Question: Do you always have to get a mutual release signed? I had a deal without a deposit. Answer: One of the primary difficulties associated with the mutual release is …
Future Estates and Life Estates
(Ontario) Before his death, Bill had written a Will in which he granted his wife Mary a life estate for the cottage property and a future estate for their son …
Matrimonial Home and Division of Equity (Ontario)
Question: If I owned a home before getting married, then got married then divorced does my ex get half of the value of the home (it could be a matrimonial …
Calling Back the Offer
Ontario Question: You show your listing to a buyer customer. You prepare an offer. Before you meet with the seller to present the offer, the buyer calls you to tell …
Order of Clauses in an Agreement (Ontario)
Question: Is there a specific order for the clauses in Schedule A to appear. Answer: The usual order would be: Payments Additional deposits Seller Take Back Mortgage Balance Due Conditions …
Co-Tenancy Continuing Liabilities in Ontario
Question: Would the liability of a co-tenant survive bankruptcy? Answer: Let’s say we have a contaminated property owned by A and B as co-tenants. There is a contamination spill and …
BRA Holdover – Referral Enforcement
Buyer Representation Agreement Question: A Buyer Representation Agreement is signed for three months expiring 31 December, with a 120 day holdover period. The Buyer buys on 2 January. What happens? …
Executing an Agreement using a Power of Attorney in Ontario
Question: How should someone sign who holds a Power of Attorney? Answer: Remember that a POA is a piece of paper, and the person to whom authority was granted is …
Vacant Possession: What does it mean?
Even after you read this, you still may not know. With thousands of years of common law history, this is still a matter which is subject to judicial interpretation. There …
Financing Condition: and Two Agents for Same Client
Question: My Buyers have an accepted offer on their home conditional on acceptable financing. I am not the Listing Agent. Their Buyer is coming through with his contractor to determine …