Understanding the Role of a Real Estate Lawyer in Property Transactions

Ontario is home to some of the hottest real estate markets in Canada for both residential and commercial properties. The Canadian Real Estate Association estimates that over 495,000 properties will change hands in 2023. With the complexity of a property sale, there are countless reasons to get in touch with real estate lawyers in St. Catharines.

In this blog, we’ll talk about the role of a real estate attorney in a property transaction and why you should consider hiring one.

The Role of Real Estate Lawyers in St. Catharines

Performing Due Diligence

Does the property have a clear title? Are there any notices on the property register? Does the property have any environmental violations listed against it? These are the kinds of questions you want answered before you sign on the dotted line.

Your real estate attorney will review a wide range of sources – from title deeds to zoning laws – to ensure your property will deliver the utility and value you expect.

Negotiating Favourable Contracts

Agreements for the sale and purchase of property can be full of pitfalls, which is why you need a lawyer in your corner. A real estate law firm with knowledgeable professionals will bring years of experience in protecting clients’ interests. From negotiating favourable closing dates to understanding the small details that can become big headaches after possession, real estate lawyers ensure you are set up for success.

Obtaining Permits from the Municipality

Whether it’s adding a side entrance to your raised bungalow or getting approval for changing a permit use from a delicatessen to a restaurant, working with lawyers is vitally important.

A real estate law firm can provide ground-level expertise on the ins and outs of the municipality’s workings. This kind of expertise allows you to make well-informed decisions and plan contingencies in the event of special circumstances.

Tackling the Mountain of Paperwork

The price and terms have been negotiated, and all that’s left for you to do is to sign on all the dotted lines. There are a lot of details to manage, including mortgage details, transfer of title paperwork, property tax forms, insurance, and so much more.

Your real estate lawyers in St. Catharines will take care of collecting, filling out, and filing all of it.

Protecting Your Interests, Securing Your Rights

In real estate transactions, the devil is in the details, which is why you need a knowledgeable partner on your side. Property deals are some of the largest deals you will make as an individual or a business, and there is no room for mistakes. A trusted legal team will advise you on the best course of action to minimize risks during the transaction.

Over 140 Years of Shaping the Skyline in St. Catharines and the Niagara Region

Lancaster Chown & Welch LLP is one of the leading groups of real estate lawyers in the Niagara Region. Over a century, we have helped homeowners, REITs, developers, and more maximize the value of their properties.

Book a complimentary, no-obligation consultation to discuss your property needs and find out how our team makes your transaction seamless.