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Jag Patel
Broker
HomeLife/ Miracle Realty LTD, Brokerage
Independently owned and operated.
buyanyestate@gmail.com

Sachi Patel

Broker
HomeLife/ Miracle Realty LTD, Brokerage
Independently owned and operated.
Feature Listings
Presale Condos
Y&S Verde 2010 Bathurst Nova Urban Towns 300 Danforth U.C. Tower 31 Gladstone 57 Brock 430 ESSA Rush M City III Line 5 Stockyards Origin Lofts Lakeside Scout East Junction 2475 Eglinton 250 University Ave 543 Richmond 5400 Yonge Kings Landing The Poet King Toronto East 3220 Encore Theatre CG Tower 139 Church The Winslow 55 Charles The Stockton 540 King West 293 The Kingsway Park Terraces WaterWorks The Insignia Saturday Junction House The Well Evermore 831 Glencairn 2500 Yonge Wynford Gardens Artworks Tower Erin Square Vendôme The Keeley M The Garden District M2M Ellie Phoenix Aqualuna Universal City Prime 50 Scollard DTK The Cardiff Central 9th and Main ONE28 Pavilia UOVO Artists Alley II Maverick Auberge On The Park II Playground Sage X Theory Sugar Wharf Lumina Highlight Elgin East ERA at Yonge IN.DE Express 357 King West Saisons II The Prestige Riverside Square 5 D'or Markham Square 2 Guildwood 4800 Yonge Lakevu Bower Nord West Lakeside Residences Social The Kip District II The Diamond on Yonge M City II One Yonge East 55 Southport Square Nautique Lakefront Amber Valhalla Town Square Kingly Auberge On The Park Kingsway By The River 2 Harris Square Mississauga Square Saisons E2 33 Yorkville The Charles at Church Water Edge Avia Symphony Edge Towers Peter and Adelaide One Forest Hill Eight Forty Perla Towers ZEN King West Bauhaus Oak and Co Museum FLTS Cypress The Roncy Wesley Tower Television City B-Line 609 Avenue Road Indigo 2 Scoop West DuEast The Point Platform Queensway Park Trinity Ravine Towers 7 On The Park SF3 Avenue 151 Yorkville Plaza Midtown Avro Bianca Nobu Residences Artists Alley SuperSonic Canada House Panda Fleur Vita Two Transit City Westwood Gardens Nola Affinity Paradigm East Mirabella Bloor Promenade Islington Terrace The Bluffs YongeParc Wish The Plant Lake & East M City I Lighthouse East Vita on the Lake Time and Space Seasons II Liberty Central II Nord East Sage Prestige The Icona Ivy Via Bloor Mills Square The One Canvas 159 SW St Lawrence Aquabella 8 Cumberland Home Selene EV Royale MAX 75 On The Esplanade Seasons Vivo The Wyatt Joy SweetLife The West AXIS Grande Mirage AYC Park Avenue Place 2 Charisma Halo Residences on Yonge URL Bloorvista at Islington Terrace SIX25BV Rodeo Drive Empire Midtown The Kennedys The Park Club The Vanguard YSL Residences York 875 Queen East Parfait At Atria Sail 88 North Eighty One Wellesley The Rocket Cocoon Cosmos The Bennett on Bayview The Mercer Fortune at Fort York Arc 330 Richmond Whitehaus Bside Minto Westside The Lanes The Met 158 Front SQ2 Heartwood the Beach Fifth on the Park Sonic The Step 150 Redpath Pier 27 Tower Picnic The High Park River City 3 Danforth Square The Bean The Clover on Yonge Connect Grid Stanley East United On The Danforth 609 Sherbourne St The Jack The Clairington LNX Daniels Waterfront The Bartholomew Tea Garden The Ravine Beacon Park Avenue Place Avani 2 at Metrogate Art Shoppe The Rosedale on Bloor Citylights on Broadway Blue Diamond Aquavista at Bayside Lotus Zigg Teahouse 5959 Yonge Minto Yorkville Park The Selby Riverside Square University Suites The Eglinton The Yorkdale VOX The Academy Alter The Code The Cumberland The Taylor Totem Dundas Square Gardens YC Core Smart House Downtown Erin Mills HOT Gordon Woods Pinnacle Grand Park II PSV 2 at Parkside Village 1 Yorkville SQ at Alexandra Park On the Go Mimico Garrison Point Sage 6 Solstice Eau Du Soleil 2 The Dragon 181 Davenport 1 York Aqualina at Bayside 2221 Yonge 155 Redpath 383 Sorauren The Epicurean HighPark Casa 3 Axiom Eleven Superior The Station The Mark Yonge + Rich The College Quartz TRIO at Atria Beach Hill Residences Sage II Harbour Plaza Sixty Colborne Canary District Pearl 2 Ruby Life Fabrik Grand Palace Minto 30 ROE Ten York 88 Scott The Hill Indigo Bay 7777 Weston Road 1331 Yonge Street The Perry Condos The Remington Centre 30 Ordance Street Nero Key West 1Thousand Bay Rise 365 Church Karma Mirage The Brant Park Picasso Alto at Atria OpArt Lofts Flaire Jade Waterfront Cloud 9 133 Hazelton Spectra The Carlaw King Plus Condos The Beverley Hills Monde The Bond Rain 2 Ion Pears Avani at Metrogate Post House IVORY River City 2 The Yorkville Yorkville Plaza U Condo II U Condo I Tableau Studio II Studio I Rain 1 Pace One Bloor Neon Condo MYC Liberty Central King Charlotte Imperial Plaza ICE II ICE I Garrison Fuse Five Madison II Madison I Exhibit Cosmopolitan Bisha Backstage 3018 Yonge EXPO City 501 Yonge Abacus Lofts CASA 2 ALTO 109 OZ E FLO Crystal at Pinnacle Uptown 129 St Clair 159 Wellesley Street 101 Erskine 50 at Wellesley Station Wellesley On The Park Minto Westside Soul 87 Peter Forward Bristol
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Types Of Home Ownership

Why Buy A Home

Just like there are many different types of homes, there are also many different types of ownership of a residential property distributed across a wide spectrum from the conventional, full Freehold, to a variety of collaborative and long lease options.

Freehold

This type of ownership which is also often referred to as fee simple, is the conventional definition of full ownership. Subject only to any Crown rights and municipal by-laws, the owner of the freehold or fee simple interest has purchased complete control over the land and the buildings on it.

Strata Title

This is an integrated form of freehold ownership which applies to condominiums. The owner does have title and thus ownership control over a particular housing strata lot unit such as an apartment or townhouse. These units are always integral to a greater property, known as the strata project, which contains more similar residential units. In this form of ownership, there is a proportionate share of ownership, responsibility and shared use of the various "common property" areas such as garages, halls, grounds, elevators, and driveways.

Cooperative

This varies considerably from the more common strata title in that all owners in a shared group of residential units own a proportionate share of the entire project. No individual owns any single dwelling entirely, but shares equally with other owners, and is assigned by the cooperative association the specific unit that they may occupy.

Why Buy A Home Leasehold

This is a long term rental of a property which is usually measured in decades. This form of ownership is primarily applicable to residential units located on land owned by municipalities or First Nations.

Tenancy in Common & Joint Tenancy

When more than one person owns a property it can be set up in one of two structures: Tenancy in Common, or Joint Tenancy. The primary distinguishing factor between these two forms is what is known as the right of survivorship. The surviving members of a Tenancy In Common do not have the rights of survivorship, while the surviving members of a Joint Tenancy do.

In the form of Tenancy In Common, an individual's share of ownership of a particular property becomes incorporated into the estate and dealt with in the will. In the form of Joint Tenancy, the individual's share of ownership does not become part of the overall estate, and automatically passes on to the other members of the Joint Tenancy.

Therefore if it is your wish that your share of a property be under your control as part of your will, the Tenancy In Common is the structure to opt for.




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