Residential or Commercial Purchase & Sale
Buying and selling a residential or commercial property is an exciting endeavor.
Real Estate transactions often represent the most significant deals that an individual will participate in throughout his or her life time.
Our goal is to work with our clients throughout the entire process to ensure that the transaction is completed properly and cost-effectively.
We communicate with our clients through every step of the process.
Our team of licensed real estate lawyers will meet with you to review all your legal documents and contracts pertaining to your purchase
Financial arrangements represent a large part of real estate transactions, and the lawyers at Shah Law Group are here to ensure that you get the Financing you need to secure your property.
A private mortgage is a type of mortgage loan where funds can be sourced from another person or business, rather than borrowing from a bank or other financial institution.
Shah Law group will guide you through the entire process to ensure you fully understand the complexities involved in securing this type of mortgage.
Power of Sale
In the province of Ontario, a power of sale is a procedure in which the mortgage lender gives written notice to the borrower, that the mortgaged property will be repossessed and sold if the mortgage is not brought up into good standing.
Normally a Power of Sale procedure takes place once the borrower has defaulted in their mortgage payments.
Lawyers at Shah Law Group PC have worked with both lenders and borrowers in power of Sale procedures.
In the foreclosure process, the lender is able to take the title to the property. This is different from a power of sale, whereby the lender only has the right to sell the property.
With a foreclosure the lender must sue the borrower by issuing a claim.
The lender must wait for the court to issue a judgement before proceeding.
Once the foreclosure process is complete, the lender takes the title to the property and the former owner is not entitled to any future profits from the sale of the property.
Purchase and Sale of a Business
Buying and selling a commercial business is a complicated endeavor.
The lawyers at Shah Law Group PC will work closely with you to ensure that your interests are protected. Whether you are a buyer or a seller of a business in Ontario.
Our law firm provides personal and responsive service, and will assist you throughout the entire process.
There are important considerations that must be accounted for when planning the purchase and sale of a business. Consulting a lawyer for assistance with structuring, negotiating, and carrying out the transaction is highly recommended.
Our lawyers work on behalf of the tenants and landlords to facilitate the successful drafting, structuring, negotiation and signing of commercial lease agreements.
Our services include:
Reviewing the offer to lease and lease agreement.
Explaining the lease agreement in its entirety to our clients.
Advising clients with respect to the tenants of the lease.