Title insurance beats out solicitors' opinions for budget-conscious home buyers, Toronto real estate lawyer Lisa Laredo tells AdvocateDaily.com. In fact, Laredo, principal of Laredo Law says in the hundreds of real estate deals she’s worked on, she has never been asked to give a solicitor’s opinion on the title of a property. “Title insurance is [...]
From a real property law standpoint, many important aspects of conveyancing need to be addressed following the death of a registered owner, Toronto real estate lawyer Lisa Laredowrites in Lawyers Weekly. The first, explains Laredo, principal of Laredo Law, is joint tenancy. “In general, where two individuals hold title to real property as joint tenants, [...]
A recent Divisional Court decision that found a mortgage was not a fraudulent instrument allowed the lender to rely upon the state of the title register which showed no prior mortgages — resulting in the court overturning a prior decision over which the original/previous lender had the ‘first mortgage’ on a property, Toronto real estate [...]
Toronto real estate lawyer Lisa Laredo advises condo owners to check with their boards on the guidelines for holiday adornments before stringing up lights and holiday decorations. Toronto has hundreds of high-rise condominium complexes housing thousands of people from diverse backgrounds, and condominium corporations have to cater to all, making it impractical to acknowledge every [...]
A recent case demonstrates any breakdown in the five-way test required to establish negligent misrepresentation in real estate transactions will result in a failed claim. In Drolet v ReMax Riverview Realty, plaintiff Jean-Sebastien Drolet sought compensation from the real estate agent for money the plaintiff spent preparing a piece of property for the development of [...]
Although a recent case shows that any breakdown in the test required to establish negligent misrepresentation in a real estate transaction will result in a failed claim, honesty is still the best policy when it comes to defending this type of accusation, Toronto real estate lawyer Lisa Laredo tells Law Times. As the article notes, [...]
Here is a list of things that should be included in your contract of services to be performed by your lawyer when you make condominium or freehold home purchases: Review executed agreement of purchase and sale. Drawing or negotiating agreements or other negotiating will involve an additional fee, Investigate title, make requisitions on title and [...]
There has been recent mention in the media regarding elevators in condominium buildings that have been out of service for substantial periods of time. Stories like these raise the legal questions: what is the obligation of a condominium corporation to maintain and repair the common elements and what can be done if the corporation fails [...]
Toronto real estate lawyer Lisa Laredo welcomes the provincial government's proposal to give no-smoking clauses in rental agreements some teeth. Landlords are free to include a no-smoking clause in rental agreements, but breaking that clause is not considered a ground for eviction under Ontario's current Residential Tenancies Act. However, in a consultation paper released earlier [...]
A person who purchases a used home in Ontario accepts it as is without any warranty as to its condition or fitness as a home. There are two exceptions to that blanket statement: a) where the contract sets out representations as to the condition of one or more aspects of the structure, those representations are [...]
