REAL ESTATE LAWYER RICHMOND HILL

Richmond Hill is a city located north of Toronto, specifically in the Greater Toronto Area. The size of the city of Richmond Hill is very small and does not have distinct defined districts and regions like most cities in Toronto. However, it has few key neighbourhoods that are widely known in the city. They are Heritage Estates, Yonge Street, Jefferson, Mill Pond, Bayview Hill and East Beaver Creek. With its safe neighbourhood and the best schools, Richmond Hill is safe for families. The city is widely recognised for its beautiful museums, shopping centres, golf courses and cultural activities which is a great advantage for Residents. Using a well maintained and accessible Go Transit Train system, most residents from the city are able to commute to Toronto and other areas within the GTA. Richmond Hill is a great place to call a home when you want to move or buy a home in the neighbourhood with enough space for your growing family, or take a break from work for relaxation.

Richmond Hill real estate lawyers are experienced in real estate deals. So whether you are selling or buying a home, or refinancing a property your honest lawyer Richmond Hill is ready to serve you and make sure your needs and requirements are met. They also have a transparent fee structure with no surprises and hidden charges. Their aim is to provide an efficient, smooth and excellent service for their clients and give each case the best attention from the beginning of the transaction to its closing.

Legal Services

Richmond Hill real estate legal services include:

1. The purchase and sales of properties
2. Reviewing of purchase and sale agreements
3. Land Title Transfer
4. Amicable spousal Title Transfer or court order or as per separation agreement
5. Mortgage Title Transfer
6. Survivorship applications
7. Refinancing Properties
8. Assisting with first-time home purchases
9. Independent, spousal or Mortgage legal advice
10. Assisting foreign buyers with real estate purchases, which includes non-resident speculation tax rebate.
11. Trust Agreements and trust Declarations
12. Second mortgage and Bridge loans
13. Interim Closing of real estate deals

Relationships Built On Trust

You always need a real estate lawyer when you want to close your real estate deal, prepare a will or see to the administration of your estate. In times like this, you need a reputable, reliable and an experienced lawyer. Richmond Hill real estate lawyers provide comprehensive legal services in so many areas.  They build their relationships on the basis of trust, excellence in services and reliability. They make sure their clients feel confident and secure knowing that their transactions are being handled in the best way that guarantees their success. Real estate lawyers focus on the real estate law and other legal services that are offered in the areas of health care directives and power of attorney, wills and probate and other matters in practice

Important Aspects of Richmond Hill Real Estate Lawyers

The people who usually come to mind when we think about those involved in real estate transactions are sellers, buyers, finance team, agents and others, leaving out one of the most important parties of the process- real estate lawyers. We usually fail to pay attention to them until it’s too late. Real estate lawyers usually oversee the legal work involved in the sale or purchase of a residential or commercial property. They also check the sales contract, go through the title search and chain of ownership of the real estate, and review all legal paperwork and mortgage documents. The most important aspect of their services is that they provide legal guidance and make sure the best interests of their clients are protected.

Richmond Hill Land Transfer Tax

Land Transfer Tax (“LTT”) is the amount payable to the Province of Ontario at close of a purchase deal. If the title changes as part of a refinance, it can also be payable. There is an additional Municipal Land Transfer Tax (“MLTT”) for all properties located in Toronto. The calculation of MLTT and LTT are based on the “value of consideration”, which is usually the purchase price. The additional MLTT applies to properties located in Toronto. Currently, LTT rates are the same as MLTT rates and this doubles the amount of land transfer tax payable. Toronto also charges an administration fee for MLTT.

How to Apply The Land Transfer Tax To Your New Property

The goal of real estate lawyers is to make sure your transaction is smooth and successful. One of the ways Richmond Hill lawyers accomplish this for their clients is by assisting them through the land transfer tax application.

Importance of Richmond Hill Real Estate Lawyers

Real estate sales and purchases are one of the most important transactions that involve a lot of paperwork and an orderly presentation of documents. If any process should go wrong, it can delay the close of transaction for several weeks or months.

Real estate transactions involve factors like:

1. Ensuring the title insurance is secured for both new and existing properties.
2. The title search which helps to point out potential issues concerning the property like outstanding taxes, liens, judgments, and many more
3. Preparing the purchase and sale agreements for the real estate transaction.
4. Preparing and reviewing residential or commercial leases.
5. Commercial Real estate transactions
6. Residential real estate transactions.

To avoid any mistake or unnecessary delays, these processes must be well and successfully completed as mistakes committed could spike up the costs in the transaction process.

You will surely be disappointed if you realise late in the process of buying a house that the closing date has been delayed because the sale agreement is not rightly formatted or a lien will be grinding the whole process to a halt. These and many are the issues real estate lawyers want to help you avoid. This is exactly why a good real estate lawyer is of great essence. Leave your transactions to them to focus on and enjoy the end results of your deal.