Whenever you’re purchasing property in Canada it’s important to employ a real estate attorney to help you cover all the legal bases of property ownership. By buying your new home through a trustworthy agency, you’ll know that your legal issues are covered.

We’ve listed five property laws that you need to look out for. Wouldn’t you rather be safe than sorry?

Landlord Tenant Laws

If you’re planning on renting, every province has its own residential real estate law that protects you and your landlord. In Canada, these laws cover everything from monthly payments to repairs. This helps make the relationship between you and your landlord as beneficial as possible so that communication can be progressive and simple. Understanding these laws will assist you whenever there are rental disputes.

Disclosure Laws

Did you know that you can ask your rental agent if the house you’re looking at is considered haunted? Disclosure laws mean that agencies must tell you what state the property is in as well as any harmful substances that might be in the area. If these aspects aren’t in the listings, agents must answer truthfully when asked about them.

Essentially, sellers must disclose any defects with the house before you purchase it. This means that if you purchase the property, both you and the seller are in understanding of what you’re getting.

Zoning Laws

If you were planning on turning your small condo into a factory, zoning laws may prevent you from doing so. Each area is restricted by what you may do on that property and you can lose thousands of dollars by violating those laws.

Different areas are restricted based on whether they’re commercial, residential or industrial. It’s important to know what zone your property is in to prevent any unnecessary lawsuits. If you want to start a business in your living room, ensure that it’s allowed in your area.

Contract Laws

really long process so ensuring that the contract is valid is important. Contracts are binding so it’s useful to have an attorney to look over one before you sign it. This will ensure that your assets are protected and that the seller isn’t attempting anything that’s underhanded. At the end of the day, this is done to protect both you and your agency.

Insurance Laws

Finally, if you’re concerned that your property may be damaged, it’s useful to make sure it’s insured. But in order to claim payouts, it’s beneficial to understand laws regarding insurance claims. It’s recommended to hire a lawyer to ensure that insurance companies are paying out when they’re supposed to.

Insurance Laws

Finally, if you’re concerned that your property may be damaged, it’s useful to make sure it’s insured. But in order to claim payouts, it’s beneficial to understand laws regarding insurance claims. It’s recommended to hire a lawyer to ensure that insurance companies are paying out when they’re supposed to.

Conclusion

Buying a home is a tedious but rewarding venture. In order to make the process easier, it’s important to understand property laws and how these laws can impact you. Asking a legal advisor can make the process simpler.

 Canada is a beautiful place to settle down and buy a home. Why not check it out?