Real Estate Lawyers Edmonton

A Mortgage is a loan which uses your house as security. The bank places a lien on the property in exchange for providing you with the money to buy a new home, renovate your existing one and much more.

A Builder’s Lien may be placed on a property after work is done, or material is supplied if the provider is unpaid.

The Alberta Land Titles Office confirms the ownership and status of the land through a title search.  Legal documents are collected by the Alberta Land Titles Office to confirm ownership, restrictions upon real property, transfers, security for loans and so much more, which appear on a title search.

According to the Alberta Land Surveyor’s Association, a “Real Property Report is a legal document that clearly illustrates the location of significant visible improvements relative to property boundaries.”  It is a survey or map of the subject property.

Yes. Your KBL Law real estate lawyer might suggest that home inspections are prudent. There could be some structural deficiencies that are identified by a qualified property inspector. You are investing a lot of money into the property, it is important to consider an inspection.

An Easement is a right for another to use a portion of a property, allowing someone to perform a necessary task such as place and mark services or pipelines, among other things.

When you sign your mortgage, you must make mortgage payments, on time. If you are one day late, you are technically in default. While most banks do not allow foreclosure immediately, they do have the right to commence a claim against you.

Foreclosure is the legal process where the bank asserts its legal right to possess your property because you failed to satisfy your end of the bargain. You failed to pay your mortgage on time, so you are in default. You could lose your home, and the bank can apply to the court to sell the property.

The earlier the better after you have sold your property, but you should meet with your Edmonton law firm at least 10 days before the completion date.

The land developer can restrict how a property is used, the size of the house and how it looks, the colour of your siding or your front door, the type of fence you can build and so forth.  Experienced real estate lawyers provide help with real estate transactions, so you are aware of restrictive covenants.

Yes, you can place any sensible conditions on a home sale. The most common conditions will include inspections, repairs, selling their current home, financing and legal approval.

The Province of Alberta requires you to include the following in your purchase offer: seller name, buyer name, price, legal property name, additional fixtures included in the purchase, warranties, time requirements, insurance, GST, signatures, dates and provisions for a default.

A standard form contract is often used for residential real estate.

Common Real Estate Fees can include legal advice, documentation preparation, appraisal, inspection, closing costs, title insurance, registration, adjustments and GST.

The seller usually pays the Real Estate Agent.  Often a buyer will also sign an agreement to pay a portion of commissions, if not paid by a seller.