Basically, there are two kinds of Powers of Attorney: Personal Care, General for Assets. Most people need them both. The first one deals with daily living decisions which affect the …
Open Concept Plans
For most of the twentieth century, house designs divided houses up into a number of rooms for specific purposes. In the early 1900’s, in addition to the regular rooms, parlours …
New Funds for an Extended Closing Date
From time to time, the Seller agrees to extend the closing provided the Buyer agrees to pay an additional deposit. But, this time, the Seller keeps it if the deal …
Multiple Offers in the Toronto Spring Market for 2021
In Toronto’s competitive marketplace, buyers have to expect that they may be in a multiple offer environment. This is largely due to the shortage of listings. That’s just “supply and …
Toronto and GTA Markets in May 2021
This is the recently released report of the Toronto Regional Real Estate Board concerning the May 2021 results: “June 3, 2021 – Residential transactions reported through TRREB’s MLS® System remained …
Use the Correct “legal name”
You should really be using the person’s correct legal name, regardless of registration. With married women we do have two scenarios. Mary Jones acquired a property, got married, changed her …
Merger of Contract Provisions
Although it is the general rule that the acceptance of a deed is prima facie full execution of the agreement to convey, and preliminary agreements and understandings relating to the sale of …
Material Fact Disclosure
Occupation and Ownership I have occupied the property since _________________ I bought the property on ________________ The registered owners of the property are ______________________ The property is held as joint …
Long Form of Agreement
Brian Madigan LL.B. There are actually two separate and distinct documents used to evidence an agreement to convey land: 1) agreements of purchase and sale, and2) agreements for sale. The …
Lots: Vacant, Empty, Buildable, Ready for Development
What does all this mean? You see an ad for a “fixer-upper” but you’re not handy and you really don’t want something hodge-podge in the end for a million dollars …