Forms of Real Estate Ownership

Fee Simple Title (or ownership) to most real estate is held in what is called “fee simple” ownership. This includes most single family homes, town house and apartment condominiums, commercial properties and vacant lots or land. Strata Title Condominiums are a special type of “fee simple” ownership called “strata title”. This means you have “title”…

Purchasing Real Estate

An offer to purchase must be in writing and will be made in a contract of purchase and sale. If the seller accepts and signs your offer, it becomes a binding and enforceable contract by either party. In other words, if either party breaks any of their promises (breaches the contract), the other party may…