Kormans Legal Blog

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  • Decoding a Status Certificate
    • Created by Kormans LLP

    Purchasing a condominium in Ontario demands more than selecting the right unit! One of the most important aspects of this transaction is a thorough review of the status certificate. What is a status certificate you ask? It is the statutory disclosure document under section 72 of the Condominium Act, 1998[1] provided by a c...
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  • As part of a commercial real estate sale transaction, our office often gets retained during the early part of the transaction in order to review the Agreement of Purchase and Sale (the “APS”). One of the most important aspects of the APS that we lookout for is whether HST is “included in the sale price” or if HST i...
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  • Foreign buyers of residential property in Toronto now face yet another tax to consider. In addition to the Provincial Land Transfer Tax, the City of Toronto’s Municipal Land Transfer Tax, and Ontario’s Non-Resident Speculation Tax (NRST), the Municipal Non-Resident Speculation Tax (MNRST) has been introduced. MN...
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  • Cottage Opportunities
    • Created by Kormans LLP

    Our law firm has a large presence in the vast “cottage country” in Ontario. For decades we have been actively retained for the purchase, sale and refinance of cottage properties all over the Province. As such we have a deep-rooted understanding about the uniqueness of cottage properties both from a lifestyle point of v...
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  • Back in the old days, most families had what they called “their lawyer”. That’s right. We called them the family lawyer. Not because they practiced family law (although some did I’m sure), but because of the relationship each family had with their lawyer. It’s almost like the lawyer and/or law firm were passed do...
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