Commercial Real Estate Closings Toronto

I do commercial Real Estate, Both in Mississauga and Toronto.



Very few lawyers do Commercial Real Estate. I do purchase and sales of businesses, as well as purchase of investment property. Commercial transactions are more complex and difficult than the usual house or residential transaction.

If I can help you please call me

Stan Gelman
Commercial Real Estate Law
Mississauga, Ontario

905 270 5110

Waiving the Finance Condition without an Appraisal

Congratulations you have bought a new home and you have a mortgage commitment to help you fund that purchase. You cannot necessarily rely on the mortgage commitment because it is subject to an appraisal by the mortgage company.



The appraisals are usually done 2 - 3 days before closing and pursuant to the terms of Mortgage Commitment, the Mortgage Company can either withdraw its commitment or reduce the amount of funding.

This will leave you into a situation, which can easily result in litigation., and the loss of your deposit.
Do not waive a condition on Financing until you know the appraisal will be done promptly so that you will not end up into litigation. 

I can help you.
Please call me.

Stan Gelman
Real Estate Law Mississauga
905 270 5110

You've been in an accident Get Independent Legal Advice

If you have been in an accident you deserve to have independent legal advice about what your options are. Call our offices in Mississauga to arrange an appointment. 

Whether this is a motor vehicle accident or a slip and fall, my decades of experience will bring you results. Stan Gelman 905 270 5110

http://Wiselawyer.ca

Closing Costs in Builders Agreements

Builders forms and fine print often contains Levy's and addition charges for closing costs. During the 10 day rescission (cooling off) period bring your Builders Agreement of Purchase and Sale (condo or house) to make sure you understand what you are signing for. Do not get caught unaware.

Many additional fees exist in addition to the normal hydro, gas and water meters, and may take the form of park land dedication. tree planting, paving, grading or municipal lot levies issued to date of closing.

Protect yourself by understanding what you are signing within the 10 day cooling off period. Call Stan Gelman today to review your contract with you.

Mediation Could be used against you

When you agree to mediation make sure that you are protected with right clauses that anything discovered or revealed that is not in your best interest cannot be used against you in future litigation if you do not settle.

Call Stan Gelman today 905 270 5110

New Home Purchase Includes HST

The Harmonized Sales Tax (HST) and how it affects homebuyers

I just wanted to follow up with you today to provide this link to our new "Buying a home? Get the facts on HST" bilingual real estate fact sheet.

To make it easier for you to provide information on the HST and how it affects homebuyers, we created this document for you to simply print off and hand out to your clients and other interested parties.

Did you know?

About 93 per cent of all homes sold in Ontario are not subject to an additional tax amount under the HST.

It’s important to note, the HST is not charged on resale homes.

In addition it is not charged on:

home insurance
mortgage interest costs

HST is charged on:

real estate commissions
legal fees

For the entire list of what's taxable under the HST and what's not, please visit http://www.rev.gov.on.ca/en/taxchange/pdf/taxable.pdf. This list is also available for download, as a free mobile application.

And of course, you can visit our website for more information on the HST at www.ontario.ca/taxchange (en) or www.ontario.ca/modificationfiscale (fr).


Rachael, Ontario Ministry of Revenue

Contact Stan Gelman at 905 270 5110 or email sgelman.sglaw@rogers.com

http://wiselawyer.ca

Buy a Grow House in Toronto

Bill 139 would require municipal inspections, under the Building Code Act, of properties used for clandestine drug operations (including marijuana grow operations) and any orders issued for remediation, would be required to be registered on the title of the property.

Do you think you should know about this if you are buying a house?

How much discount from market does this stigma deserve?

Have you been in an Accident? New Insurance Limitations

You have been in a motor vehicle accident. You are entitled to no fault benefits…. no matter who was at fault.

The benefits have been greatly reduced.

The chart here simply explains the new no fault benefits that are available as of any new policy coming into effect as of the 1^st of September 2010.

Insurance Changes Sept 2010

It does not apply to any policies that were in effect prior to September 1^st, 2010.

There are two categories of benefits; they are non Catastrophic and catastrophic. Missing from the Non catastrophic is care giver benefits which were previously available, but care giver benefits are available to catastrophic cases.

If you have been in an accident and need legal advice, ask your question here in the comments section or email Stan Gelman sgelman.sglaw@rogers.com

Our website is Wise Lawyer.ca

Do you have a Question?

Let's Ask Stan Gelman....

If you have a question about a legal matter, whether it is Insurance Related to the New Ontario Coverage Limitations, Labour Laws and Wrongful Dismissal or a Slip and Fall. Possibly you have questions regarding a developers charges in an Agreement of Purchase and Sale for a house or condominium purchase. Family Law issues are the most emotionally charged as they most often deal with Access and Visitation as well as support.

Are you considering buying a previous grow house and the issues you need to be aware of with ESA and Occupancy Permits?

You can post your questions here in the comments section and they will be answered for you as Blog Posts or can be handled by DM.

I look forward to your inquiries.

Land Transfer Tax Calculator 416 or 905

Toronto and the surrounding area have different land transfer tax rates.

If you are also first time buyers, you have rebates available to you.

The Ontario Land Transfer Tax applies to all purchases in the Province based on the Purchase Price.

In addition Toronto charges their own Land Transfer Tax.

Click here to open the closing costs calculator.

This Calculator was provided by Stan Gelman to assist you in your real estate transaction. Give Stan Gelman a call on your next real estate transaction.

The fees quoted are for a normal residential purchase transaction up to $550,000. Additional Fees May Apply Purchase Mortgage $300 Title Insurance $250 - $350 (Relates to Purchase Price) Disbursements Searches Courier etc +/- $300.00 Rebates may vary; previous ownership and marital status. For additional information, please contact Stan Gelman at (905) 270-5110 or email Stanley Gelman, Q.C. (sgelman.sglaw@rogers.com) Closing costs calculator provided by Stanley Gelman www.wiselawyer.ca