Assiniboia Law Group - Real Estate

Real Estate

At Assiniboia Law Group, we understand that real estate transactions, whether residential, commercial, or agricultural, are significant events in a person’s life. Our dedicated team of experienced legal professionals are here to guide you through every step of the process.

We handle a wide range of services, including property sales and purchases, lease agreements, and mortgages or refinancing. Our goal is to provide you with peace of mind, knowing that your real estate transactions are handled with utmost care and professionalism.

Whether you’re buying your first home, investing in commercial property, or refinancing a property to achieve another goal, we’re here to provide comprehensive legal support. Contact us today to schedule a consultation and learn how we can assist you in navigating the complexities of real estate law.

Real Estate Law is a broad field that encompasses many different aspects. Here are some key components that go into Real Estate Law:

Offer to Purchase: Legal document that outlines key elements like purchase price, financing terms, and all the other details of the transaction.

Transfer of Land: Every purchase and sale will transfer legal ownership of real estate with a document called a Transfer of Land. This document will outline the buyers and sellers, the relationship of the owners if more than one, the legal description of the property, if anyone else holds an interest in the land, and how much was paid for the land. In order to file the Transfer, land transfer tax must be paid unless there is a valid exemption.

Mortgage: If you borrow money to buy real estate, the lender will want to place a mortgage against your property. This tells the world that they hold a financial interest in the property that gives them special legal rights in case of non-payment or if other creditors claim an interest in the property later.

Status of Titles: These documents establish ownership of property. It is a public document, meaning anyone can do a search and get a copy of a Status of Title.

Title Insurance: Title insurance is an insurance policy that protects a property buyer’s interests, as well as their lender. Title insurance can only be obtained through a lawyer.

Transmissions: Sometimes real estate changes owners without a purchase and sale. These are called Transmissions and can occur when property is inherited, or when someone become a sole owner after the death of a joint owner.

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