Here is one further section, on “Local Area and Municipal Issues (Zoning and Building)”. These will all require some sort of response from the seller/owner. The list of items is …
Brian Madigan’s “Material Facts” CHECKLIST Part 3
Here is one further section, on “Property: Use, Boundaries and Limits”. These will all require some sort of response from the seller/owner. The list of items is not exhaustive. Depending …
Brian Madigan’s “Material Facts” CHECKLIST Part 2
Here are two further sections, one on liens, charges and encumbrances and the next on property use, boundaries and limits. These will all require some sort of response from the …
Brian Madigan’s “Material Facts” Disclosure CHECKLIST
It is important in a real estate transaction to be armed with the facts. Material facts are those facts which will be important to a person buying or selling real …
RECO Discipline: Sewage Sytems Disclosure
William Holden is a friend of Bernie Johnson an elderly and unsophisticated owner of a waterfront property. Holden takes the listing and takes a few liberties with the facts. He …
RECO Discipline: Grow House Disclosure
So, what are the rules related to grow houses? Does the agent have to disclose them? What about the advertising and the listing? 1. At all relevant times Wilma Jones …
Supreme Court of Canada endorses Good Faith and Honesty
The Supreme Court of Canada changed every contract in Canada. Now, all contracts include: 1) an obligation of good faith contractual performance, and2) a duty to act honestly in the …
Seller’s Deposit Clause
Sometimes the deposit is just not paid. I know that it’s supposed to be paid. What happens if the purchaser doesn’t pay the deposit? Can the vendor get out of …
Investment Real Estate in Ontario’s Cottage Country
I think that it is important for investors to have a “waterfront property”. That’s where the long term value will be in rural and vacation areas. In terms of value: …
Seller wants to Close but Stay in Possession for Two Weeks
Question: For a variety of reasons we have a situation where the Seller needs to close on the house sale, so that they can purchase their smaller property. Neither have …