Kormans Legal Blog

Legal Information Made Easy






  • Since the introduction of the Trust in Real Estate Services Act (TRESA) and increasing discussions around self-represented parties, we’ve seen a rise in queries from real estate brokerages and agents. One common concern is how to handle the payment of a Buyer’s commission when the Seller is either self-represented or h...
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  • One of the most common questions we receive from clients is how easements affect their land title and what rights utility companies have to inspect their property. If you’ve ever wondered why a utility company can enter your land or why a neighbor can use part of your property, it’s likely because of an easement. ...
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  • Ontario Landlords! Are you ready to rent out your property? Here’s what you need to know first. As a landlord in Ontario, you’re probably eager to start earning rental income, but before you hand over the keys, there’s one crucial question you need to ask: “Do I need a license to rent out my property?” Wh...
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  • A survey is an essential document in real estate transactions that provides precise information about the boundaries and features of a property. The significance and proper understanding of a survey cannot be overstated for all parties involved—buyers, sellers, lenders, and legal professionals—to ensure a smooth tran...
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  • Effective August 1, 2024, new mortgage rules will allow First Time Home Buyers to opt for up to a 30-year amortization period for high ratio mortgages (mortgages where the principal amount is more than 80% of the property’s value, or in simpler terms, where the down payment is less than 20% of the property's value). This...
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