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Last Updated: Nov 13, 2024
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Real estate law is the name given to the branch of civil law that covers rights to possess, use, and enjoy land and the permanent manmade additions attached to it.
This includes the capacity to hold interests in real
property, permissible interests in real property, relations between owners, relations between owners and the community, landlord and tenant relations, the transfer of interests in real property, and real property financing,
including deeds and mortgages.
Real estate transactions, such as purchases, sales,
and leases, are governed by a wide body of federal and
provincial law, and the requirements established by provincial law often differ from province to province.
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Make sure all inspections have been satisfactorily performed, all work completed, and clearances for completed work provided.
Do this prior to signing any loan documents.
Do a walkthrough of the property prior to signing loan documents. Make sure all agreed-on work has been completed to your satisfaction.
Contact the phone, water, garbage, gas and electric companies and establish service in your name.
You should do this at least 14 days prior to close of escrow.
Sign all documents.
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