.png)
Communicating With Your Real Estate Lawyer: The Pathway to a Smooth Closing!
.png)
Jonathan A. Hacohen
December 19, 2018
.png)
If you are reading this blog entry, then chances are that you have closed a real estate transaction in the past. Or you might be in the middle of one right now! No matter which stage you are at, know that working with your real estate lawyer is no different than any other key relationship in your life. The secret is communication!
As amazing as you feel that your real estate lawyer may be (and trust me, there are some fabulous ones — I see them daily in my office), most of them are not mind readers. So, if you have information/knowledge on your transaction that you do not share, how will your lawyer know? This is a topic that we discuss time and time again at my office. How we, as the real estate lawyers, are often the last to be told about details in our transactions. Changes in closing dates. Names of parties. Prices. Deposits. You name it. Every term in an agreement is open season — if the parties agree to amend them. But before you sign an amendment and change your deal — please pick up the phone for a call or send an email. Your real estate lawyer is happy to hear from you and rather than having your lawyer as the last point of contact — they will be your first!
There are so many advantages to keeping in communication with your real estate lawyer. Firstly, they can provide you valuable advice before making major decisions on your transaction. This can affect the outcome and very well save you time, money and give you piece of mind!
You will also lessen the chance of details being missed or neglected until the last minute — if you tell your real estate lawyer what is happening. We can update our file for you and diarize key dates and information. Knowledge is power. The more you communicate and share information, the better equipped your real estate lawyer will be to work on your closing!
Communications can begin as early as when you think of purchasing/selling/mortgaging a property. Reach out to your real estate lawyer. Introduce yourself. Discuss the transaction you are contemplating. It will help guide you from the beginning to a smooth closing. We are here to help and look forward to hearing from you.
Join our newsletter and don't miss out on a blog post!
Jonathan (aka “The Chosen Lawyer”) was called to the Ontario Bar in 2002, graduated from Osgoode Hall Law School in 2001 and completed his Bachelor of Business Administration at The Schulich School of Business (York University) in 1998. In addition to being a Partner at Kormans LLP, Jonathan’s journey in law started as an Associate with a large Bay Street law firm, as well as enjoying a secondment working in-house at Tim Hortons (TDL Group) for almost a year!
Jonathan was an Instructor with OREA, teaching the Real Property Law course to future realtors in Ontario. The Chosen Lawyer is a sought-after lecturer at seminars, team meetings and conferences—often speaking to groups including realtors and mortgage brokers on a variety of legal topics including real estate, corporate/commercial and wills/estates law. He also speaks on non-legal topics including Organization, Productivity, Motivation, Work/Life Balance and Mindfulness. Jonathan adopts a zen-like approach to the practice of law and shares his real-life experience with others in order to help them achieve success and happiness! In order to book The Chosen Lawyer for your next session, please email Jonathan at info@kormans.ca
Before entering the legal field, Jonathan chose to study business as he envisioned having a background in all aspects of business (including accounting, economics, finance, marketing and HR) would prove to be very useful as a lawyer—in understanding and communicating with business clients on their respective businesses and industries. Jonathan has a diverse client base, including many first-time home purchasers, residential clients (purchases, sales, refinances, assignment transactions), corporate/commercial clients (real estate transactions, leases, incorporations, shareholder agreements), as well as assisting clients with preparing wills and powers of attorney.
When he is not in the office or in front of a computer, Jonathan can either be found in the gym, boxing ring, learning a new recipe in the kitchen or on a yoga mat. Jonathan has competed with UFE (Ultimate Fitness Events) and is a double medal winner in the physique category! Jonathan is also an avid animal lover and can usually be found with his trusted pal Ollie (Shih-tzu dog) by his side.
Don’t forget to watch episodes of Podcasts/Docuseries hosted by Jonathan “The Chosen Lawyer”TM on the Kormans LLP YouTube channel or listen to it across all podcast players, including Apple Podcasts and Spotify!
.jpeg)
.png)
Discover how Limited Liability Partnerships (LLPs) in Ontario protect professionals like lawyers, accountants, and architects while allowing collaboration, resource-sharing, and individual liability protection.
In this blog post, we will cover in further detail some of the other key items that are important to consider when accepting HST indemnity from the Buyer for the HST self-remittance.
There is an all-too-common misconception by some Buyers and even by some Buyers’ professional, licenced realtors that the time period for the delivery of a Deposit pursuant to a resale Agreement of Purchase and Sale (APS) effectively provides the Buyer with a cooling-off period. The mistaken belief is that the Buyer has until the time and date specified in the APS for the delivery of the Deposit to have Buyer’s remorse for whatever reason and therefore elect to terminate the APS by not delivering the Deposit.
.webp)
