REAL ESTATE LEGAL FEES
REAL ESTATE LEGAL FEES
For the most part real estate lawyers will charge a base flat fee for the real estate portion. Don’t be fooled by a lower price. Some real estate lawyers may charge a lower base price but charge more for other items.
REGISTERING A MORTGAGE
On top of the base price to complete the real estate transaction many real estate lawyers may charge an additional fee for preparing and registering your mortgage. This is a common practice. However, its important to find out in advance whether the base price will include the registration of a mortgage or not.
REAL ESTATE LAW DISBURSEMENTS
In a standard real estate transaction there are disbursements. Common disbursements include, ministry registration fees, land transfer tax, title insurance and title search. The cost of these disbursements is not within the real estate lawyers control.
However, disbursements such as, couriering, photocopying and administrative fees can be subject to the lawyers discretion. For example, some law firms may have a lower base price for the legal fees but charge a higher premium for photocopying.
Also, some law firms may charge administrative fees.
YOUR FINAL BILL
Your final bill should reflect what was originally proposed. Often customers are unable to decipher the final bill particularly given the various disbursements that have to be paid out.
REAL ESTATE LAWYER NEAR ME
I am a real estate lawyer in Burlington, Oakville, Milton and Hamilton.
My address is 901 Guelph Line, Burlington.
You can also call or text at 416-505-4901
anytime for a free consultation