Overcoming Title Complications in the Toronto Market
The Client’s Challenge
During a routine title search for a Toronto residential purchase, our firm discovered an outstanding municipal work order that the seller had not disclosed. The buyer needed a real estate lawyer in Toronto who could negotiate a holdback of funds to ensure the issue was rectified post-closing.
Our Legal Approach Perera Law conducted a diligent review of the property’s history and drafted a specific escrow agreement to protect the buyer’s finances. As a dedicated real estate lawyer in Etobicoke, our office acted as a firm advocate, ensuring the builder/seller remained accountable for the repairs while allowing the closing to proceed on the scheduled date.
Successful Outcome The client took possession of the home on time, and the work order was cleared shortly after using the secured holdback funds. The client appreciated our “diligent review” and “quick turnaround” in handling the unexpected complication.
Based on Review by: Jeffry Jacob
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