EXPERIENCED REAL ESTATE LAWYERS IN WEST EDMONTON
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Wouldn’t Let Me Give up
“Bill and I worked together for over 7 years on my case. I was rear ended by a drunk driver in 2006 and sustained permanent neck injuries. Bill fought for me, wouldn't let me give up and always put my medical needs first. Thanks to him I have the money for pay for my treatments for the rest of my life. Without him the insurance company would have won- Again.”
- JessicaM414
Buying or selling a property is one of the most notable transactions you will make. Whether the deal concerns a commercial property or a home, the legalities around the deal will be complex. That is where we, at William K Horwitz Prof Corp, come in. Our team has the experience and training to provide you with a hands-on and practical approach centred around your specific needs. When you choose us to handle your real estate law in Edmonton, you choose diligence. We keep up with the latest news about Alberta's market and regulations and are fully committed to your needs.
Our seasoned lawyers can assist both commercial and residential real estate clients. We will work with you tirelessly for the best possible outcome and ensure that you don't have to navigate any legal complexities by yourself. Contact us for legal support from our experienced real estate lawyer in West Edmonton and throughout Alberta.
WHY HIRE A REAL ESTATE LAWYER?
When you hire a real estate lawyer, you can expect countless benefits, such as:
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Negotiation: Real estate lawyers have the experience to negotiate terms that best match your interests. We will mediate on your behalf with any concerned party, whether it's the seller or the buyer.
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Complex contracts: While some are straightforward, others are more convoluted and call for more sophisticated agreements. A real estate lawyer can tackle any situation and draft contracts that guard your interests.
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Information: As a layperson, you might not have access to all the information you need to make an informed decision. Real estate lawyers stay abreast of all the latest trends and developments in regulations. With them by your side, you won't fall prey to misinformation.
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Legal advice: The primary job of a lawyer is to provide you with legal guidance every step of the way. They will help you avoid miscommunication and interpret all legalities.
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Compliance: Properties and any dealings involving them are governed by many laws. You can ensure adherence to these regulations by having a real estate lawyer guide you.
These are only some of the many benefits of hiring a real estate lawyer in West Edmonton. Real estate law matters can arise from various factors, including property inheritance, landlord-tenant obligations, foreclosures, evictions, and partitions. Not only will legal guidance be helpful when deals go sour, but a capable lawyer can also anticipate any potential problems and conflicts. Please contact us if you'd like to learn more.
RESIDENTIAL REAL ESTATE LAW
A realtor can only help you find the right buyer or property when buying and selling residential real estate. A real estate lawyer, however, can protect you from the many things that can go wrong with property sales. For instance, a real estate lawyer is helpful for people who face issues after inheriting property. These concerns usually involve family and can get ugly. We can help manage property rights and negotiate contracts that protect your interests rather than leave you in a legal predicament.
Besides guiding you through troubles, real estate lawyers can provide comprehensive solutions while handling residential real estate. Whether it is something as simple as drafting a watertight contract or as complex as negotiating during a contention, a lawyer can help. All in all, you must enlist the help of a real estate lawyer in Edmonton when dealing with residential real estate.
COMMERCIAL REAL ESTATE LAW
With complex issues such as mineral rights, land use, zoning, and environmental permits, hiring a lawyer who can carry out the due diligence required in commercial real estate law for your Edmonton project is advisable. A capable real estate lawyer can help you avoid problems by anticipating them and adequately preparing for outcomes. Familiarity with your property can enable a lawyer to respond quickly when issues present themselves.
COMMERCIAL VS. RESIDENTIAL REAL ESTATE LAW: KEY DIFFERENCES
While both sectors fall under real estate law, commercial and residential transactions have distinct legal requirements. At William K Horwitz Prof Corp, we advise clients in both areas, recognizing that each requires a tailored legal approach.
Transaction Complexity
Commercial real estate transactions are generally more complex and involve multi-party agreements, long-term leases, and zoning implications for business operations. Residential transactions typically involve fewer parties and are subject to consumer protection laws.
Due Diligence Requirements
Due diligence in commercial real estate may include environmental assessments, tenant lease reviews, building code compliance, and financial audits. Residential due diligence is usually limited to property condition, title, and financing.
Financing and Taxation
Commercial buyers often use corporate financing, subject to different lending criteria and tax considerations from residential mortgages. Legal advice is crucial for structuring financing agreements and understanding GST, capital cost allowances, or tax elections under the Income Tax Act.
Regulatory Framework
Residential property law is influenced by consumer-focused regulations, such as the Real Estate Act and Condominium Property Act. Commercial property law may involve federal and provincial legislation relating to business operations, environmental protection, and leasing.
Dispute Resolution
Disputes in residential real estate typically involve individual buyers and sellers and are handled through standard litigation or the Residential Tenancy Dispute Resolution Service (RTDRS). Depending on the contract terms, commercial disputes may require arbitration, mediation, or litigation in higher courts.
Call our real estate lawyers in West Edmonton today if you have questions regarding our legal services.
COMMON LEGAL CHALLENGES IN REAL ESTATE TRANSACTIONS
Real estate transactions involve numerous legal considerations, whether dealing with commercial or residential properties. At William K Horwitz Prof Corp, our team regularly supports clients with legal issues that can arise during these processes. Hiring a real estate lawyer in West Edmonton can be critical to preventing delays, financial loss, or disputes.
Some of the most common legal challenges include:
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Incomplete or inaccurate agreements: Poorly drafted contracts often fail to address key terms, contingencies, or disclosures, which can lead to future conflicts or litigation.
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Title and ownership disputes: A thorough title search is essential to identify encumbrances, liens, or prior ownership claims. Real estate lawyers assist in ensuring a clear title transfer.
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Zoning and land use issues: Buyers must ensure their intended use complies with municipal zoning bylaws. This is especially relevant in commercial real estate.
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Condominium disclosure obligations: Developers and sellers must comply with the disclosure requirements under the Condominium Property Act when purchasing residential condos.
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Financing conditions and delays: Misunderstandings regarding mortgage conditions or failure to secure financing can result in contract termination or loss of deposit.
Legal professionals help navigate these issues, conduct due diligence, and draft legally sound documents to mitigate risks. Contact us today. We also offer help for motor vehicle accident claims.
COMMON PITFALLS TO AVOID IN REAL ESTATE TRANSACTIONS
Avoiding legal missteps in real estate transactions is crucial for buyers, sellers, and investors. The following are a few frequent pitfalls encountered in today's real estate market:
Failing to Conduct Proper Due Diligence
Due diligence includes reviewing land titles, property surveys, zoning compliance, environmental reports, and financial conditions. Skipping these steps can result in purchasing a property with hidden liabilities or regulatory breaches.
Misunderstanding Contractual Terms
Many parties sign real estate contracts without fully understanding all legal clauses, timelines, or responsibilities. Our real estate lawyer in West Edmonton can ensure that all terms are clearly defined, legally enforceable, and in compliance with the real estate laws.
Overlooking Conditions Precedent
Contracts often include conditions such as financing approval, property inspections, or the sale of another property. Failure to properly document or meet these conditions may lead to breach of contract or financial penalties.
Inadequate Disclosure by Sellers
Sellers must disclose known material latent defects that render the property dangerous or unfit for habitation. Failure to disclose can result in post-sale legal action.
Ignoring GST Implications
Certain real estate transactions, especially commercial or new residential builds, may be subject to Goods and Services Tax (GST). Buyers and sellers should confirm tax responsibilities before closing. Legal counsel ensures compliance with CRA regulations and prevents tax-related disputes.
HOW WE CAN HELP YOU
With over 40 years of dedicated service, William K Horwitz Prof Corp has built a reputation as a law firm with strong values and high-quality service. We can help you with the following real estate law matters in Edmonton and surrounding areas:
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Residential real estate
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Leasing or renting a building or property
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Land disputes
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Transfer or succession plans for a family property
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Property transfer to an executor, beneficiary, or surviving spouse
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Commercial real estate
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Development or rezoning of land
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Legal issues between landlord and tenant
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Legal formalities of potential land investments
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Property refinancing
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If you have questions regarding our real estate law services in Edmonton and the surrounding areas, call us today.
FREQUENTLY ASKED QUESTIONS
The following are some questions our real estate lawyers in Edmonton address all the time:
Frequently asked questions
If you have questions regarding our real estate law services, call us today.
CONTACT US
You will always find us to provide you with the necessary legal support. Our team always picks up the phone when you're in need. We deeply understand your needs and the real estate law in Edmonton. Our lawyer will work hard to secure your property and rise above any challenges that might come up. We treat your needs like ours and go above and beyond to serve you.
Would you like us to assist you? Please contact us right away! We can also assist you in a wide variety of areas, such as civil law and slip-and-fall claims.
