Edmonton Real Estate Lawyers
Edmonton real estate lawyers are the men and women lawyers of Edmonton who handle the real estate transactions in and around Edmonton. Sometimes real estate "lawyers" are referred to as real estate "attorneys" although this is generally considered more of a USA term.
In most residential purchase situations the real estate lawyers get involved after the realtors are done with the parties and an offer to purchase a property has been concluded. The buyer and the seller each get their own lawyer and the transaction proceeds from there. In mortgage refinancing situations the mortgage lawyer often acts for both the borrower and the lender. This happens as well with second mortgages or lines of credit secured by mortgages. Special care needs to be taken in situations involving the Com Free Private real estate system where there is "no realtor".
The primary job of the buyer’s lawyer is to ensure that the buyer gets their name on the property. The primary job of the seller’s lawyer is to ensure that the seller gets their money. The bank, if there is one, will often use the buyer’s lawyer as well and the primary job on behalf of the bank is for the lawyer to ensure that the bank’s mortgage or other security documentation gets properly signed and registered against the property.
Edmonton real estate lawyers do much more than the “standard” purchase described above. They must have a deep and really varied knowledge of the law. They must be familiar with both federal and provincial laws. The Land Titles Act of Alberta is one of these laws and this legislation alone has more than 200 sections plus regulations and a procedures manual.
All lawyers in Alberta must be members of the Law Society of Alberta, which is the governing body for the lawyers in Alberta. Gary Ewasko has been a Law Society member in good standing since 1987.
Here are just a few of the areas that most Edmonton real estate lawyers have experience in.
Residential Real Estate
Edmonton real estate lawyers are involved in nearly every purchase, sale and refinancing of residential real estate in Edmonton. This includes both house and condominium sales. Even after a deal is done the lawyers often get involved in negotiating all kinds of things and holding deals together. Dower issues arise. Purchase money issues arise. Property tax matters need to be adjusted so each party only pays their share. Title, survey and boundary issues come up. The real estate lawyer must be familiar with all areas of residential real estate contract law including contract, specific performance, non-disclosure, fraud, misrepresentation and more. When mortgage financing is being obtained the purchasers lawyer will often act for the bank or lender as well. These mortgage lawyers are responsible for making sure the mortgage gets properly signed and registered.
Commercial Real Estate
Edmonton real estate lawyers are involved in nearly every purchase and sale of commercial real estate. This includes land and buildings. Commercial real estate law involves commercial purchases, commercial sales, real estate investment opportunities, construction, development issues including, land use planning, zoning issues, farm purchases, farm sales, leasing, landlord and tenant matters, financing, refinancing, mortgages, second mortgages, foreclosures more. Commercial real estate matters can be really complex.
Construction Real Estate
Behind every construction project in Edmonton there is a real estate lawyer. These lawyer's deal with owners, lenders, contractors, municipal officials, land titles offices, utility providers, builder’s liens, mortgages, mortgage advances, construction defects and claims, construction accident claims, progress payments, warranties and more. Construction real estate lawyer's negotiate mortgages, re-financing's, purchase and sale agreements, commercial leases (i.e. office, medical, dental, restaurant, industrial property, or shopping center leases) and more.
It is important, in considering who your Edmonton real estate lawyer is going to be, that you select one that is practical, experienced and knowledgeable of exactly how things work in Edmonton.
We are that counsel. We are your Edmonton Real Estate Lawyer.
