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647.812.8462

  • ABOUT
  • WHAT WE DO
    • REAL ESTATE
    • WILLS & ESTATES
    • IMMIGRATION
    • FAMILY LAW
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  • LEGAL FEES
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  • ABOUT
  • WHAT WE DO
    • REAL ESTATE
    • WILLS & ESTATES
    • IMMIGRATION
    • FAMILY LAW
    • BUSINESS
    • NOTARY SERVICES
  • LEGAL FEES
  • BLOG
  • CONTACT
logologo

647.812.8462

  • ABOUT
  • WHAT WE DO
    • REAL ESTATE
    • WILLS & ESTATES
    • IMMIGRATION
    • FAMILY LAW
    • BUSINESS
    • NOTARY SERVICES
  • LEGAL FEES
  • BLOG
  • CONTACT
logologo

647.812.8462

  • ABOUT
  • WHAT WE DO
    • REAL ESTATE
    • WILLS & ESTATES
    • IMMIGRATION
    • FAMILY LAW
    • BUSINESS
    • NOTARY SERVICES
  • LEGAL FEES
  • BLOG
  • CONTACT

Oakville Real Estate Lawyers

Monica Beffa, founder and lawyer at Beffa Law

At Beffa Law, our real estate lawyers and staff in Oakville Ontario are committed to guiding our clients through their real estate transaction while protecting their interests.

Our legal fees and closing costs are discussed upfront, and  Monica Beffa (L.B., J.D.), together with our real estate clerks always keep our clients informed throughout the closing process.

Whether you need assistance navigating complex residential real estate scenarios, negotiating leases, or other related legal matter, our experienced team is here to provide tailored support and guidance. Our aim is to provide our clients with a simple and transparent experience during the buying or selling process.

If you’re looking for a reliable real estate lawyer in Oakville who can assist you with any aspect of your next real estate transaction, contact us today at Beffa Law!

Get a Free Quote

Transparent Fees

Monica Beffa, founder and lawyer at Beffa Law

At our law office the goal is to ensure that all of our clients know their closing fees from the start, so there are no unexpected financial surprises. We provide a detailed breakdown of our legal fees and review all potential costs associated with a real estate transaction and will explain each line item so our clients fully understand the entire process and can make informed decisions.

We believe that this type of transparency is invaluable to our clients—it allows them to have a clear understanding of all expenses before signing any contracts or agreements. This gives them the knowledge they need to stay within their budget and plan ahead for any additional costs that may arise during the transaction.

In addition, knowing closing fees helps reduce stress in what can be an already stressful situation. Our clients are able to fully anticipate the end result and feel confident in the decisions they make throughout the process. With Beffa Law, you can rest assured that your closing costs will always be explained in full detail from start to finish.

Find Out More

We’re here for you.

At our law firm, we are dedicated to providing each of our clients with comprehensive legal counsel tailored to their individual needs. We have years of experience in estate planning and business law, allowing us to provide the knowledgeable advice you can rely on. Additionally, our services cover family law practice, which assures that your family matters are handled with the utmost sensitivity. Our firm’s commitment to excellence has resulted in our professionals being referred back again and again for other legal services.

Purchasing or selling a home can be an enormous undertaking, often demanding a great deal of effort and time. With that being said, we proudly offer our clients exclusive “after hours” appointments to fit into whatever schedule they may have. These meetings can be conducted over the phone, in person or via Zoom video meetings. This option is designed to offer convenience and flexibility at our customers fingertips!

Get in Touch!

Monica Beffa, founder and lawyer at Beffa Law

Beffa Law
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Real Estate F.A.Q.

WHAT ARE THE STEPTS OF A REAL ESTATE TRANSACTION?

A real estate transaction usually takes at least a few weeks to a few months to be finalized. It is a long, complicated, and expensive process that involves many steps where multiple individuals work together to ultimately transfer the home from the seller to the buyer. Here are some of the steps that you will face during a real estate transaction:

  1. Obtain a pre-approval on a mortgage. A pre-approval will help determine the cost of the home that you will be able to afford and identify the size of the loan your lender will offer you to finance your home.
  2. Hire a Real Estate Agent who will help you find the right home.
  3. Make an offer on the home and place a deposit.
  4. Retain a real estate lawyer who will conduct a title search for the property to ensure there are no deficiencies, liens, or other issues with the property. The seller and buyer need to have separate lawyers.
  5. You may conduct an inspection of the home with the help of a home inspector to identify any physical problems of the home.
  6. Conduct a final walkthrough of the property to ensure that all conditions have been met and that no new issues have developed since you first saw the property.
  7. Obtain your mortgage to finance the property.
  8. Have the lawyer review and prepare the closing documents.
  9. Deposit mortgage funds into your lawyer’s account. On the closing date, the seller’s lawyer will receive these funds from the purchase’s lawyer who will in turn provide the keys for the new home.
  10. Move into and enjoy your new home!

DO I NEED A LAWYER TO BUY AND SELL REAL ESTATE?

In Ontario, it is mandatory to hire a lawyer for a real estate deal as only lawyers have the authority to register land title deeds. Without a lawyer, the property’s title from the seller will not be transferred to the buyer. An experienced real estate lawyer will also help you spot any issues that may affect your property and rectify them for you.

The law requires the buyer and seller to have separate lawyers to help with their side of the real estate transaction.

WHAT CONDITIONS SHOULD I PUT IN MY OFFER OF PURCHASE?

Purchasing your home can be an exciting moment. You may want to close the deal quickly and move into your new home as soon as possible. However, it is important to take your time to carefully review the conditions in your agreement of purchase and sale prior to signing to ensure that you are satisfied with your purchase. Here are some conditions that you should include in your offer of purchase and sale to ensure you do not face any challenges in case the deal goes south.

  • Financing term. If you require a mortgage to purchase the home, you should always make the deal conditional on you being approved for financing and even obtaining your mortgage.
  • Home Inspection. This condition will allow you to conduct a thorough home inspection with a home inspector and identify any defects in the home. It will allow you to walk away from the deal in case you find some serious issues.
  • Fixtures/Appliances. To ensure that the home will be sold with any of the appliances or fixtures, it is essential to list them in the agreement. Otherwise, the sellers will the right to remove them and take them to their new property.
  • Sale of Current Home. You may make the purchase of your new home conditional on the sale of your existing home. This will allow you to break the contract in the event you fail to sell your home.
  • A deposit can be made conditional upon other events you decide fit your situation. If those events do not occur, you will be able to return your deposit. Otherwise, you may lose the deposit and may even be ordered to pay additional costs.

DO I NEED A HOME INSPECTION?

Although a home inspection is not required, and may sometimes be waived, it is recommended that you hire a home inspector before you purchase your home. A home inspection will help you identify any deficiencies in the home as sometimes sellers conceal the extent of damage that may exist in the home.

A home inspection is inexpensive and will save you money in the long run. You may also be able to negotiate the price of the home down to cover the costs of the damages or rep

DOES MY SPOUSE NEED TO CONSENT TO THE SALE OF MY PROPERTY?

In Ontario, if you are selling a property in which both you and your married spouse reside, you will be required to obtain your spouse’s consent to be able to sell the home. This requirement stands regardless of whether or not your spouse’s name is on the title to the property. A real estate lawyer will not be able to close the transaction without first obtaining consent. This requirement does not apply to common-law partners.

I CHANGED MY MIND; CAN I CANCEL MY REAL ESTATE TRANSACTION?

In Ontario, an agreement of purchase and sale is a contract that will legally bind both parties to the contract. It is enforceable in law and parties cannot usually break the contract without facing consequences. If either the buyer or the seller fails to close the transaction, they may be liable to pay compensation and extra fees to the other party.

Although some buyers and sellers are willing to renegotiate the deal or forgive the deposits, this is an uncommon practice. In fact, the opposite generally occurs, and one party chooses to sue the other for their losses. For example, if a buyer backs out of the deal, not only will the seller be able to retain the deposits, but the seller may also sue them for the difference if they sold the home for a lower price.

On the other hand, if a seller cancels the deal, the seller may be liable to the buyer for any damages resulting from the failed transaction. Such costs can be paying the buyer’s appraisal fees and commission, and the seller may even be liable to pay the price difference if the buyer buys another home for a higher price. The court may also force the sale of the property through a remedy called specific performance.

Overall, if you are unsure about your ability to follow through with the real estate transaction, it is best not to sign the agreement of purchase and sale as backing out of the transaction may be extremely expensive.

Contact Us Today

Additional Real Estate Services

  • Commercial Lease
  • Independent Legal Advice (ILA)
  • Bridge loans
  • Second mortgage
  • Review of Agreement of Purchase and Sale
  • Assignment of property
  • Survivorship applications

Learn More From Our Blogs

I FAILED TO CLOSE MY REAL ESTATE TRANSACTION! WHAT DO I DO?

I FAILED TO CLOSE MY REAL ESTATE TRANSACTION! WHAT DO I DO?

With stricter mortgage rules and aggressive real estate policy stances, many...

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Home Inspection – do I need it?

Home Inspection – do I need it?

In what has been called a “frenzied market” where homebuyers feel pressured...

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Why do I need a Real Estate Lawyer?

Why do I need a Real Estate Lawyer?

There are many people involved even in the smallest real estate transaction....

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FAQs for a Real Estate Purchase

FAQs for a Real Estate Purchase

When should I contact a Real Estate Lawyer regarding purchasing a...

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Services


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Phone: 647.812.8462 Fax: 647.697.2424 Email: info@beffalaw.ca

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231 Oak Park Blvd Suite 301, 3rd Floor Oakville, ON L6H 7S8
Copyright © 2021 - BEFFA LAW
All the information presented on this site must be regarded as general information and  not legal advice. Every case is different, so please contact us to assess your particular situation. A solicitor-client relationship will be established only after we’ve determined that there is no conflict of interest.
12 Days of Christmas - Official Rules

Beffa Law’s 12 Days of Christmas Giveaway – Official Rules

NO PURCHASE NECESSARY TO ENTER OR WIN

Participation constitutes the entrant’s full and unconditional agreement to and acceptance of these Official Rules. Beffa Law’s 12 Days of Christmas giveaway submission period commences at 7:00 a.m. EST on December 12, 2022, and ends at 11:59 p.m. EST on December 22, 2022, with the final winner announced on December 24, 2022. The contest is sponsored by Beffa Law.

  1. Eligibility: Beffa Law’s 12 Days of Christmas giveaway is open only to legal residents of Ontario who are 18 years of age or older. Entrants must also be Canadian citizens or Permanent Residents who reside in Ontario at the time of entry. Employees, contractors, directors, and officers of Beffa Law and its respective affiliated companies, distributors, licensees, and the advertising, fulfillment, judging, and promotion agencies involved in the development and administration of this promotion and their immediate family members and those living in the same households of each are not eligible to enter the contest.
  2. Promotion Period: The promotion begins at 7:00 a.m. (EST) on December 12, 2022, and ends at 11.59 p.m. EST on December 23, 2022. All submissions must be entered during the official time frame of the promotion to be eligible.
  3. How to Enter: (all entrants acknowledge their information will not be used or sold for other marketing or promotional purposes.)
    During the promotion period, go to the Beffa Law Facebook page and Beffa Law Instagram page and follow the instructions for each of the 12 days. Entrants must like the Beffa Law Facebook page and Instagram pages before December 12, 2022, to get specific daily instructions on how to enter the contest each day.
  4. Daily Entries: MUST LIMIT ONE (1) ONLINE ENTRY PER PERSON, PER DAY. For purposes of this promotion, a day is defined as a 24-hour period beginning at 12:00 a.m. EST and ending at 11:59 p.m. EST.
  5. Prize & Odds: Daily prize will not exceed $250 and will be picked up by the winner after the promotion period ends. No substitution or transfer of prize is permitted except at the Sponsor’s sole and absolute discretion. All taxes, and all other costs associated with acceptance or use of the prizes, are the sole responsibility of the winner. The odds of winning the prize depend on the total number of entries received.
  6. Claiming the Prize: IF CHOSEN AS THE WINNER, please privately message us to receive further instructions on how to claim your prize.
  7. Sponsor reserves the right to remove and invalidate from this promotion posts, comments, or statements of wishes that Sponsor determines in its sole discretion are inappropriate.

General Rules: Beffa Law 12 Days of Christmas Giveaway rules and guidelines:

  1. You must be 18 or older to participate.
  2. All submissions must be entered during the official time frame of the promotion to be eligible.
  3. Sponsor reserves the right to remove and invalidate from this promotion posts, comments, or statements of wishes that Sponsor determines in its sole discretion are inappropriate.
  4. All federal, provincial and municipal laws apply. Winners will be notified through Facebook and Instagram and have 24 hours to redeem their prize. The return of any prize/prize notification as undeliverable or failure to respond to notices or return any documents in a timely manner, as determined by the administrator, may result in disqualification and an alternate winner may be chosen. By participating, participants agree to release, discharge, and hold harmless promotion parties from and against any and all liability or damages associated with this promotion or acceptance, use, or misuse of any prize received in this promotion. Promotion parties are not responsible for any typographical or other error in the printing of the offer or administration of the promotion. Acceptance of the prize constitutes permission for the Sponsor and their agencies to use the winner’s names and likenesses for purposes of advertising and publicity without further compensation unless prohibited by law. By participating in this promotion, participants agree to be bound by the Official Rules and decisions of Beffa Law, which shall be final in all matters relating to the promotion. Promotion parties are not responsible for lost, late, misdirected, stolen, illegible, inaccurate, damaged, incomplete, non-delivered, or postage-due mail; or for printing, distribution, or production errors or technical, hardware, software, or telephone malfunctions of any kind, lost or unavailable network connections, or failed, incorrect, incomplete, inaccurate, garbled or delayed electronic communications caused by the user or by any of the equipment or programming associated with or utilized in this promotion, or by any human, or other error, which may occur in this promotion. If in the administrator’s sole opinion, there is any suspected or actual evidence of tampering with any portion of the promotion, or if technical difficulties compromise the integrity of the promotion, Beffa Law reserves the right to void suspect entries and/or modify and/or suspend and/or terminate the promotion and/or conduct a random drawing to award the prizes in a manner deemed appropriate by the administrator. In the event of a dispute regarding the identity of the person submitting an entry, entries will be declared made by the name appearing on the online entry. Sponsor reserves the right to disqualify any individual who tampers with the promotion or website or acts in a disruptive manner. This promotion is offered only in Canada and is governed by the laws of the province of Ontario, Canada. By entering, entrants irrevocably consent to the sole and exclusive jurisdiction of the courts of the Province of Ontario for any action, suit, or proceeding arising out of or relating to this promotion.
  5. Waiver: By participating in this promotion, participant waives all rights to claim punitive, incidental, and consequential damages, lawyer’s fees, or any damages other than actual out-of-pocket costs incurred to participate. The Prize winners waive all rights and indemnify the Sponsor against any loss or liability resulting from the Grand Prize.
  6. Winners’ names will be posted on Beffa Law’s Facebook and Instagram Pages.
  7. Sponsor: Beffa Law Professional Corporation, 301-231 Oak Park Blvd., Oakville, Ontario, L6H 7S8, Canada.
  8. Facebook and Instagram are not sponsors of Beffa Law 12 days of Christmas Giveaway and any entrants agree to release both Facebook and Instagram from all liability related to the contest.
  9. Beffa Law reserves the right to modify, change, or cancel this promotion at any time, without notice.
  10. Disputes: Each entrant agrees that: (i) any and all disputes, claims, and causes of action arising out of or connected with Beffa Law’s 12 Days of Christmas, or any prizes awarded shall be resolved individually, without resort to any form of class action, and exclusively by the courts of the province of Ontario; (ii) any and all claims, judgments, and awards shall be limited to actual out-of-pocket costs incurred, including costs associated with entering the contest, or statutory damages, but in no event lawyers’ fees. All issues and questions concerning the construction, validity, interpretation, and enforceability of the Official Rules, or the rights and obligations of the entrant and Sponsor in connection with the promotion, shall be governed by, and construed in accordance with, the laws of the province of Ontario, without giving effect to any choice of law or conflict of law rules which would cause the application of the laws of any jurisdiction other than the Province of Ontario.

 

REFINANCE
  • Review mortgage instructions for refinancing.
  • Conduct and review title searches for any defects in the title.
  • Conduct and review writ searches and execution searches.
  • Secure title insurance and all correspondence with the title insurance company.
  • Review mortgage instructions.
  • Draft all mortgage documents
  • Register mortgage documents.
  • Extensive correspondence with the lenders and banks.
  • Receive mortgage funds.
  • Review certificate of insurance.
  • Meet with client to explain and sign all legal documents
  • Close the refinance transaction and securely transfer the funds
  • Register mortgage on title
  • Open the refinance file and access to client portal
  • Report to client, lender & realtor about closing
  • One in person appointment or remote signing on zoom
  • After office hours appointment.

CLOSING COSTS &  NOT INCLUDED IN FEES;

  • Title Insurance (as per Invoice)
  • Registration Costs/ per Mortgage;
  • Software Charges;
  • Flat disbursements cost, title searches, writ searches, execution searches, bank charges, courier charges etc.

CALCULATE YOUR COSTS

OCCUPANCY
  • Acting for you in matters relating to your purchase of the property
  • Review the Agreement of Purchase and Sale
  • Conduct and review title searches for any defects in the title Submit requisitions on the title and review the responses
  • Search for arrears of taxes and obtaining a certificate
  • Confirm that utilities were in satisfactory standing and arranging for meters be read
  • Search for executions
  • Examine the draft deed
  • Review the statement of adjustments
  • Reviewing the documentation provided by the builder including warranties, declarations and vendor’s and purchaser’s undertakings, and verifying enrolment with Tarion Warranty Corporation
  • Draft documents and statements in accordance with Land Transfer Tax Act
  • Correspondence with the Condominium Corporation and obtain a Status Certificate and Certificate of Insurance and review the same
  • Meet with client to explain and sign all legal documents
  • One in person appointment or remote signing on zoom
  • Close the transaction and securely transfer funds
  • Register transfer

OTHER CLOSING COSTS

  • Software charges ;
  • Disbursements includes one title search

CALCULATE YOUR COSTS

TITLE TRANSFER
  • Complete the required documents and gather the supporting documents
  • Obtain appropriate legal advice for the tax and other implications of the title transfer
  • Review the forms for completeness and accuracy
  • Perform title searches
  • Obtain title insurance
  • Update the contents and fire insurance policy
  • Update ownership records in the utility bills
  • Advise current mortgage lender of the title changes
  • Get the title change documents registered and report them to the clients
  • Send information to the city’s tax department and condo property management of changes in ownership

CLOSING COSTS NOT INCLUDED IN FEES

  • Software charges
  • Flat disbursements cost – includes one title search
  • Registration Fee

CALCULATE YOUR COSTS

SALE
  • Review mortgage instructions for refinancing.
  • Conduct and review title searches for any defects in the title.
  • Conduct and review writ searches and execution searches.
  • Secure title insurance and all correspondence with the title insurance company.
  • Review mortgage instructions.
  • Draft all mortgage documents
  • Register mortgage documents.
  • Extensive correspondence with the lenders and banks.
  • Receive mortgage funds.
  • Review certificate of insurance.
  • Meet with client to explain and sign all legal documents
  • Close the refinance transaction and securely transfer the funds
  • Register mortgage on title
  • Open the refinance file and access to client portal
  • Report to client, lender & realtor about closing
  • One in person appointment or remote signing on zoom
  • After office hours appointment.

OTHER CLOSING COSTS 

  • Title Insurance (as per Invoice)
  • Registration Costs/ per Mortgage
  • One Mortgage payout with a Tier 1 bank
  • Software & office disbursements
  • Flat disbursements cost includes one title search

CALCULATE YOUR COSTS

PURCHASE
  • Review the Agreement of Purchase and Sale.
  • Conduct and review title searches for any defects in the title.
  • Submit requisitions on the title and review the responses.
  • Conduct and review writ and execution searches.
  • Secure title insurance and all correspondence with the title insurance company.
  • Examine draft transfer deeds and draft closing documents.
  • Review the statement of adjustments.
  • Draft documents and statements in accordance with Land Transfer Tax Act.
  • Draft documents to apply for first-time home buyer rebate for the client.
  • Correspondence with the lender and banks.
  • Review the certificate of insurance.
  • Meet with client to explain and sign all legal documents
  • Close the purchase transaction and securely transfer funds
  • Register transfer
  • Report to client, lender & realtor about closing
  • One in person appointment or remote signing on zoom
  • After office hours appointment

OTHER CLOSING COSTS

  • Land Transfer Tax
  • Title Insurance (as per invoice)
  • One Mortgage with a Canadian Tier 1 bank
  • Government Registration fees
  • Teranet and search fees;
  • Software fee and other office disbursements

CALCULATE YOUR COSTS

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