Frequently Asked Questions
Your Questions About Apartment Purchase Legal Services Answered
What legal documents are required for an
apartment purchase?
When purchasing an apartment in Toronto, you
need to review and sign the Agreement of
Purchase and Sale, title search documents,
condominium status certificate, and any
disclosure statements. RealNota ensures that
all necessary legal paperwork is prepared
and reviewed thoroughly.
How does RealNota ensure a smooth closing
process?
Our legal team coordinates with your
mortgage provider, real estate agent, and
the condominium corporation to confirm
compliance with deadlines, prepare closing
documents, and arrange funds transfer. We
guide you through each step for a clear and
organized closing.
What is a status certificate and why is it
important?
A status certificate provides critical
information about the condominium’s
financial health, by-laws, management, and
any outstanding common expense fees.
RealNota reviews this document to identify
potential liabilities and advise you on any
issues before finalizing the purchase.
Can RealNota help with pre-closing demands
or adjustments?
Yes. We handle adjustments for taxes,
utilities, and common expenses to ensure
fair allocation between the buyer and
seller. Our attention to detail helps avoid
unexpected costs at the time of closing.
How long does the legal review process take?
Typically, the legal review process for an
apartment purchase in Toronto takes 7–10
business days after the Agreement of
Purchase and Sale is signed. RealNota works
promptly to address any issues and keep your
transaction on schedule.
What fees should I expect for legal
services?
Legal fees vary based on the complexity of
the transaction and the scope of services
required. RealNota provides a clear fee
estimate upfront, including disbursements
and taxes, so you know all costs before
proceeding.
Is title insurance necessary?
Title insurance protects you against title
defects, liens, and fraud. While it’s not
mandatory, it offers peace of mind with
coverage for legal costs in case of
unexpected title issues. RealNota can help
you secure appropriate coverage.
How can I schedule a consultation with
RealNota?
You can schedule a consultation by calling
us at +1 416-451-6372 or by completing the
contact form on our website. We’ll discuss
your needs, review your documents, and
outline our services.
Do I need a real estate lawyer for closing?
It’s highly recommended. A dedicated real
estate lawyer like those at RealNota ensures
that all legal aspects are handled
correctly, protecting your interests and
facilitating a seamless transfer of
ownership.
Can RealNota assist out-of-province buyers?
Absolutely. We work with clients across
Canada, providing remote consultations,
electronic signing, and coordination with
local brokers and vendors to simplify your
Toronto apartment purchase from anywhere.
What sets RealNota apart from other firms?
RealNota combines local expertise with
personalized service. Based in Toronto, our
team focuses exclusively on real estate law
for condominiums and apartments, ensuring
detailed attention to every aspect of your
purchase.