As experienced real estate lawyers in Toronto, we know firsthand how important it is to provide attention to detail and give forethought to any property transaction.Â
From the agreement of sale and purchase to due diligence and closing, a real estate lawyer can be a guide to ensure a deal is done properly and efficiently.
Types Of Real Estate
Residential Real Estate
‘Residential real estate’ applies to any property available for occupation for non-business purposes, usually as a single family or multi-family structure.Â
Residential real estate can include collections of apartments, multi-family housing, townhouses, condos, cooperatives with multiple ownerships, semi-detached and detached dwellings, and portable dwellings such as mobile homes, houseboats, and tiny homes.
Commercial Real Estate
‘Commercial real estate’ is any property used exclusively for business purposes and/or which is used predominantly as a workspace rather. In most cases, commercial real estate is leased to tenants to allow them to conduct business on the premises. Commercial properties like this are wide-ranging, with examples including gas stations to shopping centers, retailers of all categories, office spaces, hotels, restaurants, and more.
Industrial Real Estate
‘Industrial real estate’ refers to any facilities used for manufacturing, production, research and development, storage, and distribution. In any national or international company’s supply chain, this is one class of real estate which is very important to day-to-day operations. Industrial real estate continues to be a necessity in consumption, trade, and eCommerce.
Land Real Estate
‘Land real estate’ refers to a designated portion of land on which any buildings or equipment are not included. Land real estate is oftentimes discussed as it relates to the natural resources on the land or to separate it from the man-made structures occupying it. Even when there is nothing built on a parcel of vacant land, it is still managed like any other real estate.
Buying A House
Especially if you’re a first-time home buyer in Toronto or Ontario, an experienced real estate lawyer can be a major asset as they’re trained to deal with common residential real estate problems, can clarify vague or unclear terms, can draft the necessary documentation to support your purchase, and can assist on other matters in consultation as well. All in all, this saves time, money, and risk. Some may not think it necessary however having a lawyer on-call is an excellent way to relieve stress in the home buying process and ensure you’re getting a fair shake.
Selling A House
No matter, if this is your first time selling a house in Ontario or not, a residential real estate lawyer, can work to make the transaction of moving property from your hands to a buyer’s peaceful and easy. After the selling price and terms are established by you and your real estate agents, a lawyer’s there to draft any necessary documentation and ensure what you’re signing is fair. Deals like these are some of the most complicated transactions a Canadian will have to deal with. You don’t want to be out of your depth and risk a penalty down the line.
With esteemed, skilled and capable lawyers in Toronto and lawyers in Vaughan, Hummingbird Lawyers LLP has locations in both areas to serve our clientele. Choose the location more convenient to you, and let us assist you with your legal matters.
Are you selling or buying a house in Toronto? Hire a Hummingbird Lawyers LLP residential real estate lawyer to protect yourself, your time, and your investment. Regardless of whether it’s routine contract negotiation and review, or resolving a last-minute issue, let us be your representative and help you in facilitating a fair, amenable transaction.
Contact Us
Contact Jaime Dym for additional information about our wide range of real estate law services.
Hummingbird Lawyers LLP has two offices for your convenience. Providing qualified, skilled and experienced lawyers in Toronto and lawyers in Vaughan, we are committed to giving our clients the convenience, expertise and guidance they need.
If you’re seeking an experienced Real Estate Lawyer in Toronto and the GTA fill out the form and we will reach out to you as soon as possible.
