I WANT TO BUY A HERITAGE HOME – Real Estate Lawyer
I WANT TO BUY A HERITAGE HOME
If you are looking to buy a heritage home ensure you consult with a real estate lawyer. According to the Ontario Heritage Act, if you are planning on purchasing a home that the government or local municipality has designated as having some cultural or historical significance you must be aware of your rights and responsibilities as the owner.
Ontario law says, that the new owner must provide notice to the municipality within 30 days. Of particular importance is that the owner will not be permitted to make alterations to the home unless, government approval has been provided.
The government with satisfactory committee approval may also be permitted to include any easements or covenants for the conservation of property of cultural heritage value or interest. Easements permit a right of passage to someone else to use someone else’s land. A covenant can impose conditions for the use of the land. The government may enforce the easement or covenant whether it is positive or negative against the owner and subsequent owners.
In addition, the home owner will be responsible for ensuring the proper upkeep of the home for preservation purposes. However, the property owner may be able to receive government assistance through a grant or loan for any costs for alterations.
A property owner for a heritage home should be apprised of their rights and responsibilities prior to the purchase. It can also be foreseeable that issues of contention could arise amongst the home owner and the government which would require adjudication.
If you are buying a home that may be a heritage property. Consult with a real estate lawyer immediately.
IS THERE A REAL ESTATE LAWYER NEAR ME?
If you are buying a home or selling contact our office to speak with a real estate lawyer in Burlington.
I provide legal services in Burlington, Milton, Hamilton and Oakville.
My address is 901 Guelph Line, Burlington.
You can also call or text at 416-505-4901 OR call Toll Free: 1 (800) 939-9211
anytime for a free consultation