Welcome to Lama Law, an Oakville-based law firm specializing in Residential Real Estate. Our professional Real Estate lawyer can help you Buy, Sell, or Refinance homes throughout the Greater Toronto Area.
Welcome to Lama Law, an Oakville-based law firm specializing in Residential Real Estate. We can help you Buy, Sell, or Refinance homes throughout the Greater Toronto Area. We are dedicated to providing each client with personalized and thorough legal services, ensuring your legal needs are addressed with the highest level of professionalism and care. Whether you are dealing with complicated real estate deals, estate planning and wills, or require notary services, Lama Law will be there to assist you at every stage.
Buying or selling a home can be stressful. At Lama Law, we understand our clients’ needs to be informed every step of the way and offer responsive service.
Yes. In Ontario, only a lawyer can complete the legal steps required to transfer property ownership.
Closing costs include legal fees, land transfer tax, title insurance, and disbursements. At Lama Law, we provide a fixed fee so you know your costs upfront.
Ontario law requires a licensed lawyer to access the land registry system to complete the legal transfer of property ownership. Your lawyer will review your closing documents, conduct title searches, manage funds and disbursements, review mortgage instructions, arrange title insurance, correspond with necessary parties and ensure exchange of documents on closing day.
The moment you have a firm Agreement of Purchase and Sale, you should reach out to your real estate lawyer. It takes time to process your file; the earlier the better.
There are a number of tasks that must be completed before closing day and they include ensuring all financing is in place with your mortgage broker or bank advisor, conducting final walk-throughs of the home, meeting with your lawyer to review and sign closing documents, whether in person or virtually, and confirming the transfer of utilities and insurance.
There are many steps to arranging mortgage funding on day of closing and to avoid delay, we recommend you meet with your mortgage broker or bank advisor immediately after the Agreement of Purchase and Sale has been finalized. Your lender contact will review your financial goals and creditworthiness and from there, will pre-approve you for your mortgage. Once your commitment letter has been signed, your lender will send mortgage instructions to your real estate lawyer to be reviewed and satisfied for the advance of funds on closing day.
It is recommended that mortgage instructions be sent no later than three business days before your closing day to ensure a seamless and timely closing.
*All prices are estimates for a standard transaction and exclude applicable taxes and disbursements. Terms & Conditions may apply.