(Ontario) Question: A deal falls apart on financing. As the Buyer’s Agent you send a mutual release right away as you want to get your buyer’s deposit returned to them. …
Landlords Meeting Tenants
(Ontario) Question: Does it make sense to have the Landlord meet actual Tenants? Answer: I think it makes good sense. It’s just like getting married before a blind date. It’s …
Keys and the Buyer’s Agent on Closing
Question: There are frequently problems getting the keys on closing. Sometimes, the Seller’s lawyer has them, sometimes it’s the Buyer’s lawyer. Often, the Listing Brokerage will be closeby the property. …
Confirmation of Acceptance is Not Part of The Agreement
(Ontario) Question: If an offer goes back and forth a copy of times and in the final sign back there are changes in price and chattels, what happens to the …
Non-Resident Witholding Tax: Tenant’s Obligations
(Ontario) Question: How do you handle the tax witholding provision for non-resident landlords? It’s located in Paragraph 16 of the Form 400 Agreement to Lease. Answer: The Tenant is obligated …
Joint Tenancy Severance and Death
If one joint tenant (A) out of three (A, B and C) sells his share to X, then X becomes tenants in common with joint tenants B and C. Now …
Absolute Discretion Clause in Ontario after Bhasin
Numerous clauses will state “…the Buyer’s sole and absolute and unfettered discretion…”. The difficulty with the clause as it stands is that it may easily give the novice or the …
Mutual Driveway Issues Related to Abutting Areas
Question: What do you think can and can’t be done with the highlighted area in the picture? For example, can a hose or recycle bins or garden shed be stored …
Co-operatives and Co-ownership in Ontario
Question: I am having difficulty understanding the difference and which Forms to use. Answer: Co-Operative – the Corporation owns the real estate, you are just a shareholder Co-ownership – you …
Homeowner Sues Agent Because Commission is too Small
While this doesn’t actually sound right, it’s true! Bill was trying to sell his house. He entered into a Listing Agreement with Bob. Bill would pay Bob’s Brokerage 5% on …