Simply put, it is an agreement with other landowners to do, or not do, certain things to your property. Such restrictions can include house colour, type of fencing, RV storage, commercial use, and the size and location of the house and garage. By the time you get to your lawyer to sign the closing documents, […]
Read More...There are at least 3 things you should think about. Consider that once you’ve done that, you can longer sell the home or borrow against the home without your daughter’s consent. This limits your independence. Further, there may be an unintended tax consequence if your daughter already owns a primary residence. Finally you may be […]
Read More...Dower rights give a non-owning spouse the right to live in the house following the owner’s death. Alberta law requires any landowner who is selling land in his or her own name to swear an affidavit setting out that: (a) he or she is not married; (b) an ex-spouse has released his or her dower […]
Read More...Yes. Your banker/lender will want to see a legally enforceable separation agreement so as to determine your financial obligations to your spouse or your spouse’s financial obligations to you. This may include child and spousal support payments. You will need to be patient as it may take some time for you and your spouse to […]
Read More...Taxes are levied for the calendar year and are due June 30 in St. Albert. If paid in one lump sum by the seller, you will pay the seller your share of the year’s taxes though the lawyer’s Statement of Adjustments. If the sellers paid the taxes in monthly payments to the City, you will […]
Read More...The answer is no. There is an expectation that the buyer will receive the same appliance as was in the home when the offer was made, unless otherwise specified in the real estate purchase contract. The contract also provides that the appliance will be in good working order on the day of closing. If problems […]
Read More...While the actual moving day will be hectic, from your lawyer’s of view, it can be done. However, if for some unanticipated reason, your sale closing is delayed and the money is received late at your lawyer’s office, the money will not be available to complete your purchase. Your taking possession of the new home […]
Read More...Legislation requires any landowner who is selling land in his or her own name to swear an affidavit setting out that: (a) he or she is not married; (b) an ex-spouse has released his or her dower rights; or (c) neither he or she, nor his or her spouse, ever lived in the property for […]
Read More...If you are a seller, the standard real estate contract states that these are documents that you must provide to the buyer, unless set out otherwise in the standard real estate contract. These confirm that the building location warranties given by the seller in the contract are true. If you are a buyer, you will […]
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