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Legal Tips
Once it is determined that the vendor’s title is good and all closing documents are in order, the purchaser’s Attorney-at-Law, prepares the title document transferring the property to the purchaser or to such person the purchaser directs.  In addition, the purchaser must ensure that on the completion date, he/she is ready with the balance of...
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In a transaction for the sale of property, the purchaser’s Attorney-at-Law must conduct what is an investigation of the vendor’s ownership or title to the property.  For e.g. if the property is owned by way of deed, it involves a search for all deeds and other transactions that may impact the vendor’s ownership of the...
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There must be a valid, written agreement between a vendor and purchaser for the sale of property. The standard sale agreement dictates a deposit – a portion of the sale price of the property which the purchaser is required to pay to the vendor at the time the agreement is signed.  If you intend to...
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deed-signing
After you’ve inspected the property and you determine that you are interested in purchasing it, ask the vendor for a copy of his/her title document.  This is the document for e.g. a deed that indicates whether this person can legally sell the property to you.  In some cases, the vendor may appoint an agent to...
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One of the biggest decisions you can make in life (probably runs a close second to choosing a life partner) is purchasing property.  It is usually the biggest investment a person can make.  It is not for the faint of heart (or pocket) and should never be rushed into.  Every vendor would be in a...
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Usually when the word ‘adverse’ is used, the circumstance or context is bad.  Adverse weather – bad weather.  Adverse reaction – bad reaction.  But if there was ever a time that the word ‘adverse’ has brought a smile to someone’s face is when they are told that they have acquired rights to property by virtue […]
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No one person can have more than one Will and even if they do, the only valid Will is the most recent or latest.  Once that latest Will is properly made, then any previous Will is automatically revoked or made invalid.  For e.g. if you made a Will yesterday and on second thought decided that […]
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If you are planning to get married and you have a Will which you made before this event, contact your Attorney-at-Law.  Though you’re not obligated to invite your Attorney to the nuptials, you may need to see him/her soon after you’re hitched and give instructions for the preparation of a new Will.  Why?  If your...
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Well….not really everyone a Will but once you are 21 years or older, own assets for e.g. money, house, land, paintings, jewelry etc and in your right mind, you can make a Will. You can be single, married, with or without children, it is important to make a Will indicating who you wish to have […]
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So what happens if I die without making a Will? Making a Will means you determine who is responsible for distributing your assets, who gets what after you’re gone and how much or what share each person gets. In other words, even after you’re gone, you have the control via your Will as to how...
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