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Most of the time, there will be a base fee that depends on the type of home (detached, condo, etc.) and then you’ll pay for disbursements (faxing, photocopying, etc.) and registration fees. The cost will also depend on whether you’re buying, selling or refinancing. Expect to pay around $1,500 in legal fees and disbursements when all is said ...
- Jamie David
Aug 11, 2024 · Hourly Rate Example: A lawyer might charge an hourly legal rate of $350 for a complex commercial property transaction. If the transaction requires 10 hours of work, the total fee would be $3,500, excluding disbursements. Retainer Example: A lawyer may require a $5,250 retainer for an anticipated 15-hour project.
Aug 11, 2024 · Lawyers typically charge a legal fee between $800 and $1,500 for a residential sale transaction in Ontario. This fee generally includes services such as title searches, document preparation, and transaction closing. However, additional costs include disbursements, title insurance, and land transfer taxes.
May 22, 2024 · Fees or a fixed charge for specified services might range from $150 to $500 per hour. Q: What does a real estate attorney do? A real estate attorney handles legal aspects of real estate transactions, such as creating and evaluating contracts, conducting title searches, and representing clients during negotiations and closings.
- Legal fees and disbursements. These fees are charged by a lawyer or notary, and can cost up to $1,200 depending on the complexity of the deal. Your lawyer or notary will arrange all transfers, payments and other factors of the funds for the real estate transaction.
- Property or land transfer tax. This is applied on all purchases of homes. These taxes are calculated at different rates depending on the province and city in which the sale takes place.
- Property taxes. This should come out of your legal fees, and your notary will take care of this. You will owe or receive a prorated amount for the remainder of the year’s property taxes.
- Utility payments/hook-up fees. You will have to pay to have your utilities connected to your new property.
Average Real Estate Lawyer Fees in Ontario for house closing are between $450 to $1,500, depending on the transactions’ complexity. In addition, some real estate lawyers charge an hourly rate between $270 to $450 + HST per hour plus Law Office disbursements. Our transparent and flat legal fee structure helps clients budget their closing costs ...
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Land transfer tax; Government registration fees; Title insurance. Contact us at TEL: 416-901-9344 or send a message to arrange a consultation about your legal needs, including real estate lawyer fees. Communication is very important to us and absolutely FREE for you.
