Kelowna Real Estate Market News

In today's post, we look at the benefits of appointing a legal representative before the removal of subjects & why it's a good idea to have a 'Subject to Professional Advice' clause in your Contract of Purchase and Sale.

"Legal Advice from a Real Estate Lawyer is fundamentally different (and more than just 'filing documents')" says Kelowna Real Estate Lawyer Peter Borszcz, of Montgomery Miles & Stone Law Firm.

Appointing a Lawyer before you remove your subject clauses means that you receive -:

  1. Education on the nature of the land tenure (fee simple v. strata property v. native land v. cooperative interest) being offered for sale.
  2. An explanation of the client's title, review of charges, explanation of easements and other relevant legal notations;
  3. A review of the contract, and suggestions on omissions and inconsistencies in the contract document to the Realtor;
  4. A discussion of the future uses of the property, review of the alignment of the future uses with the legal limitations...
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