps are taken efficiently and in compliance with legal requirements.
In addition to refinancing, homeowners may take out additional loans or second mortgages. REEM Law ensures these arrangements are properly documented, protecting the client from any future legal complications.
REEM Law assists with the preparation and notarization of wills, ensuring that the documents are properly executed to stand up to any future legal scrutiny. Similarly, they prepare powers of attorney, allowing clients to appoint someone to manage their affairs if they become incapacitated.
These legal statements are often required in court proceedings, for immigration applications, or in financial dealings. REEM Law prepares and notarizes affidavits and statutory declarations to ensure they comply with the legal formalities.
Certain legal documents require notarized signatures to be legally binding. REEM Law acts as an official witness, confirming the identities of those signing and ensuring that the documents are executed correctly.
REEM Law certifies true copies of important documents, such as passports, contracts, or diplomas, making them legally recognized for use in various situations.
REEM Law administers oaths for affidavits or statutory declarations, ensuring that these legal statements meet the required standards for use in courts or government agencies.
REEM Law tailors its legal strategies to the specific needs of each client, providing personalized advice and attention to detail that clients expect from luxury firms.
REEM Law ensures that legal matters are handled efficiently, streamlining procedures to meet tight deadlines while maintaining the highest standards of legal compliance.
Keeping clients informed and engaged throughout their legal journey, REEM Law offers premium customer service, ensuring they are available for consultation and updates on their cases whenever needed. By adhering to provincial and federal regulations, REEM Law ensures that all transactions are compliant with Canadian legal standards, providing peace of mind to clients.
Whether buying or selling real estate, refinancing a mortgage, or managing other legal matters, REEM Law provides full support from start to finish, ensuring that clients understand every step of the process.
