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

Condominium Law and Status Certificates

It is absolutely essential that the Purchaser of a condominium unit obtain from the Vendor a Status Certificate that is not more than 30 days old. The Purchaser's mortgage company will demand a status certificate as a condition of funding your mortgage for the purchase.

What is a Status Certificate?

It is a document from the Condominium Corporation dealing with the unit that you are buying. Your Lawyer Must review it. The status certificate will set out what the legal description of your property is including lockers and parking. What the amount of your monthly maintenance is, whether or not the condominium corporation is being sued and also whether or not there are special monetary assessments in addition to your monthly maintenance payment.

I have learned recently that many lawyers do not read the status certificates and indeed there are lawyers in front of the Law Society's discipline committee for failure to read status certificates and avoid problems that should have been caught before closing.

I stress I always read that status certificate.

You do not want to find out after you have moved in that have ot pay more money to the condominium corporation than you agreed to in your Agreement of Purchase and Sale.

Or that you own the wrong unit. Or that you do not have vehicle parking or a locker that you thought you had. I can help you avoid these problems. I read the Status Certificates.

Call me at 905 270 5110 Stan Gelman Lawyer 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?

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