What are the duties of an executor?

Being appointed executor of an estate is a big job. While the official definition of the role sounds fairly straight-forward — gather up the estate assets, pay the deceased’s debts and divide what remains of the deceased’s estate among beneficiaries — the actual effort involved in these three tasks is far greater than it sounds. [...]

By |2019-04-03T18:30:09+00:00December 28th, 2018|

Always review a current status certificate before buying a condo

Buying a condo is not the same as buying a house. With a condo, there are a few extra details you should check before signing the deal. A crucial one is the status certificate. Here’s why. One woman we know simply had her lawyer review the status certificate’s summary page before getting the go-ahead to [...]

By |2019-05-01T23:00:38+00:00September 30th, 2018|

Buying a house with a tenant? Here’s what you need to know

For many homeowners, renting out the basement or other areas of their home is an attractive idea. After all, having a tenant helps cover mortgage costs, making the purchase easier to afford. In exchange, all you (hopefully) have to do is fix the occasional leaky faucet. But having a tenant in a single-family home can [...]

By |2019-05-13T19:51:31+00:00April 2nd, 2018|

Conditions exist to safeguard interests of purchasers

A booming real estate market last year caused an uptick in offers with no conditions, a phenomenon which can harm buyers, writes Toronto real estate lawyer Lisa Laredo in The Lawyer’s Daily. Last spring, “the market was so hot that vendors were able to sell most properties within a day or two; many above the asking price,” writes [...]

By |2019-05-13T20:19:50+00:00January 30th, 2018|