Real estate attorney in Mississauga, ON that, offers services including condominium purchases and sales
Buying or selling a condominium can be an exciting time in an individual’s life. They may be moving out of a condominium to a larger property or for a new career, or they may be considering the purchase of a condominium to get out of smaller apartments. Whatever the reason, it is a good idea for individuals to consider the assistance of a real estate attorney in “my area” of Mississauga, Ontario. A real estate lawyer can assist with the purchasing or selling of a condominium to ensure the contracts are proper and the legal aspects of the transaction are handled by a professional.
What makes the purchase and sale of a condominium different from a house?
There are a variety of legal issues that can arise from the purchase or sale of a condominium because the property is not technically in possession of the individual selling the condo. In most situations, condominiums involve partial joint ownership and are often under a community or homeowner’s association. This can make the purchase or sale of these properties more complex—and confusing—for those who are not familiar with the in’s and out’s of condominiums. Seeking the assistance of a real estate attorney is always a good idea to ensure a smooth transaction.
What rules may impact the sale or purchase of a condominium property?
The ownership structure that is involved when trading hands of a condominium property can be complicated, and buyers and sellers need to follow specific, strict rules and laws. Some things to consider that can make these transactions complicated include:
- The ability for a prospective buyer to live under the condominium’s bylaws and rules
- Ensuring that any disputes can be handled in a timely and civil manner between owner and purchaser
- Understanding the costs that may be involved in purchasing a condominium unit, including association fees or monthly charges for amenities
Discuss your needs with Gujral Law Office
Mr. Tarunjeet Gujral and his team are dedicated to helping individuals and businesses with their legal needs. If you are considering legal services and assistance in condominium purchases and sales, we can help. Contact the office at (647) 957-8077 today to request a consultation appointment at Gujral Law Office.Back to Real Estate Page