When You Need a Real Estate Lawyer

When to Hire a Real Estate Lawyer in Canada

In the Canadian real estate market, navigating legalities and protecting your investment can be complex. This post explores crucial situations where a real estate lawyer safeguards your interests and ensures a smooth property transaction. Continue reading to learn about the scenarios when a lawyer’s expertise can protect you from potential pitfalls, provide peace of mind, and save you time and money.

When Concerns Cloud the Title

A property title acts as the foundation of real estate law in Edmonton or other cities in Canada, proving ownership and safeguarding rights. It tells who owns the real estate and what restrictions (if any) are associated with the property’s ownership. We always recommend hiring a real estate lawyer in Edmonton or other Canadian cities for any concerns regarding a property you own or are considering buying.

During Unexpected Ownership Claims

A claim to have an interest in your property stands for the right to possess, use, or control its part. It generally includes the claims of ownership but can also comprise valid leases on the land. An individual with an established interest in your property can be permitted compensation for the land use as well as for any enhancements they have made to it. Additionally, if their use has been long-term and they can demonstrate certain rights, they could potentially seek legal land ownership. Hiring the best real estate lawyer in Edmonton is always recommended if you ever find yourself in such a situation. A lawyer will help you act fast and accurately according to the condition. 

When Unforeseen Problems Arise During the Sale

Two types of complications can arise while selling a property: one is associated with the property itself, and another is associated with the selling process. In the below section, we will discuss both of these complication types:

  • The property may have issues regarding zoning or repairs. In such a scenario, the buyer or his agent may strive to fix the zoning issue or negotiate some repairs into the Sale or Purchase Agreement. The seller’s lawyer will negotiate the clauses for the agreement on the seller’s behalf and help to close the deal successfully. 
  • Complications may also arise during the selling process. For example, the mortgage company may refuse to lend money, which causes a significant issue that needs resolution before closing. For example, a mortgage denial by the lender can create a major roadblock before closing. This issue needs to be resolved before moving forward. Historically, it has been seen that property issues cause major hurdles in securing a mortgage. A real estate lawyer in Edmonton or elsewhere can help identify and resolve these issues, smoothing the path to loan approval.
Hire a Real Estate Lawyer in Canada

While Buying a Property

Many people think that real estate lawyers and agents do the same thing. While both strive to make the complex property acquisition process easier for clients, their areas of operation are quite different. Real estate lawyers in Edmonton and other cities prepare and review documents. They also ensure that transactions have been completed successfully. Though real estate agents handle legal documents, they may not be equipped to explain their full legal ramifications. However, agents can help clients find properties available for sale and also assist them in processing legal documents. So, you may need both lawyers and agents while buying a property in Canada. In conclusion, navigating the Canadian real estate market with a trusted real estate lawyer by your side provides invaluable protection and peace of mind. Their expertise ensures a smooth transaction, safeguards your investment, and clarifies any potential complexities. The experienced team of Peter B Mason Professional Corporation Real Estate Lawyers understands the intricacies of Canadian real estate law. Most importantly, we are committed to guiding clients through every step of the real estate transaction process and streamlining their entire journey. Contact us today for a consultation and receive the trusted legal advice you deserve