What Happens When You Sell or Buy a Property
The purchase and sale of homes, condominium (strata developments), bare land strata lots, freehold land, business and development property or any other form of Real Estate can be affected by many issues, including contracts and agreements, licences, registration, tax matters, municipal zoning and so forth.
In British Columbia it is essential that the title to the land or property concerned be properly registered in the Land Title Registry, along with any charges against the property, such as mortgages, rights-of-way, easements, covenants and liens.
It is your lawyer’s job to guide you through the process in a timely manner and provide the legal facilities to successfully complete the transaction.
The purchaser’s lawyer has specific responsibilities they must perform. They may also be tasked with drawing up and registering the mortgage. All of this must be performed in a timely manner.
The seller’s lawyer has their own specific responsibilities they must perform for the seller.
Your lawyer should be selected and consulted at the outset to help you reach a successful conclusion.