A basement apartment or other additional unit may be a major reason for purchasing a property. Its appearance, listing description, or current occupation does not establish that every required approval has been obtained. Ask what records exist and identify how rental income or intended occupation affects your decision.
Municipal zoning and building requirements should be considered separately from the contractual terms. The agreement may make particular representations or provide a condition for investigation. If anyone occupies the unit, obtain the relevant lease and discuss what the seller is promising about possession at closing.
Legal document review, municipal inquiries, and a building inspection each have different roles. An appropriate professional can assess physical condition and safety, while the records help address approval questions. Raise uncertainties before a condition expires rather than assuming a title search resolves every issue.
Send the agreement, available permit records, leases, and the description of your intended use. Tell us whether the property’s extra unit is essential to financing or your plans. We can discuss the legal terms and identify questions that need additional documents or professional advice.
Contact Maki Law for practical guidance on your property transaction or construction matter.
416-991-4775 · contact@maki.law
136A Avenue Rd, Toronto, Ontario M5R 2H6
136A Avenue Rd
Toronto, Ontario M5R 2H6
416-991-4775
Fax: 416-981-3420
contact@maki.law
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General information only. Contact our office for advice about your circumstances.