Azan Law is a boutique law firm that primarily practices in the area of real estate law. We offer a complete range of services relating to purchases and sales, private mortgages, mortgage refinancing and more. We understand the importance and urgency of all real estate transactions and work efficiently to provide clients with personalized service at an affordable cost. A number of clients use the home buying or selling experience to have their estates planned. As a result, we also offer assistance with wills, powers of attorney and representation agreements.
Other services offered include:
Please browse our website to learn more about us. If you would like to discuss a specific legal matter or have a question about our services, feel free to contact us at any time.
Greater Toronto Area & Surrounding Areas
George Azan graduated from The University at Buffalo Law School in Buffalo, New York , obtained his JD, then re-located to Oakville, Ontario where he has been practicing ever since. Since becoming accredited in Canada, Mr. Azan has practiced primarily in the field of Real Estate Law. During his free time, he enjoys reading, playing tennis and basketball, and spending time with his family.
We pride ourselves in trying to cater to the needs of our clients. As such, the mobile feature of our practice is completely geared towards offering the most convenient service to our clients should they require it. We work hard to provide you consistent and exceptional quality legal services on your time.
We are one of the only law firms in the GTA that offer a mobile feature and we do it because YOU are the most important part of any deal or service. Let us serve you the way you deserve to be served!
George Azan was a pleasure to work with. He is very smart and patiently walked my husband and me through each step of our home buying process. We will be using him again for our wills and any future homes that we buy. I recommend him highly
George was very accommodating and patient with my questions, and the completion of my real estate transaction went smoothly. I have small children, and he drove to my home to sign documents, which made the process a lot easier for my husband and me. It was a pleasure to work with him.
George worked quickly and efficiently to close the sale of my home, and went above and beyond to help me save money during the transaction. I am very grateful to him for making it stress free for me. I would, and will, recommend Azan Law to all of my friends.
A list of key questions a seller or buyer would have about completing a purchase or sale.
Real estate lawyers oversee the process of buying or selling property, or refinancing, to ensure the interests and rights of clients are preserved. Real estate closings are often complicated legal processes involving the execution of many legal documents which have significant financial implications. You want to protect your investment. Legal searches are necessary to protect yourself from any unwelcome surprises down the road.
A purchaser’s lawyer goes over the agreement of purchase and sale to make sure the buyer is protected. The lawyer checks title, or chain of ownership of the property, for any problems or liabilities such as liens. All mortgage loan documents and legal papers are verified for the purchaser.
A seller’s lawyer will check the agreement of purchase and sale to protect the seller and address any title issues that arise, arrange for final payoffs for existing loans and prepare the necessary documents to transfer ownership of the property.
The guidance of a competent lawyer can make sure your real estate transaction goes smoothly.
Title insurance is an insurance policy that protects property owners and their lenders against losses related to the property’s title or ownership. A lawyer can only provide an opinion to the extent that a survey is correct, that the government search records are accurate and up to date, and there has been no fraud relating to the public records. Title Insurance protects the Purchaser’s interest in title against these types of risk.
Land Transfer tax is calculated as a percentage of the purchase price. At present the tax is .5% on the first $55,000.00, 1% from $55,000.00 to $250,000.00, 1.5% from $250,000.00 to $400,000.00 and 2% above $400,000.00 ie tax on $200,000.00 is $1,725.00. Land Transfer Tax for properties in the City of Toronto is doubled.
First time buyers of new houses are entitled to a maximum Land Transfer Tax refund of up to $4,000.00. This means that eligible homebuyers in Ontario would pay no Land Transfer Tax (LTT) on the first $368,000 of their home’s purchase price.
With the federal government's Home Buyers' Plan, you can use up to $25,000 of your RRSP savings ($50,000 for a couple) to help finance your down payment on a home. To qualify, the RRSP funds you're using must be on deposit for at least 90 days. You must also provide a signed agreement to buy or build a qualifying home. The best part is the withdrawal is not taxable as long as you repay it within a 15-year period.
When you purchase a property (that is not a condominium), home insurance is required. You will have to provide your real estate lawyer with a copy of your home fire insurance binder. In fact, your mortgage lender will not advance the mortgage funds without proof of fire insurance.
If you purchased a condominium, you may want to arrange for content insurance.
You will be considered a non-resident if you have been living in Canada for less than a total of 183 days in the year or if one has no residence in Canada and customarily lives outside of Canada.
A person who is not a Canadian Citizen will be considered a non-resident of Canada, if he/she normally lives outside of Canada or if he/she lives outside of Canada for more than 183 days in a year. A person who is not a Canadian citizen and is not a landed immigrant, for tax purposes, be considered as a resident if he/she lives in Canada for more than 183 days a year.
If you are a non-resident of Canada, or will be a non-resident of Canada at the time of closing, it is important that you contact our office as soon as possible.
You will have to apply for a non-residency clearance certificate (through an accountant), and will usually result in 25% of the gross sale price to be held (usually by the seller's lawyer in trust) until the government non-residency clearance certificate has been obtained by the accountant who has filed the appropriate application. This process can take between 60-90 days to process and must be submitted within 10 days of closing to avoid penalties.
6-2578 Bristol Circle, Oakville, ON L6H 6Z7