Joey's Blog

Maintenance fees are an assessment of operating costs of common elements of a condominium or home-owner's association that are divvied up accordingly.  Joey Khan, GREATER TORONTA AREA (GTA) REALTOR®  Specializing in Residential and Investment Real Estate Re/Max Realty Specialists Inc., Brokerage ...

The greatest amount of rent that may be charged as established in a rent regulation and controlled by legislation or governances on rental increases.   Joey Khan, GREATER TORONTA AREA (GTA) REALTOR®  Specializing in Residential and Investment Real Estate Re/Max Realty Specialists Inc., Brokerage...

The Greater Toronto Area real estate market is one of the most strong and competitive in Canada. Average property appreciation is at over 5% per year  in the last 6 years, cap rates depending on the property, that are considered a good acquisition begin at 6.5%.   Joey Khan, GREATER TORONTA AREA...

The right to pass over another person(s) land. The right of way is according to the nature of the easement.   Joey Khan, GREATER TORONTA AREA (GTA) REALTOR®  Specializing in Residential and Investment Real Estate Re/Max Realty Specialists Inc., Brokerage Office: (905)-858-3434 ext. 1186 Direct: (...

Legal rights because of ownership of real property. Rights such as the right to use it, to sell it, to mortgage it, to lease it, to give it away for free, or the right to refuse to exercise any of these rights.  Joey Khan, GREATER TORONTA AREA (GTA) REALTOR®  Specializing in Residential and Inves...

Yes. Most lenders especially large banks offer a commitment for up to 6 months for a specified interest rate. If the interest rate falls you get the better, if it doesn't you have your committed rate.  Joey Khan, GREATER TORONTA AREA (GTA) REALTOR®  Specializing in Residential and Investment Real...

Power of Attorney is a legal document that grants one person to act on another's behalf. There can be two kinds of power of attorney, one is complete power of attorney and the other is limited power of attorney. The latter is more common and is limited to term and/or a certain time period.  Joey ...

Market Value is the highest price a ready and willing buyer is willing to pay in a fair and open negotiation. Joey Khan, GREATER TORONTA AREA (GTA) REALTOR®  Specializing in Residential and Investment Real Estate Re/Max Realty Specialists Inc., Brokerage Office: (905)-858-3434 ext. 1186 Direct: (...

An examination of municipal records to determine the legal ownership of property. The date is stipulated on the Agreement to Purchase and Sale and is before the closing date. Joey Khan, GREATER TORONTA AREA (GTA) REALTOR®  Specializing in Residential and Investment Real Estate Re/Max Realty Speci...

 It is a promise that a lender makes on specific terms and condition to a borrower and if the conditions are met the lender will follow through on Joey Khan, GREATER TORONTA AREA (GTA) REALTOR®  Specializing in Residential and Investment Real Estate Re/Max Realty Specialists Inc., Brokerage Offic...