Question: An Agreement is signed conditional for the Buyer for 2 days after the Seller provides certain documents (such as survey and water heater rental to be assumed amount and …
Calculating Dates for Financing
Question: If the Agreement of Purchase and Sale has accepted at 4pm on Monday and there is a financing condition for 5 banking days. Does the start of the 1st …
Use Both Financing and Appraisal Conditions
Sellers like to see unconditional Offers, but things have changed. Even if you have financing, make sure to include an Appraisal Condition. That’s the one you really need. If the …
Appraisal Conditions are soon to return to the Toronto Market
Appraisal Conditions have now returned to the Toronto market in some locations. There are areas where the prices are escalated 20% per year, over two years back to back. Are …
Financing Conditions are soon to return to the Toronto Market
Financing Conditions should soon be considered for the Toronto market. Often, that will be the person with the most amount of money, but they just have to check for sure. …
Use of “more or less” in Description (Ontario)
Question: If according to the Agreement of Purchase and Sale lot dimensions describe a depth of 100 feet, and after client moved in and did a survey he found out …
There Are No Electronic Witnesses in Ontario
Question: Why are some agents witnessing by e-signatures their client’s e-signatures? Unless you are actually there with the client in person signing it on a tablet together! I know that …
The Role of the Organizations in the Fair Rules Business
Assuming that we are to come up with a series of “fair rules” for multiple offers and multiple representation, which organizations should be involved? We have a few to choose …
The Role of an Expert Witness in Real Estate
There are a variety of different roles for an Expert Witness in real estate matters. The first question would be: what’s the problem? The next question would be: who’s the …
Swimming Pool Clause for Fall and Winter
Consider the following: “The parties agree that the swimming pool shall be opened not later than xx April, 2022, by a profession pool maintenance company, selected by the Seller, at …