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Old 06-28-2015, 07:41 PM   #7
Bonka
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You are looking at having the lawyer go over, easily a couple hundred pages worth of strata documents and I would doubt that would be included in their conveyancing pricing. I said it that way because lawyers will do anything you want, as long as it is within their scope and you pay them to do it.

The benefit of using a lawyer for RE transactions boils down to legal representation, simply that they can advise you if your deal has issues leading up to closing. Notaries can answer and give the same answers as lawyers pertaining to general questions to specific queries about your transaction but they are not lawyers who are familiar with cases and their handling. If you're using a notary and something goes sideways you'll need a real estate lawyer anyway. Again, it boils down to a case-by-case basis and your comfort level.

There is no "standard" addendum since each RE deal is different because each property is different. Addendums are blank and clauses are added as necessary. The ones pointed out are clauses you'd always put in a typical offer scenario but, for example, given the current market, say you wrote on a condo in a multiple offer situation, you'd likely need to waive most clauses to have a shot at coming out on top.

And to answer your last question, I'm in the biz...been in for a while...
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