Buying a Home |

Home – Buying a Home

Buying a home is an exciting and stressful endeavour. Our team of real estate lawyers in Toronto and GTA area are committed to providing you with quality legal services while taking the time to understand your unique circumstances. We will ensure that you have the information you need, that you know the exact cost of our legal services (i.e. your exact closing costs) up front and that all meetings are setup around your schedule.

Things to consider about:

When buying a new home, the Tarion Warranty (formerly The Ontario New Home Warranty Program) . Tarion is a private corporation whose mandate is to protect the rights of new-home buyers. It regulates new-home builders by ensuring that they abide by the ONHWP Act, and protects the home purchasers by intervening when builders fail to fulfill their warranty obligations. It is the responsibility of your builder to enroll your home in the Warranty Program. As part of this process you will be required to perform and sign off on a final inspection, and you will be provided with several documents for your records.

Our lawyers will review all such documents to ensure that your new-home purchase is a solid investment from a legal perspective, and that the home you purchase meets Tarion requirements.

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When buying an existing home (previously owned), you are not covered by any formal warranty. It is the responsibility of the buyer to inspect the property, or have it inspected by a home inspector at your or the homeowner’s expenses.

Our lawyers will ensure that the seller has the right to sell the house, that no one else has any claim to it, and that there are no utility account arrears that you may inherit.

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If you are considering buying a multiple-unit dwelling and living in one of the units, you become responsible for the existing tenants. Tenants are protected by the Land Tenant’s Act, and by their leases. It is your responsibility as buyer to review the leases, know the tenants’ rights and obligations, and your rights and obligations as lessor.

Our lawyers will review and help you understand all terms of the leases, such as their duration, who pays for utilities, and so on, and we ensure that your rental property purchase is legally sound.

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