Isenberg & Shuman Professional Corporation

02/24/2024

Reminder to all Toronto homeowners to file your vacant home tax declaration by Feb 29 even if your home is not vacant.

Toronto homeowners: Remember to declare your property's 2023 occupancy status, even if you live there.

Declarations can be submitted by owners or their authorized representatives. Declare by Feb 29, 2024 at https://www.toronto.ca/services-payments/property-taxes-utilities/vacant-home-tax/ 🏘️

12/31/2022

From our family to yours, we wish you a happy and healthy year ahead!! All the best in 2023!!

05/02/2022

Below is a link to our latest newsletter which discusses the risks of buying a condominium without the benefit of a status certificate review. Please feel free to share with your colleagues and clients.

Today’s hot real estate market has created many Buyers for few properties with the result being that multiple offers are often the norm.  To ensure that your offer will be accepted, a Buyer may submit an offer without the usual clause making the offer conditional on a lawyer’s review of the Co...

04/15/2022

Wishing everyone who celebrates a happy and meaningful Easter and Passover! May you all have a safe and wonderful long weekend!!

01/26/2022

Below is a link to our January 2022 firm newsletter which discusses a case where there was damage to the property prior to closing. Feel free to share with your clients and colleagues.

It is not unusual for a property to suffer damage, substantial or otherwise just prior to closing. In most situations, minor damage to a property just prior to closing would not provide the Buyer with the right to refuse to close the transaction. However, an interesting decision of the Superior Cour...

01/01/2022

As this year comes to a close, we we wish everyone a happy and healthy new year.

May you all embrace the year ahead with hope and positivity.

Happy 2022 and best wishes!! 🙏🥂🎉

Lorne and Bonnie Shuman
and the Isenberg & Shuman Team

11/23/2021

Below is a link to our November 2021 newsletter which discusses the role of a real estate lawyer in a purchase transaction and factors to consider when selecting a real estate lawyer.

Buying a home is a significant decision and financial commitment which one may only do a few times in one’s lifetime. Prospective homebuyers spend a great deal of time and research to learn as much about the property as possible. However, Buyers are often unaware of the process involved in the act...

10/29/2021

Below is a link to our newsletter for October 2021 which discusses the use of a Power of Attorney in a real estate transaction.
Thank you

If you are buying or selling a property and you will not be able to sign the closing documents, you may need to use a Power of Attorney to close your transaction. Before deciding to use the Power of Attorney, legal advice should be obtained so that your lawyer can advise you of the consequences

09/13/2021

Below is a link to our September 2021 newsletter which discusses fixtures and chattels and explains the difference. Please feel free to share with clients and colleagues.

Recently, I have seen what I call a number of post-closing disputes between Buyers and Sellers. These are situations where the deal has closed and the Buyer is upset because the Seller removed an item (like a mirror or window covering) which the Buyer believed was to be included with the purchase pr...

04/26/2021

Below is our monthly newsletter for April 2021 which discusses deposits. Feel free to share with your clients and colleagues

When you make an offer to purchase a house, you have to put down a deposit.  This newsletter will focus on some points to keep in mind about deposits and answer some common questions about deposits when you purchasing a property. When must be deposited paid? In Ontario, the standard Agreement of Pu...

03/24/2021

Below is our monthly newsletter for March 2021 which discusses surprises that buyers of pre-construction properties can be faced with.

My real estate practice involves acting for many buyers of pre-construction condominiums and houses.  Buying a pre-construction property offers many benefits. These include buying a property that is new, modern and never been lived in, a property with a warranty and most likely a property that may ...

02/26/2021

Attached is our monthly newsletter for February 2021 which discusses an interesting decision of the Court of Appeal.

An interesting case decided by the Ontario Court of Appeal decided that a Buyer of  a residential property was not entitled to rescind a transaction on the basis that they had not been provided with timely notice of water damage from a basement flood which took place prior to closing.  The facts a...