Downey Tornosky Lassaline Timpano Law in Orillia, Ontario

Real Estate FAQ: Do I have to buy and sell on the same day? You don't, and it might be better if you didn't! Many home buyers choose to buy and sell on the same day. This means you need to move out of your old home and into your new home in one day. Most deals don't close until after 3pm, and some don't close until 6pm, especially if you choose the most popular day to close: the last Friday of the month. This means you won't be able to start moving into your new house until quite late in the day.You can purchase your house a few days before your sale for a less stressful experience. You'll just need bridge financing from your bank - they will loan you the money you need to buy your new home for a few days, and then you pay them back the day you sell. There is interest on these loans but may clients consider it money well spent to be able to move on their own schedule. Buying or Selling this fall? We'd be happy to help! Reach out to info@greatlaw.ca to get started. ... See MoreSee Less

Come show us your putts! Find us at the 1st hole of the Timber Ridge Course sponsoring the Orillia Chambers of Commerce Annual Golf Tournament....right next to the Couchiching Craft Brewing Co. Tent where you can sample their delicious craft beers! ... See MoreSee Less

Receptionist - Orillia, ON - Indeed.com

WE’RE HIRING! 💼 We are seeking to hire a full-time Receptionist to join our team. Are you ready to start your career with DTLT? Apply to the attention of Ally Marshall via email at amarshall@greatlaw.ca or via Indeed: ... See MoreSee Less

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Downey Tornosky Lassaline & Timpano Law

We are celebrating opening my 100th file at DTLT today with a gigantic cookie. I joined DTLT in January as their new Real Estate Lawyer, and it's been wonderful serving the community I live in and love. What are you celebrating this weekend? ... See MoreSee Less

Are all beaches publically owned? Not all. Who owns the beach depends on what part of Ontario you live in and which beach. In Muskoka in the 1800s, the logging industry used our waterways to transport lumber. The Crown decided at that time to give itself a “Shore Road Allowance” along these waterways. Then, the loggers did not end up trespassing every time their logs went ashore during their journey. For some time, waterfront owners in Muskoka did not own to the edge of the water- the Crown owned a strip of land between the edge of the water and the waterfront owner’s property.But don’t go set up your beach chair yet. Since the 1990s, Municipalities have been authorized to sell their Shore Road Allowances to waterfront owners. The right answer is that the waterfront properties in Muskoka go right to the water’s edge if the owners bought the Shore Road Allowance from the Municipality. Shore Road Allowances were typically not reserved in Southern Ontario, so waterfront owners typically do own to the water’s edge there. There are some beaches on private lands that the Crown has successfully retrieved ownership of after long histories of public use by claiming the private land owners had effectively given up their rights to the land by acquiescence.If you’re interested in advice on your waterfront property, we’d be happy to assist. Get in touch at info@greatlaw.ca. ... See MoreSee Less

Should I buy property with friends? It seems like a great idea, especially if you can’t break into the market on your own. But owning a property with your friends can go very wrong if the parties don’t make a firm agreement (in writing) on how to manage it. For instance, what happens if one party wants to sell, and the other party wants to hold? Any owner who wants to sale but can’t get their co-owners to agree can apply under the Partition Act to force a sale of a property they own a partial interest in. This is even the case if doing so will cause a significant economic loss. The Courts will allow the sale unless there’s a private contract or agreement to the contrary, or evidence of malicious intent. This recently happened in Green et al. v Gardeazabal, 2023 ONSC 2683. Three friends bought an investment property in April 2022. They did not enter into a co-ownership agreement. One year later, two of the friends wanted to sell despite the $150,000 loss that would result. The third friend opposed the sale, arguing she had a reasonable expectation the parties would hold on to the property for 2 years. The Court allowed the sale, largely because there was nothing in writing documenting an agreement to hold the property for a specific amount of time. This loss could have been avoided if the parties had gotten a co-ownership agreement which set out their intentions and obligations to each other explicitly before buying property together. It would have been a lot less expensive than the partition application litigation that resulted in this decision.Thinking of buying a property with your friends? Our real estate lawyer, Erin Murray, would be pleased to assist in the transaction, and in drafting a co-ownership agreement that will protect your investment and help the parties avoid litigation. ... See MoreSee Less

Is home insurance a legal requirement? House insurance provides financial protection in case of a destructive events like fire, theft, or natural disaster destroyed your home and belongings. It also provides you financial protection if you are sued by someone who is accidentally injured on your property. If you get a mortgage on a home, the lender will require you to obtain home insurance prior to close. If you pay cash for your home, no one can force you to get home insurance, but it’s recommended to protect your investment and your assets. You can obtain home insurance directly through an insurance company. However, you can also work with an insurance broker, who can provide you expert advice on your coverage needs, and assist in identifying the right policy for your situation. In the market for a new home in Orillia or the surrounding area? Our knowledgeable real estate lawyer and law clerks are happy to help. Give us a call at 705-327-2600. ... See MoreSee Less