Commercial Real Estate Law
Working for your success
From leasing agreements to the selling and buying of property as part of a corporate expansion or reorganization, you can trust the experienced professionals at AGB Lawyers to help you navigate the legal landscape associated with commercial real estate.
- drafting of landlord/tenant agreements for investment properties
- development of purchase and sale contracts
- resolution of issues related to surveys and titles
- review of financial documents
- drafting of commercial leases for retail or office space
Frequently Asked Questions
HOW MUCH WILL IT COST?
The legal fees and disbursements of any given real estate transaction vary depending on the type of transaction and all the elements involved in the transaction.
Before you hire us, we will provide you with a detailed quotation estimating all of the fees and disbursements so that you know exactly what you will have to pay on closing day. For residential real estate transactions, we provide a flat fee once we have determined the services you require.
We have separate quote sheets for sales, purchases, refinances or miscellaneous transactions that set out the different
WHAT IS “TITLE INSURANCE” AND WHY DO I NEED IT?
WHAT DO I NEED TO GIVE MY LAWYERS TO START THE PROCESS?
To protect the land registry system from title fraud, the Law Society of Upper Canada requires that all prospective real estate clients provide contact information (name, address and date of birth), two pieces of ID (including one photo ID), the agreement of purchase and sale and, at the end of the transaction, a copy of all waivers (fulfillments of conditions).
We will gather together this information, including the details of the specific transaction involved. Once we have all of this information, we will provide you with a list of the documents and items you will need to provide to AGBL.
DO I NEED A REAL ESTATE AGENT?
Realtors add value for buyers and sellers in most real estate transactions. As we have worked with hundreds of agents and companies over the years, we would be pleased to recommend an appropriate realtor best suited to your particular needs.
If you do not wish to use a realtor, AGBL can assist you to prepare and negotiate a private purchase and sale agreement.
WHAT IS THE LAND TRANSFER TAX (LTT) REFUND?
The Land Transfer Tax refund is for first-time homebuyers, that is, a buyer who has never owned any type or piece of property anywhere in the world at any time.
The LTT rebate allows for a one-time rebate of up to $2,000. This rebate happens instantly upon registration of the transfer. This means you do not have to pay first and get reimbursed later—the purchaser simply does not pay the amount of the rebate on closing. The LTT refund works on a proportioned basis. For example, if two people purchase a home together but only one person is a first-time buyer, the rebate will be $1,000.
I AM BUYING A PROPERTY JOINTLY WITH ANOTHER PERSON. WHAT DO I NEED TO THINK ABOUT WHEN DECIDING WHO HOLDS THE TITLE?
This is a very important question. How title to property is held has a direct impact on estate planning and disposition of property upon the death of a titleholder. Joint ownership can be used to reduce probate tax on death but is not appropriate in every circumstance.
At AGBL, we devote a considerable portion of our practice to will and estate planning. Advice on who should hold the title is provided as part of every residential real estate transaction we handle on behalf of our clients—there is no additional fee.
WHAT IF I HAVE RELATED LEGAL CONCERNS THAT FALL INTO THE AREA OF FAMILY LAW?
DO I ALWAYS NEED A HOME/BUILDING INSPECTION?
WHAT OTHER VALUE DOES AGBL ADD TO MY TRANSACTION?
As a full-service firm, the most important thing that distinguishes AGBL is the fact we take all the time a client needs (in fact we insist on it). We review the transaction from all angles, including estate planning, family law and the extent to which the purchase or sale may affect a client’s corporate or business interests.
We ensure clients get a full report and documentation on all matters that affect their land. At every step, our focus is ensuring you know everything you should know about the property by the time of closing.