Knowledge

  • What is a Bareland Condominium?

    What is a Bareland Condominium? Bareland Condominiums are, typically, stand-alone structures such as detached homes, townhouses, and duplexes. When most people think of condominiums, they think of a unit in an apartment building. These more “traditional condominiums” are called conventional condominiums. In a conventional condominium, owners own everything within the walls, floors, and ceilings of […]

  • Mortgage Basics

    Mortgage Basics This article will provide a brief overview of the mortgage instrument itself, define certain common terms associated with mortgages, and provide a brief overview what may trigger the foreclosure process. Almost every person purchasing a house in Alberta will do so by obtaining a mortgage. However, not every current or prospective home owner […]

  • What Does An Executor Do?

    What Does An Executor Do? The Executor is the individual named in the will or appointed by court, whose role is to carry out the directions of the deceased person’s will. If there is no will, then the court-appointed Executor is responsible for administering the deceased person’s estate. The Executor’s role can be a complex […]

  • Residential Real Estate Terms Defined

    Residential Real Estate Terms Defined Residential real estate transactions in Alberta are most commonly governed by the various versions of the Alberta Real Estate Association’s template forms of agreement.  These templates continually evolve and their standard terms aim to highlight and address many of the key considerations sellers and buyers should consider when agreeing to […]

  • Differences Between Purchasing a New Condo or a Re-sale Condo

    Differences Between Purchasing a New Condo or a Re-sale Condo Purchasing a condo new will have differences in the complexity of purchase agreements, closing processes, and warranty programs when compared to purchasing a re-sale condo or newly constructed house. Differences from Purchasing a Re-Sale Condominium: Purchase Agreements: A New Condominium Construction Contract is typically lengthier […]

  • Plan your Estate with an Enduring Power of Attorney

    Plan your Estate with an Enduring Power of Attorney An Enduring Power of Attorney allows you to plan for the administration of your affairs in the event that you become permanently or temporarily mentally incapacitated. It differs from a Last Will and Testament, which only becomes effective upon your death, and is necessary to ensure […]

  • Personal Directive Vs. A Will

    Personal Directive Vs. A Will A Will determines how a person’s property will be divided upon death, and a personal directive grants authority to an individual to make decisions on another’s behalf regarding non-financial matters before death. Planning for the unexpected, such as death and mental incapacity, is one of the best investments you can […]

  • Why a Real Estate Lawyer is Essential in your New Home Build

    Why a Real Estate Lawyer is Essential in your New Home Build Involving a real estate lawyer in the construction and purchase of your new home will ensure the purchase agreement works in your favour without issue or delay, and your warranty properly protects your new asset. The purchase of a newly constructed home has […]

  • What does a Real Estate Lawyer do

    What does a Real Estate Lawyer do A real estate lawyer will assist with the preparation and understanding of the purchase or buy contract, ensuring you have all the necessary legal components required, while protecting your best interests. For the majority of individuals, the purchase or sale of a home is the largest financial transaction […]