Real Estate
Make sure clients aren’t caught off guard by the Rental Fairness Act
On April 27, 2017 the Province of Ontario amended the Residential Tenancies Act, 2006 (RTA) with the introduction of the Rental Fairness Act. Some of the changes to the RTA are already fully in force, others will come into play in 2018. The amendments to the RTA affect every residential tenancy in Ontario to different… Read More »
Categories: 2018 February Top Legal Disruptions, Areas of Law, Articles, Content Type, Could This Happen to You?, Failure to Know The Law, LAWPRO Magazine, LAWPRO Magazine Article Type, Malpractice Errors, Real Estate, TopicsNRST and Land Transfer Tax Affidavit Updates Effective December 16, 2017
The Ministry of Finance has just announced changes to the statements and payments process for NRST and LTT. These changes are effective December 16, 2017. As of December 16, 2017, Teraview (desktop and web versions) will provide new statements to replace the obligation to account for NRST in statement 9151. The new statements will only… Read More »
Categories: Alerts, Real EstateFOLA endorses standardized residential real estate closing documents
Recently, the Working Group on Lawyers and Real Estate undertook the review of five residential real estate closing documents designed to be used in conjunction with the Agreement of Purchase and Sale (APS) approved by the Ontario Real Estate Association (OREA). These documents, which have been successfully used in several Ontario municipalities, have been amended… Read More »
Categories: Areas of Law, Real EstateResidential Tenancies Act amendments a potential source of claims
LAWPRO is monitoring the impact of changes to the Residential Tenancies Act, 2006 introduced in April. Lawyers who represent landlords and the purchasers of rental properties will have significant responsibility for communicating the changes to their clients and for supporting compliance. The article below, prepared for us by Joe Hoffer of Cohen Highley LLP, provides… Read More »
Categories: Areas of Law, Real EstateDo you know when Teraview on the Web is coming to your region?
Teraview® will be online as early as January 8, 2018, however, the rollout varies based on region. Click here to view the go-live date for your region and the corresponding date when Teraview 9.0 will be discontinued. Once the online version goes live, the previous version will be expired within six weeks and real estate… Read More »
Categories: Real EstateCan’t review your lender client’s draft title policy?
The Residential Real Estate Practice Guidelines published by the Law Society state that a lawyer should, before accepting a title insurance policy on behalf of a client, review the draft policy or binder/commitment to identify any inaccuracies or omissions, and to ensure that the promised coverage is as expected and meets the client’s needs. But… Read More »
Categories: Areas of Law, Real Estate, Title insuranceReflections on technology changes in real estate practice
Facilitating transfers of real estate has been the bread-and-butter of thousands of Ontario lawyers for generations. Despite occasional market wobbles, real estate business has helped firms to flourish in communities of all sizes, often supporting the delivery of family, estates, commercial and even criminal law services. Healthy real estate practices support both lawyers’ own families… Read More »
Categories: 2017 August Managing Change, Areas of Law, Articles, Clerical / Delegation, Communications Errors, Cyber dangers, Features, Inadequate Investigation, LAWPRO Magazine Article Type, Legal Technology, Real Estate, Time Management, TopicsCommercial title insurance: What you need to know
A discussion regarding title insurance (or any insurance for that matter) requires the understanding that it is insurance. It does not fix problems, it underwrites risks. As lawyers, it is incumbent upon us to be able to convey this clearly to our clients, whether lenders or more likely borrowers/purchasers. In the days of yore, the… Read More »
Categories: 2017 August Managing Change, Areas of Law, Articles, Content Type, Insurance Business, Real Estate, Title insurance“I will be out of the office…forever” and I don’t want to deal with claims
Are you thinking of changing careers or law firms, selling the practice, or retiring? As other articles in this issue have highlighted, even after you retire, malpractice claims can engage your LawPRO E&O run-off coverage. Real estate lawyers should consider TitlePLUS title insurance since claims covered under the Legal Service Coverage¹ in a TitlePLUS policy… Read More »
Categories: 2017 August Managing Change, Articles, Real Estate, Title insurance, TitlePLUSLAWPRO Webzine
Our email newsletters include content focused on a specific area of law or topic. LAWPRO Webzine 2023 Improve your practice with LAWPRO resources (Feb 2024) LAWPRO Webzine 2023 Increase your EQ and strengthen your mental health with LAWPRO’s wellness resources (October 2023) Free, convenient, and online: More upcoming CPD programs from LAWPRO and the TLA… Read More »
Categories: Articles, Real Estate