Offices in Ottawa and Perth
(613) 722-1500

CONTACT US (613) 722-1500

COVID-19 and Your Upcoming Real Estate Transaction

COVID-19 and Your Upcoming Real Estate Transaction

By:

Posted March 27, 2020

In light of the developing COVID-19 pandemic Mann Lawyers LLP remains open and available to assist our clients through this difficult time. We are committed to doing our part in promoting “social distancing’ to try and slow the spread of COVID-19 and we have implemented a number of measures in our office to protect our clients and staff. At this time we have closed our office to in-person client appointments but we would like to take this opportunity to let you know that we have implemented alternative measures to attempt to minimize the impact of this global pandemic on our clients.

Further to the announcement of the mandatory shutdown of all non-essential workplaces across Ontario, effective as of 11:59 PM on March 24, 2020 and further amended effective 11:59 PM on April 4, 2020 (the updated list of essential businesses can be viewed here), businesses providing land registration services and professional and social services that support the legal and justice system are considered essential services, as well as businesses providing banking/credit union services.

What Does this Mean for Your Upcoming Transaction?

We have been working closely with our various partners in the real estate industry to ensure we can continue to provide the best service for our clients.

Agreements of Purchase and Sale

We are working with realtors and clients to ensure clauses are now added to Agreements of Purchase and Sale which address possible delays in closing, such as third party delays (i.e. issues with mortgage advances by lending institutions), delay at the Land Registry  office (i.e. issues with registration of documents), or if a party becomes subject to a mandatory quarantine. We do recommend that any clause included in an Agreement to address circumstances surrounding COVID-19 should be drafted and reviewed by legal counsel to ensure enforceability and to ensure the clause addresses the specific scenarios adequately.

Signing of Transactional Documents

We have implemented the use of various technologies and methods, such as video conferencing and arrangements for remote execution of documents, in order to ensure that we are able to continue to meet your real estate needs, and so that your transactions proceed as planned. We  understand that not all clients may have access to these technologies, so we will work with clients on a file by file basis, to find a reasonable solution.

Transfer of Funds

Whether clients are purchasing or selling a property, we have implemented other options for receiving closing funds or paying net sale proceeds to clients, without the requirement to attend at our office.

Key Exchange

Where possible, we are requesting that realtors leave keys in the lock box at the property and then codes to the boxes are provided to the Buyer’s lawyer in escrow, pending closing of the transaction.

Our office is closely monitoring further developments of the COVID-19 pandemic in order to be in the best position to work with you to have your purchase, sale and/or mortgage transactions proceed and close as seamlessly as possible under the circumstances.

This blog post was written by Diana Tebby, a member of the Real Estate and Wills and Estates teams.  She can be reached at 613-369-0384 or at diana.tebby@mannlawyers.com.

More Resources

Blog |
Wills, Trusts and Estates, Business Law, Real Estate
By: 

Posted May 28, 2024

The recent announcement from the Federal Government regarding an increase in the capital gains inclusion rate for individuals, trusts, and corporations has sparked significant discussion.[...]
Blog |
Family Law
By: 
When couples part ways, the shared ownership of a matrimonial home often becomes a contentious issue. In Ontario, the law recognizes two forms of co-ownership:[...]
Blog |
Real Estate
By: 
If you are purchasing a home in Ontario, you likely know that you should retain a real estate lawyer to close the transaction for you.[...]
Blog |
Wills, Trusts and Estates
By: 

Posted May 14, 2024

This is often a question that arises when someone dies with debts and the estate trustees  are at a loss as to what to do[...]
Blog |
Business Law
By: 

Posted May 9, 2024

Every story has to start somewhere. When buying or selling a business, the journey usually begins with a well drafted letter of intent. A letter of[...]
Blog |
Wills, Trusts and Estates
By: 

Posted April 23, 2024

In this day and age, social media is at the forefront of everything – it’s where people obtain news, it’s where people spend numerous hours[...]
Diana Tebby

Diana Tebby

I advise on all facets of residential and commercial real estate, estate planning (wills and powers of attorney), trusts, and estate administration. I enjoy being hands-on with all my files and work to ensure my clients feel informed and engaged throughout each matter’s successful completion. Called to the Ontario bar in 2014, my current practice focuses on residential and commercial real estate, condominium law, refinancing and secured lending transactions, estate planning, including the preparation and review of wills, powers of attorney, the preparation of special purpose trusts, such as Henson trusts created for individuals receiving benefits under the Ontario Disability Support Program and estate administration. Originally from Barrie, Ontario, I received my undergraduate degree from McMaster University and my joint Canadian-American law degrees from the University of Windsor and the University of Detroit Mercy-School of Law. Prior to joining Mann Lawyers, I articled and practiced in Hamilton, Ontario. While attending... Read More

Read More About Diana Tebby

Subscribe to Our Newsletter

"*" indicates required fields

Name*
Consent*
This field is for validation purposes and should be left unchanged.