Title Insurance: typically pay to defend your title against a challenge by the rightful owner and may compensate you for your losses if you are unable to keep the property.

Land Titles Assurance Fund: compensation for financial losses due to fraud and errors within Ontario’s land registration system.

Conduct a thorough title search by lawyer

Review all documentation

Conduct due diligence to locate “Red Flag”

Obtain legal advice and guidance

Closing in escrow

If interest rate is currently low or expected to rise, fixed rate can protect you from future rate hikes.  But the penalty of advance payout  is usually much higher than variable.

If interest rate is consistently low or expected to fall, variable rate can provide cost savings and its penalty typically is modest for advance payout. But it could be overwhelming under continuous interest rate rising.

Rent Increase Control

Unambiguous Term and Renewal Clause

Permitted Use and Zoning Review

Maintenance, Repairs and Ceiling therein

Security Deposit and Guarantee Refund

Assignment and Subletting Conditions

Default and Termination Pre-notice

Alterations and Improvements Allowance Release