5 Tips for ‘First Time’ Condo Buyers By Real Estate Lawyers in Brampton

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1. 5 Tips for ‘First Time’ Condo Buyers By Real Estate Lawyers in Brampton Real estate lawyers in Brampton region are a busy lot. With so much activity in the property arena, Greater Toronto Area is witnessing a slew of activity in buying and selling of homes.

Canadian housing stats reveal a growth of minuscule 2% in the year 2014. However, Brampton region growth is higher at 6% to 10% in certain areas. This means there is a huge potential for both home owners as well as investors. Nearby Mississauga area has also seen condo prices shoot by as much as 11% in 2014.

How Buying a Condo is Different from Buying a Regular Home?

Rarely do people know that there is a huge difference in buying a condo as compared to buying a regular house in a suburb. A lot of different things go into consideration if you are planning to invest in a condo. Such investments involve large sums of money and hence it’s important to make sure that everything falls in its perfect place.

Brampton lawyers can go on and on while giving advice to prospective condo buyers. There is simply too much to cover. However, there are some tips that are common and vital as well. These are: 1. Condo’s Regulations – Every condo developer has its own share of regulations to help in the proper governance and maintenance of their condominium complexes. Thus, one must carefully go across these rules and understand them fully as this will help you to learn as what all these developers give allowance to and to what they simply don’t.

2. Fee Structure – Before shifting in a condo unit, it is always best to learn about its fee structure.

Know more about the payments that you need to make either monthly or on the basis of usage so that you can plan your budget accordingly. Getting due knowledge regarding maintenance costs and membership fees etc. will save you from surprises can greatly help. Brampton real estate lawyers can help you effectively close your real estate transaction.

3. Fellow Tenants – Like any other residential community, condo units too have fellow tenants. Try to mix with them so as to know more about them as well as the condominium. Tenants living next to you are the ones about whom you should know the most. Learning about their daily habits can help you in future to adjust in a better way in the new environment. Real estate law consultation further helps in the whole process.

4. Security Regulations – People generally prefer living in a condo unit due to the level of security that they provide. Still, it is always best to inquire more about the safety standards that the complex is complying to. Ask the condo officials about the rotations followed by security guards. Try to ensure that the condo’s entrance, playgrounds etc. are guarded 24/7.

5. Maintenance Coverage – Being a prospective buyer, you have all the right to ass the authorities about the maintenance coverage and the necessary procedures that are followed. Most developers work with third-party firms that provide services like maintenance of pools, car parks etc. Learn whether there are any special charges for them or not.

Purchasing the right condominium unit for yourself or your family can be a daunting task, however, if the efforts are made towards the right direction, this investment can turn out to be the best one of your life.

At Kalia Law, our professional real estate lawyers in Brampton has helped hundreds of Brampton residents in closing their transactions. Call now for more info on our services.

2. Brampton Lawyers Bring 4 ‘Must Know’ Points Related to Divorce Lawyers in Brampton region account for approximately 1% of the total divorce cases handled in Canada. This a fractionally small, but in Greater Toronto Area, this is shows a niche field rising.

This is the right place to seek guidance for various contentious family law issues.

What is the Procedure to Safely Handle a Divorce?

Everybody wants his/her courtship to be successful in life. However, often things go awry and the partners are left with no other option rather than divorce. It should be the last thing on a person’s mind, but if all the choices are exhausted and that’s the only one you are left with, then you

shouldn’t step back. AS per divorce lawyers in Brampton, these cases can quickly go out of hand and need professional legal guidance for fruitful results.

Signing-up for divorce may seem easy if both partners agree upon it; however, that’s not the case. A lot of other factors need to be taken care of so as to avoid serious repercussions later. Given below is a list of such factors that one must think about before heading for a divorce.

1. Talk to a Good Lawyer – If there is absolutely nothing that you can do so as to revive your sinking married life, talk to a good family lawyer in Brampton first. An experienced divorce lawyer can give loads of useful advice ultimately saving you from committing any blunder. Device a strategy to fight your case and try to learn about the methods of your lawyer as well.

2. Don’t Leave Your Marital Home – That’s the golden rule while heading for a divorce. In case you leave it, you will either pay more alimony or else you might jeopardize your ability to receive alimony. Moreover, the court might restrict your entry into your marital house unless the property is divided. Therefore stay in the house, but take all necessary precautions for your safety.

3. If Any, Discuss Your Extra- Marital Affair With Your Lawyer – In such a situation, being honest might not be fruitful. Hence, talk about your affair or any adultery that you’ve committed with your lawyer so that they know how to handle that piece of info. Hiding such a big thing can lead to grim consequences and can even make you pay thousands of dollars apart from the alimony.

4. Take Control of Your Belongings – This is a crucial step that must be taken before you even talking about divorce with your spouse. Guarding your assets and taking possession of important things that belong to you is important. These assets can include jewellery, cash, precious stones, furniture or vehicle that you brought in the house.

Getting a divorce doesn’t really sound good, but if nothing is working out and that’s the only light you see, then go for it strategically. A lot of people either end up paying more or losing more just because they didn’t think before acting while heading for a divorce.

We, at kalia Law comprise of dynamic Brampton lawyers who have ample experience in family law. Call us now to book an appointment with our divorce attorney in Brampton.

3. Brampton Lawyers Discuss Importance of Prenuptial Agreement With divorce rates hovering on the higher side, prominent Brampton lawyers suggest that prenuptial agreements save the day for couples in thorny relationships. Also, it is these agreements that allow wealthy people to lower alimony costs.

It is well said that “marriages are made in heaven and celebrated on earth.” Though, due to some misunderstandings, in this modern era, some people want to get divorce and end a thorny relationship. Some couples ignore each other just because of some misconceptions.

Prenuptial agreement plays a prominent role to save your relation and stables the attraction. It’s a just a contract between two persons before their marriage to maintain the balance, attraction and security for future.

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Ownership in Absence - If both the partners are working together or running same business then the agreement describes the ownership of that business. Like, who will work or who will take over one’s whole property if one of them dies or leaves the business?

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Insurance and Policy Safety- Nomination in the agreement gives the benefits of receiving amount of insurances, retirement funds and policies to the right hands. Nobody can challenge for that profits. It’s just like a financial help to love ones.

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Support Love Ones - May be you having grandparents or a previous child. In this situation, it becomes comfortable to take care of a person who is not living with you but you are responsible for his or her care.

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Liabilities and debts - In married life, if partners take any kind of loan or liabilities from banks or insurance companies. At that time, both the partners are equally responsible to pay those debts. Even, in life, if they follow separation. Everything would be divided according to the agreement. Wills and estate lawyers Brampton discuss the legality of such distributions.

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Priority to the assets - This agreement is useful to have the proper knowledge about joint and single ownership of assets and property without any emotional pressure. There will no interference of economic life in your romantic world.

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Better future and family planning- A future plan for the settlements of family is arranged before the marriage in prenuptial contract. It is the best way to have secure and happy life.

Planning is must to have a successful life.

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Attraction after divorce - At the time of divorce, this contract reduces unexpected altercations between couples and helps to save their money. Moreover it happens that, in future, sometimes couples decide to do re-marriage with each other after realizing their mistakes. They start to give respect to each other.

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Spousal support- Prenuptial is always a better idea in a situation of unfortunate situation in your life. As it is the way to take care of your children and your spouse from family disputes after your death. They will have full authority same as you had in past, not others.

Marriage contract or prenuptial agreement can be compared to another contracts and agreements that you sign in real life. So it should be signed carefully, if possible take an advice from a legal lawyer.

For more information and any help for prenuptial agreement, Kalia Law Firm are ready to support you in your hard times.