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  09 November

  Residential Tenancies in Ontario 101

  • Created by Kormans LLP

  
  

  Prior to entering into a residential lease in Ontario, landlords and tenants alike should apprise themselves of their rights and obligations under the Residential Tenancies Act (RTA). The laws and regulations regarding residential leasing can be complex and nuanced, therefore landlords and tenants may wish to consult a leg...

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  15 June

  Understanding the Distinction Between Chattels and Fixtures

  • Created by Kormans LLP

  
  

  In the realm of property law, it is essential to differentiate between chattels and fixtures, as they hold distinct legal implications. Ontario, like many other jurisdictions, recognizes the importance of this distinction when determining ownership rights, contractual obligations, and the transfer of property. Chatt...

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  21 April

  Interest Rates: What Are the Legal Restrictions?

  • Created by Kormans LLP

  
  

  Under section 2 of the Interest Act, a person may contract for any rate of interest that is agreed upon, that is, “except as otherwise provided by this Act or any other Act of Parliament”. Section 347 of the Criminal Code of Canada prohibits loan agreements or arrangements which call for interest at a criminal r...

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  09 March

  What Does a Real Estate Lawyer Do for Home Buyers and Sellers?

  • Created by Kormans LLP

  
  

  Over the course of a real estate purchase or sale, buyers and sellers will encounter all manner of professionals who will assist with various aspects of the transaction. Real estate lawyers in particular play an important role in assisting with various legal aspects of buying or selling a property. Here are a few key ways ...

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  22 December

  Mortgage Discharges: Removing a Fully Paid Out Mortgage From Your House Title

  • Created by Kormans LLP

  
  

  As a real estate lawyer, one of the most frequently asked questions that I receive relates to the removal of a mortgage from the title of a property once the owner has fully paid it off. Many homeowners assume that once they complete their mortgage payments or pay out a lump sum to their lender/refinance to pay off the o...

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