Acting for Real Estate Developers
- Prepare Disclosure Statement and related documentation for multi-unit developments, including fractional ownership
- Joint venture agreements
- Advise on requirements to sell real estate on behalf of the developer
Acting for Real Estate Purchasers
Preparing conventional sale documents; e.g. statement of adjustments, mortgage for residential or commercial property
Reviewing disclosure statements and related documents for shared interests in land (e.g. condominium, fractional ownership, etc)
Practice Tip: Real estate legislation in Canada is designed to give consumers protection before they buy a shared interest in land. If you are buying property, such as a fractional interest, condominium, etc. make sure you understand the key rules - e.g. pets, smoking, and your estimated ongoing financial obligations. The purchaser's deposit should be held in trust by a lawyer until such time as the developer can transfer the completed property to the purchaser free of financial encumbrances.
